Posts by Hometown Insurance
Minnesota Man Pleads Guilty to Arson, Insurance Fraud He Blamed on Politics
A Minnesota man pleaded guilty Tuesday to filing fraudulent insurance claims for a staged arson he attempted to portray as a politically-motivated attack. Federal officials said Denis Molla, 30, of Brooklyn Center, falsely reported to law enforcement in September 2020 …
Read More People Moves: Derigiotis Chief Insurance Officer at Embroker
Embroker Names Derigiotis as New Chief Insurance Officer Embroker has named David Derigiotis its new chief insurance officer. Before taking on this new role, Derigiotis served as corporate senior vice president and national professional liability practice group leader for Burns …
Read More State Appeals Court Invalidates Uber’s Hyperlinked User Arbitration Pact
An arbitration agreement buried behind a hyperlink that does not give consumers clear notice they are waiving their right to a jury trial when they agree to the company’s terms and conditions is not valid, a Pennsylvania appeals court has …
Read More Google Faces EU Antitrust Charges Over its Adtech Business
Alphabet unit Google could face antitrust charges next year over its digital advertising business, with EU regulators frustrated over the slow pace of settlement talks with the company, people familiar with the matter said on Thursday. Google’s ad business is …
Read More Seattle Ending Virus Emergency Proclamation, Rules for Gig Workers Changing
The City of Seattle, Washington, will end its COVID-19 emergency proclamation at the end of October. Mayor Bruce Harrell said in a statement Tuesday that Seattle will lift its remaining COVID emergency order to align with Gov. Jay Inslee’s decision …
Read More Georgia Auto Rates Top Issue in Insurance Commissioner Race
Auto insurance costs have become the central issue in the election for Georgia’s next insurance commissioner. John King, the Republican incumbent appointed by Gov. Brian Kemp, says he’s looking for ways to protect consumers but also strike a balance to …
Read More Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re
Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition’s cyber programs. Ferian Re will be capitalized with approximately $300 million from an …
Read More U.S. to Issue New Cybersecurity Requirements for Critical Aviation Systems
A U.S. transportation security agency said Wednesday it plans to issue new cybersecurity requirements for some key aviation systems after several U.S. airport websites earlier this week were hit with apparently coordinated denial-of-service attacks. The Transportation Security Administration (TSA) said …
Read More Hampden Rebrands Syndicate 2689 as Hampden Risk Partners, Changes Business Mix
Hampden Group announced the rebranding of Verto, its follow-only syndicate, to Hampden Risk Partners. The rebrand better identifies the syndicate with the Hampden Group and focuses its purpose in terms of its relationships both with underwriting partners and capital support, …
Read More Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s facility for the London market. The Liberty Project Cargo Consortium (LPCC) underwrites global project-related cargo risks. The facility, Consortium 7763, …
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