Posts by Hometown Insurance
What Caused Closure of Toyota’s 14 Assembly Plants in Japan?
Toyota Motor was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle parts broke down on Tuesday, forcing the closure of 14 assembly plants. The disruption shut down a system that is …
Read More Super Typhoon Saola Lashes Taiwan Before Heading to Hong Kong
Super Typhoon Saola pummeled the south of Taiwan early Wednesday with strong winds and heavy rain, shutting offices and canceling some flights before heading to Hong Kong. Authorities in Taiwan, where no typhoon has made landfall since 2019, closed offices …
Read More People Moves: Starr Names Chen CEO of Starr Singapore; Arch Re Announces 4 Executive Promotions; Fidelis MGU Boosts Underwriting Team With 6 Promotions
This edition of International People Moves details appointments at Starr Insurance, Arch Reinsurance and Fidelis MGU. A summary of these new hires follows here. Starr Names Chen CEO of Starr Singapore Starr Insurance announced that Sean Chen, a 14-year member …
Read More Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable
Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David Knibbe said. While NN benefited from benign weather conditions in the first half of the year, the July storm in …
Read More UK’s Direct Line Group Names Aviva’s Winslow as Group Chief Executive Officer
UK insurer Direct Line Group announced that Adam Winslow has been appointed as chief executive officer, subject to regulatory approval. It is expected that he will take up the role in the first quarter of 2024, succeeding Jon Greenwood who …
Read More Car Premiums to Rise Again as British Insurers Feel the Heat
Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned. Admiral Group Plc will continue increasing motor insurance prices and expects the rest of the market to follow suit, …
Read More People Moves: Cover Genius Names Rudow Chief Financial Officer
Cover Genius Names Rudow Chief Financial Officer Cover Genius, headquartered in Mumbai, India, appointed David Rudow as its new chief financial officer (CFO). Rudow has over 18 years of experience and previously served as CFO of the cloud-based technology company …
Read More Tesla Faces More Questions From Feds on Autopilot Safety
The U.S. auto safety regulator investigating Tesla’s Autopilot driver assistance system is demanding an explanation for a software change that allows drivers to keep their hands off the wheel for longer, risking collisions, documents released on Tuesday showed. The National …
Read More Lufthansa Weighs Sale of Aviation Insurance Broker, Insurer: Sources
Deutsche Lufthansa AG, the German airline, is looking to sell its insurance brokerage unit Albatros and insurance business Delvag, according to people familiar with the matter. The country’s largest carrier is working with advisers to find a buyer for the …
Read More Parents of Maine Teen Who Died on School Hiking Trip File Suit
The parents of a 17-year-old Maine boy who died on a school-sponsored hiking and camping trip are suing the school district and two staff members. The lawsuit contends Michael Strecker had limited access to water while hiking and that his …
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