Posts by Hometown Insurance
Bermuda Public Services Remain Disrupted After Cyber Attack
Bermuda is working to restore public services that were halted after last week’s “sophisticated and deliberate” cyberattack on its government systems, the island’s premier, E. David Burt, said on Monday. Authorities are investigating who is behind the attack, and the …
Read More People Moves: AIG Appoints Dandridge Chief Marketing, Communications Officer; Heck New NAMIC Chair
AIG Appoints Dandridge EVP and Chief Marketing & Communications Officer American International Group, headquartered in New York, N.Y., hired Edward L. Dandridge as executive vice president and chief marketing and communications officer, effective Oct. 16. During his tenure at AIG, …
Read More UK Workers Take Most Sick Leave in More Than a Decade: Employer Survey
British workers took the most sick leave in more than a decade during the past year, a survey of employers showed on Tuesday, adding to signs of a lasting increase in ill health since the COVID-19 pandemic. The Chartered Institute …
Read More Ares Management Provides £1 Billion of Loans for UK Insurance Merger
Ares Management Corp. is providing a direct-lending package of about £1 billion ($1.2 billion) to support the merger of two personal insurance businesses in the UK, according to people familiar with the matter. Ardonagh Group — a large borrower in …
Read More Thomson Reuters AI Copyright Dispute Must Go to Trial, Judge Says
A jury must decide the outcome of a lawsuit by information services company Thomson Reuters accusing Ross Intelligence of unlawfully copying content from its legal-research platform Westlaw to train a competing artificial intelligence-based platform, a Delaware federal judge said on …
Read More Conservative Activist Uses Civil War-Era Law to Challenge Corporate Diversity
The anti-affirmative action activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies is trying to use a Civil War-era law designed to protect formerly enslaved Black people from racial bias to dismantle American corporate diversity programs. …
Read More OpenAI CEO: Possible to Get Regulation Wrong, but Should Not Fear it
The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI. Many countries are …
Read More NC Commissioner, Firefighters Question New Law Making Fire Marshal a Separate Office
North Carolina’s Republican supermajority in the legislature has thrown a curveball to the state’s insurance commissioner and fire marshal, a position that until recently has mostly stayed above partisan politics. A late change to the state’s $30 billion budget, approved …
Read More Arthur J. Gallagher Acquires Hartley Cylke Pacific Insurance Services in California
Arthur J. Gallagher & Co. today acquired San Hartley Cylke Pacific Insurance Services Inc. in San Diego, California. Michael Hartley, John Cylke, James Hawes and their team will remain in their current location under the direction of Scott Firestone, head …
Read More Connecticut Eyes 9.8% Cut in Workers’ Compensation Costs
Connecticut workers’ compensation insurers are recommending an overall 9.8% reduction in loss costs in the voluntary market and a 10.5% overall reduction in the assigned risk market. The rate filing submitted to the Connecticut Insurance Department by the insurers’ National …
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