Posts by Hometown Insurance
People Moves: Shelter CEO Rawlins to Retire in 2024; Corbin Named Successor
Shelter Insurance Companies announced the retirement of current President & CEO Randa Rawlins effective April 30, 2024. Rawlins became President on January 1, 2021, and added the CEO title on July 1, 2021. Her retirement will bring an end to …
Read More Xcel Energy to Construct Underground Barrier to Prevent Radioactive Water from Reaching Mississippi River
MONTICELLO, Minn. (AP) – The energy company responsible for leaking radioactive material from its nuclear plant in Monticello, Minnesota, in recent months has announced that it will build an underground metal barrier to keep affected groundwater away from the nearby …
Read More Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row
Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail and wildfires linked to climate change become more frequent. Munich Re has put the total global insured costs of natural-catastrophe …
Read More Texas Pipe Company Faces Department of Labor Lawsuit for Violating Whistleblower Protections
A Department of Labor lawsuit claims a Tyler, Texas pipe manufacturer violated federal whistleblower protections after the company fired an employee because they requested to use a respirator to protect them from smoke and fumes in the work area. The …
Read More Florida OIR Tells Citizens to Rethink Maximum Rate Increase on HO Policies
When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in the Florida insurance industry saw it as a good thing, needed to help steer policyholders back toward the beleagured primary …
Read More Japan to Release Water Into Sea From Fukushima Nuclear Power Plant on Aug. 24
Japan said on Tuesday it will start releasing into the sea more than 1 million metric tons of treated radioactive water from the wrecked Fukushima nuclear power plant on Aug. 24, going ahead with a plan heavily criticized by China. …
Read More FAA Holding Runway Safety Meetings After Close Call Incidents
The U.S. Federal Aviation Administration said on Tuesday it will hold runway safety meetings at 90 airports over the next few weeks after a series of troubling close-call aviation incidents. Earlier this month, the FAA and National Transportation Safety Board …
Read More People Moves: AXA XL Names Hopkinson Canada Country Mgr; BHSI Promotes Leandri for Risk Control; Coalition Taps MS Amlin’s Wynne Davies as UK Special Projects Lead
This edition of International People Moves details appointments at AXA XL, Berkshire Hathaway Specialty Insurance (BHSI), and the cyber insurer Coalition. AXA XL Names Hopkinson as Canada Country Manager AXA XL announced the appointment of Glen Hopkinson as the new …
Read More Third Child Dies Following House Fire in North Carolina
CONCORD, N.C. (AP) — A third child has died following a weekend house fire in North Carolina, officials said. Fire-fighting crews were dispatched to a one-story public housing duplex in Concord, northeast of Charlotte, shortly after 1:00 a.m. Sunday. Firefighters …
Read More Russia’s Flagship Oil Rises Above G-7 Sanctions Cap, but Does Little to Impede Services
The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade. The number of ships calling at the nation’s ports …
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