Posts by Hometown Insurance

A Massachusetts woman has pleaded guilty to accepting money in exchange for agreeing to issue passing learner’s permit test scores to applicants regardless of whether they actually passed. U.S. Attorney Rachael S. Rollins reported that Mia Cox-Johnson, a former manager …

Specialist insurer Beazley has announced a refreshed Primary U.S. Public D&O wording, available both in the London Market and on a Surplus Lines basis in the U.S. Beazley said it has taken the step to simplify their wording, which includes …

Three current and former former executives of a shipbuilder that constructs vessels for the U.S. Navy have been indicted on accounting fraud charges accusing them of falsely inflating the company’s reported earnings, federal prosecutors said. Craig Perciavalle, 52, Joseph Runkel, …

The city of Buffalo has filed suit against Kia and Hyundai seeking to hold the carmakers responsible for the rash of auto thefts caused by their alleged failure to include industry-standard anti-theft technology. Buffalo looks to join Cleveland, Cincinnati, Columbus, …

Australian contractor Downer said on Monday it faces a shareholder class action for allegedly making some misrepresentations and withholding certain information about a maintenance contract in its domestic utilities business. Downer is currently under investigation by New South Wales’ Independent …

This edition of International People Moves details appointments at Chubb, the MGA Pen Underwriting and loss adjuster McLarens. A summary of these new hires follows here. Chubb Names Chasseguet as Country President for France Chubb announced the appointment of Benoit …

The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct investments in upstream oil and gas infrastructure projects for new fields, as part of efforts to rein in global warming. …

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of MS Amlin AG (Switzerland). The outlook of the Long-Term ICR has been …

A United Nations agency that oversees shipping raised concerns about the shadow fleet of tankers that has emerged to transport oil amid sanctions, calling for more steps to boost safety. States that become aware of ships going dark — or …

Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says are “material” legal risks, in a move that marks the latest blow to a coalition built by former Bank of …