Posts by Hometown Insurance
Iowa Voters Add Gun Rights to Constitution
DES MOINES, Iowa (AP) – Iowans voted Tuesday to add a right to keep and bear arms into the state constitution, a move that will make it more difficult to pass gun restrictions and easier to strike down existing gun …
Read More No Radioactive Contamination Found at Missouri School
FLORISSANT, Mo. (AP) – Testing by the U.S. Army Corps of Engineers found no radioactive contamination at a Missouri school that was shut down last month amid fears that nuclear material from a contaminated creek nearby had made its way …
Read More Novatae Risk Group Acquires MarketScout; Kerr Named CEO
Managing general agent Novatae Risk Group said it acquired fellow MGA, MarketScout Corp., on Nov 1. Terms of the transaction were not disclosed. Richard Kerr, founder and CEO of Dallas-based MarketScout, was named CEO of Novatae, effective immediately. Steve Cook, …
Read More Insurers Say ‘Bazooka’ of Bogus Boys Scouts Claims is Abuse of Bankruptcy System
A group of insurers – including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo International, and Travelers – are challenging an approval of the Boy Scouts of America’s $2.46 billion bankruptcy reorganization plan to allow the organization to settle tens of …
Read More Chubb Agrees to Defend Basketball Hall of Fame Against Unlawful Funding Claims
The Basketball Hall of Fame has succeeded in getting Chubb subsidiary Federal Insurance Co. to defend it in a case accusing the museum of unlawfully securing funds for renovations to its facility. Documents filed in the U.S. District Court for …
Read More Suspect Arrested in Connection With 7 Fires Across Mississippi’s Capital
JACKSON, Miss. (AP) — Authorities have arrested a suspect in connection with seven fires set across Mississippi’s capital city early Tuesday. At least two of the buildings set ablaze in Jackson were churches; one was burned to the ground. Another …
Read More Tech Update: Risk Solved, expert.ai Partner to Offer Language-to-Data Solution for Insurers; Zurich Insurance Launches Global API Marketplace
Risk Solved, expert.ai Partner to Offer for Language-to-Data Solution for Insurers Risk Solved Ltd, a global risk management platform provider, and expert.ai, an artificial intelligence (AI) specialist in natural language understanding, have announced a partnership to deliver a language-to-data solution …
Read More FTC Aims to Clamp Down on Companies Engaged in Unfair Competition
The US Federal Trade Commission plans to make wider use of its 1914 founding statute to police anticompetitive behavior by companies in the internet age. The Democratic-led commission on Thursday issued a new policy statement that empowers the agency to …
Read More Tropical Storm Nicole Expected to Continue Weakening Over Florida, Head to Georgia
Tropical Storm Nicole was centered over central Florida at 7 a.m., having weakened from being a Category 1 hurricane when it made landfall earlier in the morning on the coast. Nicole’s maximum sustained winds have decreased to near 60 mph …
Read More People Moves: Everest Re Taps AXA XL’s Mann to Lead Casualty, UK; RenRe Promotes Marra to CUO; Lockton Re Names Aon’s Ryan for Retrocession & Property Specialty
This edition of International People Moves details appointments at Everest Re, RenRe and Lockton Re. A summary of these new hires follows here. Everest Re Names AXA XL’s Mann Head of Casualty, UK Branch Everest Reinsurance, the reinsurance division of …
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