Posts by Hometown Insurance
Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending
The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their capital rules were eased, Bank of England Deputy Governor Sam Woods said on Wednesday. Britain is rolling back capital rules …
Read More Walmart Sued by EEOC Over Test That Screened Out Disabled Workers
The U.S. agency that enforces workplace discrimination laws said on Wednesday that it had sued Walmart Inc over allegations it fired hourly workers with disabilities who could not pass a computer-based test. The Equal Employment Opportunity Commission (EEOC) said that …
Read More APCIA: Commonsense Reforms Needed for ‘Dark Money’ Third-Party Litigation Lending
In support of recent efforts at the state and federal levels of government to curtail third-party litigation funding, the American Property Casualty Insurance Association has asked the House Committee on Oversight and Accountability to consider disclosures. “As insurance protecting civil …
Read More New Florida Immigration Law Could Worsen Property Insurance Costs
If Florida insureds and insurers haven’t been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida’s tough new immigration law that took effect July 1, requiring more …
Read More Art Dealer to Rich and Famous Faces Millions in Fraud Claims
A high-profile New York art adviser with outposts in Tribeca and London is accused of withholding millions of dollars worth of artwork and cash from her clients, leaving collectors and galleries to line up in a court case to recover …
Read More People Moves: IOA Names New Western Division Team Members
Insurance Office of America (IOA) named three new members to its western division team based in Encino, Calif. Ricky Choi is a senior advisor and leader of IOA’s newly launched Korean practice. Choi has more than two decades of expertise …
Read More Judge Dismisses Former Wilmington Police Officer’s Racial Discrimination Suit
A federal judge has dismissed a lawsuit filed by a former Wilmington police official who accused the police department of engaging in racial discrimination and improperly collecting and using data from seized cellphones, including her own. Judge Mark Kearney ruled …
Read More No Danger of Assessment: Florida Citizens Seeing Just 2,000 Claims from Idalia
Florida’s Citizens Property Insurance Corp. has so far seen just about 2,000 claims from Hurricane Idalia, well below the threshold that would exhaust the carrier’s personal lines surplus and trigger a surcharge on policyholders, officials said this week. “There’s no …
Read More People Moves: De Nil Named Global Head of Zurich Resilience Solutions; Miller Taps Aon’s Castanier to Develop European Leasing Practice
This edition of International People Moves details appointments at the brokers Lockton and Miller. A summary of these new hires follows here. De Nil Named Global Head of Zurich Resilience Solutions Zurich Insurance Group has appointed Dirk De Nil, currently …
Read More Delta, United Must Face Class Action Over US Airfares
Delta Air Lines and United Airlines were ordered by a federal judge to face a consumer antitrust class action accusing major U.S. carriers of conspiring to drive up domestic airfares by reducing the number of available seats. In a decision …
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