Posts by Hometown Insurance

Consilium, the London-based speciality re/insurance broking business of the Aventum Group, announced the launch of a new cedent driven facultative (FAC) reinsurance division. Simon Richardson has been appointed managing partner of the new division and following his notice period will …

NFP, the New York City-based property/casualty insurance broker and consultant, announced it has acquired Direct Safety Solutions Ltd., a UK-based health and safety consultancy. Financial details of the deal were not disclosed. Based in the West Midlands, England, Direct Safety …

Insurers loved the UK government’s long-awaited plans to free up billions of pounds of their capital. But after the celebrations have come fears that regulators could nudge the changes in a more cautious direction. Reforms to City of London rules, …

Turmoil at trophy properties in London and Frankfurt offer a glimpse of the damage awaiting European real estate investors as they face the sharpest reversal on record. From a fraught refinancing process for an office building in the City of …

TrueNorth Announces Next Phase of Leadership Succession Plan Effective January 2023 TrueNorth Companies, L.C., a closely and privately held risk management and insurance brokerage firm headquartered in Cedar Rapids, Iowa, has announced a series of leadership changes. Several officer appointments …

Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business. The company—best known for auto and home policies—is investing in technology including artificial intelligence and telematics, which sets premiums based on …

HERMAN, Wis. (AP) – A company that operates a southern Wisconsin wind farm is investigating what caused part of a wind turbine and its blades to plummet to the ground, leaving debris strewn across a field. No one was injured …

Juul Labs Inc. won preliminary approval of a settlement aimed at resolving thousands of lawsuits targeting the e-cigarette maker as a major cause of a US youth-vaping epidemic. U.S. District Judge William Orrick said on Friday the deal to settle …

A new U.S. lawsuit on Thursday accused Germany’s Bayer AG of illegally excluding a Virginia farmworker from a settlement over claims its Roundup weedkiller causes cancer, because she is not a U.S. citizen. The complaint said Elvira Reyes-Hernandez, who used …

Florida lawmakers can fine local government officials who attempt to restrict gun and ammunition sales under a state law upheld by the state Supreme Court on Thursday. Former Democratic Agriculture Commissioner Nikki Fried and some municipalities sued the state over …