Posts by Hometown Insurance

QBE Insurance Group announced that Todd Jones, CEO of QBE North America, is leaving the organization at the end of this month. After nearly four years with QBE, Jones “has decided that now is the right time to leave QBE,” …

A tracking device called Tile may be effective in preventing its user from losing keys, a dog, or a purse, but it is also a tool used by stalkers, according to two women who have filed a proposed class-action lawsuit …

AXA Investment Managers is eliminating as many as 90 roles as the French firm aims to streamline part of the organization. The layoffs at AXA SA’s asset management arm, which had 2,600 employees at the end of 2022, will be …

Another insurance firm is expanding into Florida, the state in which it has had its headquarters for several years. Orion180, founded in 2016, with corporate offices in Melbourne, Florida, has been approved by state regulators as a property and casualty …

China fined U.S. firm Mintz Group about $1.5 million for doing “unapproved statistical work,” said a Beijing Municipal Bureau of Statistics notice, after a raid of its Beijing office sparked worries about China’s openness to foreign investment. The Beijing’s Bureau …

Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, according to a paper from the Bank for International Settlements. “Cryptoassets hold out the …

San Francisco’s Roman Catholic archdiocese filed for bankruptcy this week, saying the filing is necessary to manage more than 500 lawsuits alleging child sexual abuse by church officials. The Chapter 11 protection filing will stop all legal actions against the …

Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups in 2022, with Swiss Re coming in as the second-largest reinsurer — for the third year in a row. These two …

This summer’s wildfires in eastern Canada have raged so intensely that smoke from them darkened skies as far away as Portugal. From the outset, scientists said that Canada’s historic wildfire season bore the hallmarks of climate change. Now, a new …

More than one-third of desks in offices around the globe are unoccupied all week, according to a new report, raising questions about how well workplaces are currently designed as companies struggle to get employees back into them. The report, from …