Posts by Hometown Insurance

A federal jury has awarded $49.5 million to the family of a 24-year-old global nonprofit worker killed in the 2019 crash of a Boeing 737 Max jet in Ethiopia while traveling to her first major assignment. The verdict, reached last …

The World Bank has priced a new catastrophe bond designed to help Jamaica cope with the threat of hurricanes. The $200 million bond was oversubscribed by investors, the World Bank said in a statement. The deal comes less than a …

Starr, the New York City based insurance group, announced the opening of a new office in Hamburg, marking the further expansion of Starr’s presence in Germany and representing an important milestone in the company’s European growth strategy. The new office …

Pollution from coal-fired power plants that can block sunlight is significantly cutting global solar output, and potentially causing an overestimation of climate progress, according to a new study. Aerosols — tiny particles released from the burning of fossil fuels as …

The Strait of Hormuz remains effectively closed to commercial shipping, with maritime traffic reduced to a trickle and dominated by Iranian-linked vessels. There were few notable foreign-affiliated movements amid reports of Iran’s Bitcoin-backed insurance program for shipping companies willing to …

Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace “lower-value human capital” with technology, becoming one of the top names in finance to target headcount cuts using artificial intelligence. The London-headquartered …

The Insurance Industry Charitable Foundation (IICF) announced the appointment of LoriAnn V. Lowery-Biggers as CEO. Lowery-Biggers brings more than 30 years of experience to the role, having previously served as president of Lloyd’s North America along with executive leadership positions …

Due to the rapid evolution of artificial intelligence, data, and analytics, brokers are gaining the ability to treat the risk of each client separately, said Ashley Karg of McGill and Partners. “There’s more opportunity for brokers to embrace individualizing our …

Corporations facing high-profile negligence lawsuits have been known to request a bench trial—held before a judge only and without the risks of plaintiffs’ lawyers playing on the emotions of a 12-person jury. But in West Virginia, the pharmacy benefits manager …

The numbers aren’t all in, but it looks like Progressive is now the biggest private passenger auto insurer, based on an analysis from S&P Global Market Intelligence that shows Progressive muscling past State Farm. S&P GMI estimates Progressive’s U.S. private …