Posts by Hometown Insurance
Generali’s Plan to Shed $22B of Insurance Liabilities Complicated by Interest-Rate Surge
Assicurazioni Generali’s plans to shed up to 20 billion euros ($21.87 billion) of insurance liabilities are being hampered as a surge in interest rates has complicated talks with buyers, three people familiar with the matter said. The Italian insurer embarked …
Read More No Sign of Threat From Hazardous Train That Plunged Into Montana River
Preliminary testing of water and air quality along a stretch of the Yellowstone River on Montana where train cars carrying hazardous materials fell into the waterway following a bridge collapse did not indicate any threat to the public, state and …
Read More J&J’s $8.9 Billion Talc Settlement Faces Bankruptcy Test
Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc products cause cancer faces a crucial hurdle this week as a U.S. bankruptcy judge in New Jersey considers whether or not a J&J subsidiary may …
Read More Pennsylvania Senate Votes to Expand Ban on Driver’s Use of Phones
Pennsylvania’s state Senate wants to expand a ban on texting while driving and approved legislation on Thursday that would increase the penalties for motorists who are handling their cell phones for almost any activity while driving. The bill, approved 37-11, …
Read More Canada’s British Columbia Highway 99 Closed Due to Brush Fire
Canada’s British Columbia Highway 99 was closed in both directions on Monday due to a brush fire, the British Columbia Wildfire Services (BCWS) said in a post on Twitter. The brush fire broke out in southwest of Whyte Lake, approximately …
Read More Environmental Changes Put 90% of World’s Marine Food Supplies at Risk: Study
More than 90% of the world’s marine food supplies are at risk from environmental changes such as rising temperatures and pollution, with top producers like China, Norway and the United States facing the biggest threat, new research showed on Monday. …
Read More Howden Taps WTW’s Douglas as CEO, Climate Risk and Resilience
Howden, the London-based insurance group, announced the appointment of Rowan Douglas as CEO, Climate Risk & Resilience, effective June 26. Douglas’ role is to continue to build an expert, full spectrum function to support the group worldwide, embedding climate and …
Read More Australia Regulator Tells Medibank to Set Aside $167M After Major Cyber Attack
Australia’s banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking breach. Shares of the country’s biggest health insurer …
Read More PwC Australia Asset Sale Unlikely to Repair Firm’s Tarnished Reputation: Experts
PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its toxic brand in the country anytime soon, according to experts. PwC said on Sunday …
Read More Publishers Clearing House Settles for $18.5 Million for Misleading Consumers
Publishers Clearing House (PCH), which offers sweepstakes where people can win thousands of dollars per week for life, has agreed to pay $18.5 million and change its business practices to settle allegations it misled consumers about its contests, the U.S. …
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