Posts by Hometown Insurance
New York City’s Last Striking Nurses Approve New Contract
Nurses at a big New York hospital system approved a new contract Saturday, voting to end a major nursing strike after more than a month. More than 4,000 nurses in the privately run NewYork-Presbyterian system went on strike Jan. 12. …
Read More Northeast State Under Emergency as Snow Falls Amid Blizzard Warning
New York, New Jersey, Connecticut and Massachusetts governors issued state of emergency orders and a halt to non-essential travel as a major storm was expected to bring up to 24 inches of snow and strong winds to the region. Around …
Read More Duffy Will Brief Congress Next Week on El Paso Shutdown
Transportation Secretary Sean Duffy said he will brief lawmakers on Capitol Hill next week about the temporary closure of airspace around El Paso, Texas, earlier this month. Duffy told reporters Friday that he stood behind the Federal Aviation Administration’s decision, …
Read More Insurtech Qumis Secures $4.3M Seed Round
Qumis, a lawyer-built AI-driven platform for commercial insurance coverage intelligence, announced a $4.3 million oversubscribed seed round led by MTech Capital, with new strategic investor American Family Ventures and participation from all prior investors. Total funding reaches $6.75 million. The …
Read More High Court Ruling on Trump Tariffs to ‘Ease Uncertainty,’ Says AM Best
AM Best said the U.S. Supreme Court’s ruling against President Donald Trump’s authority to impose sweeping tariffs will help to “ease uncertainty across the insurance industry.” “Managing through unknowns is a challenge to any industry and most observations and segment …
Read More Aon Promotes Fraccalvieri as CEO of Global Facultative Re, Succeeding Laing; Arch Insurance Int’l Promotes Hope, Mani to Key Underwriting Roles in D&O and FI
This edition of International People Moves details appointments at Aon plc and Arch Insurance International. A summary of these new hires follows here. Aon Promotes Fraccalvieri as CEO of Global Facultative Re, Succeeding Laing Insurance broker Aon plc announced that …
Read More Palantir Decamps to Miami Co-Working Space in Surprise Move
Palantir Technologies Inc.’s surprise announcement that it’s moving from Denver to Miami is even more surprising because, at least initially, it’s going to be anchored at a co-working space. A regulatory filing lists the company’s “principal executive offices” at an …
Read More Michigan AG Secures Judgment Against Construction Company
Michigan Attorney General Dana Nessel announced her office has secured a consent judgment against a Michigan construction company for accepting deposits for construction projects that were never finished and then failing to return the funds. Nessel filed a lawsuit last …
Read More Erie Insurance CEO NeCastro to Retire at Year End
Erie Insurance said Tim NeCastro, president and chief executive officer, will retire on Dec. 31 after 10 years leading the company. NeCastro, who was named CEO in 2016, led the company’s growth to nearly $13 billion in premium and more …
Read More OSHA Fines Alabama Utility Contractor $257,700 After Deaths of 3 Workers
The U.S. Occupational Safety and Health Administration this week fined an Alabama utility contractor $257,700, six months after three workers died from sewage gas while installing sewer lines. Construction Labor Services, based in Eight Mile, near Mobile, Alabama, failed to …
Read More