Posts by Hometown Insurance
World Insurance Acquires 3 Agencies in Northeast
Insurance brokerage World Insurance Associates reported that it recently closed on purchasing three insurance agencies in the Northeast. World Insurance acquired Michael F. Iacangelo & Company Inc. of Belleville, New Jersey on September 1, 2022. Iacangelo, founded in 1957, sells …
Read More UK Market Turmoil Threatens Plans for Post-Brexit Reforms for Insurers
Reforming European Union insurance rules to release billions of pounds of capital is a key part of the UK government’s program to boost the economy. The market turmoil unleashed by the mini-budget may make such ambitions harder to deliver. The …
Read More U.S. Consumers Value Data Privacy Over Savings in Home, Auto Insurance: Policygenius
Despite inflation and rising costs, most Americans would rather pay more for insurance coverage than use data-monitoring devices, according to an annual survey from Policygenius. The survey found that 68% of U.S. consumers said they would not install an app …
Read More Lloyd’s Probes Possible Cyber Attack
Lloyd’s of London is investigating a possible cyber attack, the re/insurance market has confirmed. “Lloyd’s has detected unusual activity on its network, and we are investigating the issue. As a precautionary measure, we are resetting the Lloyd’s network and systems. …
Read More Judge Temporarily Blocks Two State Lawsuits Over J&J Talc Marketing
A U.S. bankruptcy judge has blocked New Mexico and Mississippi from pursuing lawsuits accusing Johnson & Johnson misleading consumers about the safety of its talc products, such as its baby powder, for now. U.S. Bankruptcy Judge Michael Kaplan in Trenton, …
Read More People Moves: Arch Ins. Int’l Names Lockton’s Stallard as Cargo U/W; Beazley Hires van Ommeren as Financial Lines U/W; Aon Reinsurance Taps Sompo’s Shedden for Analytics
This edition of International People Moves details appointments at Arch Insurance International, Beazley, and Aon Reinsurance Solutions. A summary of these new hires follows here. Arch Insurance Int’l Names Lockton’s Stallard as Cargo U/W Arch Insurance International announced the appointment …
Read More Indonesia’s Deadly Soccer Stampede Blamed on Locked Doors, Steep Stairs
Locked stadium doors were a key reason why an Indonesian soccer riot turned so deadly, President Joko Widodo said on Wednesday, ordering an urgent review of safety in stadiums and suggesting that the sport’s governing body FIFA could help fix …
Read More Gallagher’s Pen Underwriting Agrees to New Capacity Deal With Aviva
Pen Underwriting, the London-based managing general agent and Arthur J. Gallagher subsidiary, announced a new multi-year strategic partnership with Aviva in support of its personal lines and property owners’ business, which will see Aviva providing capacity for over £100 million …
Read More CFC Launches Innovation Hub in London
CFC, the specialist managing general agent, announced the launch of a dedicated Innovation Hub. Located in new premises on Whittington Avenue in the City of London, CFC’s Innovation Hub will act as CFC’s research and development center supporting over 100 …
Read More After Ian Swamped His Office and Home, Florida Insurance Agent Picking Up the Pieces
John Gardner this week found himself in a position no insurance agent would like to be in: no office to work in, no electrical service and no internet, but with hundreds of policyholders clamoring to file claims. And nearby, his …
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