Posts by Hometown Insurance

Health insurance company EyeMed Vision Care LLC will pay a $4.5 million penalty to New York State for violations of the state’s cybersecurity regulation that officials said exposed hundreds of thousands of consumers’ personal health data, including data concerning minors. …

Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Hurricane Fiona is the most costly extreme …

A commuter train hit a tractor-trailer Monday whose operator had driven to a rail crossing after leaving the scene of an earlier crash, transit authorities said. Nine train passengers suffered minor injuries. The tractor-trailer was involved in a crash with …

Government powers to force UK regulators to scrap financial rules could harm the City’s global clout, a senior Bank of England official said on Wednesday as the sector called for watchdogs to develop a more “commercial mindset.” While Britain remains …

Brexit resulted in a “substantial negative impact” for trade in both directions between the European Union and the UK, according to Ireland’s Economic and Social Research Institute. Trade from UK to the EU dropped 16% while there was a 20% …

This edition of International People Moves details appointments at three brokers: Lockton Re’s Cyber Practice, Howden’s Equine division and Guy Carpenter’s delegated authority unit. A summary of these new hires follows here. Lockton Re Taps CyberCube’s Brew to Lead London …

Australia’s Medibank Private Ltd. said on Wednesday an unnamed hacker group had contacted it negotiate about customer data it claimed to have retrieved from the health insurer’s IT systems. The news comes six days after Medibank reported an attempted ransomware …

The European Union’s latest sanctions on Russian petroleum could end up depriving a swath of the world’s tanker fleet of industry standard insurance, a move that threatens to undermine US efforts to avert an oil supply shock. The bloc’s eighth …

Amazon.com Inc. is moving into a new business area, offering UK consumers home and contents insurance from third-party providers. The world’s largest online retailer will initially provide shoppers with quotes from LV= General Insurance, Ageas UK and Co-op, with more …

The National Association of Professional Insurance Agents (PIA) and the American Insurance Marketing and Sales Society (AIMS Society) have announced they will combine entities to “redefine the future of insurance education.” A formal agreement was signed by both organizations and …