Posts by Hometown Insurance

Taiwanese Apple Inc. supplier Foxlink said on Wednesday it is working hard to resume production following a fire at a plant in southern India that halted operations at the maker of iPhone charging cables, sending its stock price down. The …

A jury has awarded over $600,000 to a former Oregon State University dean who sued the school for whistleblower retaliation. University officials disagree with the verdict issued earlier this month and plan to appeal, Oregon Public Broadcasting reported. Grace Kuo, …

While the continuously evolving cyber threat landscape is a growing problem for insurers, experts on this episode of The Insuring Cyber Podcast say it’s not an insurmountable one, and empathy and thoughtfulness will be key as insurers seek to tackle …

CNA Hardy, the specialist commercial insurer that operates within the company and Lloyd’s markets, announced the launch of a new portfolio of bespoke package products built specifically for multinational businesses, called “Atlas.” Building on CNA Hardy’s existing suite of combined …

The Jensten Group has announced its acquisition of the schemes broker, Darwin Clayton, for an undisclosed amount. The deal, which is subject to regulatory approval, brings 44 staff, 2,300 clients and more than £20 million ($23.9 million) in gross written …

Canopius Group, the global specialty re/insurer, announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as casualty underwriter, APAC with immediate effect. Canopius will initially underwrite casualty …

Howden, the international insurance broker, announced an agreement to acquire Franz Gossler Insurance Group, one of the leading insurance brokers focusing on film and entertainment insurance in Germany and beyond. The transaction has been executed by Howden Germany’s specialty broker …

Insurers are about to pay state-owned Bangladesh Shipping Corp. (BSC) $22.48 million for its vessel that was hit by a missile during fighting in Ukraine, two officials involved said on Tuesday. The expected settlement is one of the first shipping …

Drivers in the United States struck and killed 3,434 people in the first half of 2022 – up 5%, or 168 more deaths, from the same period the year before, according to a new analysis from the Governors Highway Safety …

Late last year, State Farm’s chief executive broke the news that the auto giant would record the largest underwriting loss in its 100-year history for 2022. On Monday, the news became official with a huge number attached: $13 billion. “We …