Posts by Hometown Insurance
AM Best Revises Outlooks to Negative for Virginia’s Northern Neck Insurance
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Northern Neck Insurance Co. of Irvington, Virginia. AM Best said the …
Read More California Jury Awards $46M to Paralyzed Jiu-Jitsu Student
A San Diego jury has awarded more than $46 million to a man who suffered a catastrophic spinal injury during a beginner jiu-jitsu class five years ago, attorneys said. Jack Greener was enrolled at Del Mar Jiu-Jitsu Club in 2018 …
Read More FEMA Index Offers Closer Look at Social Risks in Disaster Resilience
The free digital tool that the US government gives communities to help evaluate local risks from 18 natural hazards is getting a makeover. The Federal Emergency Management Agency introduced the National Risk Index last summer. Aimed primarily at planners and …
Read More Whipped Cream Vodka Not so Sweet for Florida Woman Linked to False Insurance Claims
A broken bottle of whipped cream-flavored vodka may have turned into a just dessert for an Orlando-area woman who allegedly filed false insurance claims. Florida authorities announced Thursday that Anita Jovic, of Seminole County, has been charged with insurance fraud …
Read More Quietly, Disney May Have Undermined DeSantis’ New Governing Board
Board members picked by Florida Gov. Ron DeSantis to oversee the governance of Walt Disney World said Wednesday that their Disney- controlled predecessors pulled a fast one on them by passing restrictive covenants that strip the new board of many …
Read More R&Q’s Quilter Steps Down as CEO, Retires at Year-End; Spiegel Becomes New CEO
R&Q Insurance Holdings Ltd., the non-life global specialty insurance company that focuses on program management and legacy insurance businesses, announced that CEO Alan Quilter will retire at the end of 2023 and is stepping down immediately to run the company’s …
Read More Britain to Reform Accountability Rules for Senior Bankers, Insurance Executives
Britain on Thursday launched a long-awaited consultation on reforming rules brought in after the global financial crisis to make top bankers accountable for their decisions, saying a globally competitive finance sector is key to economic growth. Britain broke regulatory ground …
Read More People Moves: Everest Taps Chubb’s Chaves to Lead Mexico Operations; BMS Names Munich Re’s Tigleanu for Cyber Strategy; Miller Hires Dipati in Singapore Energy Team
This edition of International People Moves details appointments at Everest Insurance and two brokers BMS and Miller. A summary of these new hires follows here. Everest Insurance Taps Chubb’s Chaves to Lead Mexico Operations Everest Insurance, the insurance division of …
Read More Gallagher Launches in Sweden Following Integration, Rebranding of 3 Acquired Brokers
Gallagher will launch its first direct presence in Sweden on Monday, April 3, following the integration and rebranding of its three individual Swedish businesses Brim, Nordic and Proinova. Gallagher acquired Brim in 2016, followed by Nordic in 2017 and Proinova …
Read More Porsche SE Wins Crucial Ruling in Stuttgart Investor Class-Action Lawsuit
Porsche Automobil Holding SE won a crucial ruling in a €900 million ($976 million) class-action style lawsuit from investors who claimed the company should have warned shareholders about the diesel-emission software rigging at Volkswagen AG. The Stuttgart Higher Regional Court …
Read More