Posts by Hometown Insurance
Distracted Driving: A Fatal Problem with Seemingly Simple Solutions
In 2021, distracted driving killed 3,522 people. April is Distracted Driving Awareness Month, and statistics show that distracted driving has become an increasingly common and fatal hazard. According to the National Highway Traffic Safety Administration (NHTSA), in 2020, 8% of …
Read More China’s Ping An Insurance Reports 48.9% Rise in Q1 Profit
Ping An Insurance (Group) Co. of China Ltd. saw a 48.9% rise in first-quarter net profit as its investment income improved, China’s largest insurer by market value reported on Wednesday. Profit rose to 38.4 billion yuan ($5.55 billion) for the …
Read More Lessons From Inside: Two Cyber Experts Share Biggest Risks for Companies
On this episode of The Insuring Cyber Podcast, two cybersecurity experts shared their inside view of the current cyber risk landscape. “While working in the cybersecurity industry for several years, you get to understand the pain points of CISOs (chief …
Read More Catastrophe Losses Stimy Chubb Q1 Net Income
First quarter net income at Chubb Ltd. fell several percentage points to about $1.9 billion as catastrophe losses evened gains in premiums written. P&C underwriting income was about $1.21 billion, down 5.5% from about $1.28 billion the prior year first …
Read More People Moves: Hiscox Re & ILS Hires Hamilton Re’s Shah as Dir. of U/W Risk; BHSI Names Claims Execs in Germany; Aon’s Reins. Solutions Taps AXA XL’s Grigg for Cyber
This edition of International People Moves details appointments at Hiscox Re & ILS, Berkshire Hathaway Specialty Insurance (BHSI), and Aon’s Reinsurance Solutions A summary of these new hires follows here. Hiscox Re & ILS Hires Hamilton Re’s Shah as Director …
Read More EU Lawmakers Back Human Rights, Environmental Checks for Big Companies
European Union lawmakers on Tuesday backed rules requiring thousands of large companies to identify and mitigate human rights abuses like child labor or slavery, and environmental damage by suppliers. The European Parliament’s legal affairs committee voted to approve the draft …
Read More North Sea Nations to Develop Critical Infrastructure Security Pact
Security advisers from the North Sea nations agreed to work out a pact to jointly protect critical sub-sea gas pipelines and power cables, telecoms connections and wind farms. Several nations attending the North Sea Summit in Belgium on Monday will …
Read More Russia’s Lavrov Blames West for Deadlock Over Future of Black Sea Grain Deal
Moscow has seen “practically no results” from a pact with the United Nations that aimed to help Russia’s grain and fertilizer exports and blamed Western countries for creating a deadlock, Foreign Minister Sergei Lavrov said on Tuesday. Russia has signaled …
Read More Private Health Care Booms in Britain as State-Run Health Service Buckles
British patients are turning to private health care as the National Health Service struggles with mass strikes, long waiting lists and budget constraints. Insurance company Vitality Health Ltd. said its policies cover nearly a million people in the UK, compared …
Read More Japan’s Sompo to Focus on Integration After Spree of Overseas Acquisitions
Sompo Holdings Inc. will place more focus on integrating domestic and overseas operations for further growth after a spell of acquisitions abroad boosted the global presence of Japan’s No. 3 non-life insurer group, a senior executive said. “We rapidly shifted …
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