Posts by Hometown Insurance
A Ray of Sunshine: Florida Insurers Show Quarterly Profit, S&P Reports
For the first time in three years, Florida’s struggling domestic residential property insurers have posted a quarterly profit, according to an analysis by S&P Global Market Intelligence. Excluding Citizens Property Insurance Corp., Florida property insurers reported $38.6 million in profit …
Read More Judge Throws Out Lawsuit over Kraft Mac & Cheese Prep Time
A federal judge on Thursday dismissed a lawsuit accusing Kraft Heinz & Co KHC.O of misleading consumers by promising it takes only 3-1/2 minutes to prepare a cup of microwavable Velveeta macaroni and cheese. U.S. District Judge Beth Bloom in …
Read More Churchill Downs to Improve Track, Vet Resources After Recent Horse Deaths
Churchill Downs will implement safety measures for its September meet including new track surface maintenance equipment and additional monitoring and equine care following 12 horse deaths before and after the Kentucky Derby that spurred suspension of its spring meet. Racing …
Read More Investigators: Poor Track Conditions Caused 2021 Montana Amtrak Derailment That Killed Three
Poor track conditions that should have been flagged by a freight railroad company’s inspectors caused the derailment of an Amtrak train in Montana that killed three people and injured 49 others in 2021, federal investigators said in a final report. …
Read More Insuring the Future: How Gen Z Digital Natives Are Transforming Insurance
Generation Z insurance consumers – or those born between roughly 1997 and 2012 – want the insurance process to be authentic, honest, and immediate. That’s according to guests on The Insuring Cyber Podcast’s quarterly InsurTech update episode. “Gen Z really …
Read More People Moves: Miller Taps Marsh’s Holloway as Head of Europe; HSB Canada Names Walker Chief Distribution Officer; HDI’s UK & Ireland Branch Announces Key Hires
This edition of International People Moves details appointments at Miller, HSB Canada and HDI Global. A summary of these new hires follows here. Miller Taps Marsh’s Holloway as Head of Europe Miller, the London-based specialist reinsurance broker, announced the appointment …
Read More Europe’s Most Important Trade Route Is at Risk From Climate Change
The Rhine River has been a reliable shipping lane for centuries, helping spawn industrial giants along its banks. But those days are coming to an end, and the scramble is made all the more urgent as Germany’s government fails to …
Read More Japan Casualty Insurers’ Shares Sink on Concerns Over Suspected Price Fixing
A price-fixing scandal at Japan’s biggest casualty insurers is escalating following a media report that the suspected collusion is likely to be wider than initially believed. Shares of Tokio Marine Holdings Inc., MS&AD Insurance Group Holdings Inc. and Sompo Holdings …
Read More 2 Investors Take Minority Stake in Mosaic Insurance, Providing Capital for Growth
Mosaic Insurance has secured strategic investment from two US growth-capital providers to drive the specialty insurer’s talent acquisition and product development. Alternative asset manager Atalaya Capital Management and financial services-focused private-equity firm Culpeper Capital Partners LLC are taking a minority …
Read More Re/insurance Broker Consilium Granted License in Cayman Islands
Consilium, the London-based re/insurance brokerage arm of Aventum Group, has been granted a license by the Cayman Islands Monetary Authority (CIMA). Consilium’s focus in the region will be in the financial and professional lines, construction and commercial property sectors, drawing …
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