Posts by Hometown Insurance
Carolina Panthers Owner Proposes $82M to Creditors Over Failed Practice Facility
Carolina Panthers owner David Tepper’s real estate company has proposed to pay more than $82 million to creditors over an abandoned practice facility project in Rock Hill under a new plan proposed Thursday. The plan would require approval from courts …
Read More Bankruptcy Judge Clears Way for Defamation Case in Connecticut Against Alex Jones
A federal bankruptcy judge on Monday cleared the way for a defamation lawsuit in Connecticut to proceed against Infowars host and conspiracy theorist Alex Jones. The case was filed by relatives of some victims of the 2012 massacre at Sandy …
Read More Beazley’s Smart Tracker Syndicate 5623 Gets Lloyd’s ‘In Principle’ Approval
Beazley has been granted “in principle” approval from Lloyd’s to transition its Smart Tracker Special Purpose Arrangement (SPA) 5623 to a full syndicate with effect from the Jan. 1, 2023, subject to Lloyd’s agreement of the syndicate business plan and …
Read More Run-off Specialist Premia Completes Loss Portfolio Transfer With Hiscox
Premia Holdings Ltd., the Bermuda-based run-off specialist, announced that Premia Syndicate 1884 has entered into a loss portfolio transfer agreement with Hiscox Syndicate 33. The portfolio consists of a diverse mix of business underwritten by Syndicate 33 during years of …
Read More What the COVID-19 Digital Threat Landscape is Teaching Insurers Post-Roe
The digital threat landscape of the COVID-19 pandemic is teaching insurers and other companies some valuable lessons about digital privacy in the wake of the U.S. Supreme Court’s overturning of the 1973 Roe v. Wade decision. Aaron Tantleff, partner at …
Read More London Workers Could Save Money by Returning to Offices as Bills Soar: Research
City of London workers looking to save money may want to embrace the office over winter as the cost of working from home soars alongside energy bills. Those prepared to go into the office every day could save about £50 …
Read More Australia’s Extreme Climate Risks Threaten to Make Home Insurance Unaffordable
Australia’s mounting extreme weather events threaten to make home insurance premiums unaffordable for an estimated 1 million households. On average, Australians living in high-risk areas like northern Queensland pay A$3,000 ($2,100) in annual premiums, or double that of residents in …
Read More Federal Reserve Issues Guidance for Banks Considering Crypto Activities
The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is legally permitted. The Fed said in a statement that while …
Read More People Moves: Delleney Moves to Risk Partners; Gibson Joins Alliant
Greg Delleney, assistant captives director at the South Carolina Department of Insurance, has joined the capital management firm Risk Partners as captive account manager. Delleney began working for the SCDOI in 2010 and held a number of roles at the …
Read More Tennessee Private Prison Firm Settles Lawsuit After Inmate’s Death
A private prison company has agreed to settle a federal lawsuit over a Tennessee inmate’s killing that gained national attention after a judge ordered the plaintiff’s attorney to stop tweeting about it. Tennessee-based CoreCivic and attorney Daniel Horwitz, who represents …
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