Posts by Hometown Insurance

iprism, the London-based construction, property, commercial and high-net-worth MGA, announced the acquisition of property-focused MGA, SK Underwriting Ltd. for an undisclosed amount. Kent, England-based SK Underwriting was formed in 1999 and offers a range of commercial SME products, principally focused …

RICHMOND, Va. (AP) — The family of a man who died while handcuffed and pinned to the floor for about 11 minutes as he was being admitted to a Virginia psychiatric hospital has reached an $8.5 million settlement with the …

The Federal Trade Commission is expected to sue Amazon.com Inc. for antitrust violations next week, according to people familiar with the matter – marking the agency’s fourth swipe at the online retail giant this year. The lawsuit, expected to be …

This year has been a challenging one for Phil Schneider, who hasn’t seen wildfire behavior like this in his 47-year firefighting career. Blazes raged through more than 2,000 acres of wildland in recent months in his county deep in the …

The Federal Energy Regulatory Commission on Thursday [Sept. 21] recommended revising reliability standards for power grid and natural gas infrastructure to avoid issues during extreme weather, as part of findings from a report on winter storm Elliott in 2022. Elliott …

When a landslide blocked an aging Alpine tunnel connecting Italy and France this summer, Livio Ambrogio knew what the fallout was going to be for his freight business: time and money. The closure of the 8-mile long Frejus tunnel meant …

Two of Crispin Odey’s alleged victims have filed a lawsuit against the hedge fund manager and his eponymous former firm. Two former employees have submitted a civil claim against Odey Asset Management and the 64-year-old former executive, according to Jill …

Britain’s financial regulators proposed guidance on Monday for financial firms to tackle sexual harassment and bullying, along with new requirements for large banks and insurers to set targets to improve diversity and inclusion. The Financial Conduct Authority (FCA) and the …

Russian crude oil supplies increased 50% this spring despite the G7 countries imposing sanctions due to war in Ukraine, the Financial Times reported on Sunday citing data from analytics company Kpler. The European Union, G7 countries and Australia introduced a …

British insurer Aviva said on Monday it had agreed to acquire the UK protection business of AIG for 460 million pounds ($563 million). Aviva said it would buy the unit – known as AIG Life UK – from Corebridge Financial …