Posts by Hometown Insurance
Gallagher Denied Restraining Order Against Alliant
District Court Judge Martha M. Pacold has denied Arthur J. Gallagher’s request for a temporary restraining order against rival Alliant Insurance Services as part of a lawsuit Gallagher filed against Alliant alleging employee and client stealing. According to a docket …
Read More AM Best Revises Mid-Hudson Group Outlooks to Negative, Affirms Ratings
AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative Insurance Co., Midrox Insurance Co. and Mid-Hudson Co-Operative Insurance …
Read More Providence Police Seek to Fire Officer After Video Shows Excess Force
A Rhode Island police department is seeking to fire an officer after video showed him smashing a handcuffed man’s face into the pavement during a fireworks celebration on Fourth of July weekend. The Providence Police Department said Friday that Capt. …
Read More Jury Acquits Truck Driver in 2019 New Hampshire Crash That Killed 7 Motorcyclists
A jury on Tuesday acquitted a commercial truck driver of causing the deaths of seven motorcyclists in a horrific head-on collision in northern New Hampshire that exposed fatal flaws in the processing of license revocations across states. Volodymyr Zhukovskyy, 26, …
Read More Zurich Insurance Reports 25% Increase in H1 Operating Profit, Beating Expectations
Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher. Europe’s …
Read More Iowa Metal Manufacturer Settles $500,000 False Claims Act Lawsuit
A southwest Iowa company that makes metal castings used by military contractors in helicopters and other equipment has reached a settlement in a lawsuit alleging the company failed to test the castings and falsely certified test results over seven years. …
Read More UK’s Aviva Gives Lower-Paid Staff £1,000 to Help Pay Soaring Energy Bills
UK insurer Aviva Plc is the latest financial firm to give some of its staff a one-time payment to help them with the cost-of-living crisis. Around 7,000 of Aviva’s lowest-paid employees were told last week they will get a payout …
Read More BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows here. BHSI Launches Exec & Professional Lines in Switzerland, Led by Kammermann …
Read More Historic Drought, Low River Levels Threaten to Cripple Trade Across Europe
In the midst of an arid summer that set heat records across Europe, the continent’s rivers are evaporating. The Rhine — a pillar of the German, Dutch and Swiss economies for centuries — is set to become virtually impassable at …
Read More Higginbotham Adds Another with Acquisition of Holman in Georgia
Higginbotham, an independent insurance and human resources firm, has kept up its pace of steady growth with the recent acquisition of Georgia-based Holman and Co., a broker of commercial and personal lines property and casualty insurance and benefits. Employee-owned Higginbotham, …
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