Posts by Hometown Insurance
FEMA’s Home Buyout Program Weighted in Bureaucracy, Lacks Equity: Cornell
As climate change threatens residential areas, a longtime federal home buyout program – designed to eliminate risk to people and property – has become bureaucratically inaccessible and inequitable, according to researchers at Cornell University. To offer solutions, the researchers compared …
Read More OSHA Cites Massachusetts Roofing Company for Fifth Time
A Quincy, Massachusetts roofing contractor exposed workers on the roofs of a garage and house in Boston’s Mattapan neighborhood to potentially fatal falls from heights, federal workplace safety inspectors reported. The Occupational Safety and Health Administration said it has cited …
Read More Five Iran-Connected Oil Tankers Lose Their Flags Following U.S. Sanctions
The international ship registries of Djibouti and the Cook Islands suspended the flags on five oil tankers, following sanctions by the United States this month for having facilitated oil trade for Hezbollah and Iran’s Quds Force, nongovernment organization United Against …
Read More AI-Powered Claims Specialist omni:us Closes €12M Financing Round
omni:us, the Berlin-based provider of artificial intelligence-powered insurance claims automation, has closed its €12 million ($12.4 million) Series A+ expansion financing round with W&W subsidiary Württembergische Versicherung, as well as existing investors. With this financing, the company plans to further …
Read More Families of California Mass Shooting Victims Splitting $8M Settlement
The families of nine people killed last year by a co-worker at a California rail yard will receive $8 million to settle damage claims filed last November, officials said. The agreement was reached with the families of eight of the …
Read More Goldman Sachs Paid Over $12M to Bury Partner’s Claim of Sexist Culture
Goldman Sachs Group Inc. paid out well over $12 million to a veteran executive who complained internally about a toxic workplace for women in the highest echelons of Wall Street’s most prestigious firm. The bank settled with the departing partner …
Read More People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines
This edition of International People Moves details appointments at Marsh, SCOR, and Chubb Global Markets, A summary of these new hires follows here. Marsh Names Adamantiadis as CEO, Continental Europe Marsh, the insurance broker and risk adviser, announced the appointment …
Read More Gallagher Acquires NC-based Intellectual Property Insurance Firm
The global insurance brokerage and consulting firm, Arthur J. Gallagher & Co., has acquired a North Carolina-based intellectual property insurance firm. PIUS, or Patent Insurance Underwriting Services, is considered a managing general agent. Its services allow clients to insure patented …
Read More 16 Hurt When Semitrailer Strikes Bus Carrying Hockey Team in Indiana
Sixteen people have been injured, three critically, after a semitrailer collided with a bus carrying a youth hockey team from Chicago in northern Indiana, police said. Investigators believe alcohol was a factor in the collision and police arrested the semitrailer …
Read More Antares Bermuda Receives Approval From Lloyd’s to Write Business as Coverholder
Antares announced that Antares Global Management (Bermuda) Ltd. (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder. This will enable AGML Bermuda to write Lloyd’s business on behalf of Antares Syndicate 1274 from Bermuda, in …
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