Posts by Hometown Insurance

More than 30 insurers that have paid an estimated $39 million in lost cargo claims and cargo owners without insurance have asked the courts to seize and sell the Japanese vessel ONE Apus to cover their claims. The insurers say …

A landslide triggered by record rainfall significantly damaged three homes, prompted the evacuation of about a dozen residents and caused power outages in downtown Juneau, Alaska’s capital city. Geological assessment teams determined that favorable weather has returned the threat level …

Hurricane Ian continued to churn through central Florida Thursday morning, leaving widespread flooding and wind damage in its wake. It was too early to know the extent of property insurance claims from the storm, although a few analysts and officials …

This edition of International People Moves details appointments at Canopius and Gallagher Re. A summary of these new hires follows here. Canopius Names WTW’s Maitra as Group Head of Sustainability Canopius Group, the global specialty re/insurer, announced the appointment of …

Optio Group, the London-based specialty managing general agent (MGA), announced it will launch an MGA and reinsurance broker in Dubai, subject to final approvals from the UAE regulatory authorities. Both businesses are expected to be operational by Jan. 1, 2023, …

Footballers are getting injured more frequently across Europe’s top divisions, according to research from an international insurance broker, as the sport prepares for a period of intense fixture congestion. The number of injuries in Europe’s five biggest leagues rose 20% …

Ian was downgraded to a tropical storm as it continued to move northeastward across central Florida, with a massive and deadly surge of water and catastrophic winds that are poised to make it one of the costliest storms in US …

Britain’s Financial Conduct Authority (FCA) told banks and insurers on Thursday to do more to help customers struggling with a cost of living crisis as it investigates 40 banks for dragging their feet. Interest rates are increasing to quell decades …

Methane leaks have emerged as a top threat to the global climate, with the latest incident involving two Russian gas pipelines under the Baltic Sea that are at the heart of an energy crisis since Russia invaded Ukraine. Methane, the …

A new leak has been discovered on the Nord Stream 1 and 2 gas pipelines in the Baltic Sea, bringing the total number of ruptures to four, according to the Swedish Coast Guard’s Command Center. Gas has been bubbling up …