Posts by Hometown Insurance
Majority of Striking New York Nurses Announce Tentative Deal With Hospitals
Two-thirds of nurses who walked out of major hospitals in New York City a month ago have reached preliminary agreements with their employers and may end the strike this week, the union representing 15,000 striking nurses said on Monday. The …
Read More Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance
Online insurance agent Insurify said it has launched a ChatGPT app to allow consumers to compare and shop for insurance. Insurify said the app is the first insurance app in OpenAI’s directory. “Shopping for car insurance has traditionally been time-consuming, …
Read More Insurance Broker Stocks Sink as AI App Sparks Disruption Fears
US insurance broker stocks were pummeled Monday as the launch of an artificial intelligence tool from privately held online insurance shopping platform Insurify sparked fears about the industry facing disruption. The S&P 500 Insurance index closed down 3.9%, in its …
Read More Singapore Says Cyber Espionage Group Targeted Telco Infrastructure
Singapore’s four telecom companies, Singtel, StarHub, M1, and Simba Telecom, were targeted by cyber espionage group UNC3886 in attacks last year, Singapore’s Cyber Security Agency said on Monday. The agency said the hackers were able to penetrate and gain access …
Read More S. Korea Blames Coupang Data Breach on Management Failure, Not Sophisticated Attack
South Korean officials blamed a massive data leak last year at Coupang on management failure, rather than a sophisticated cyberattack, and urged the e-commerce giant to fix vulnerabilities in its security systems. Announcing the first findings of a government-led probe, …
Read More Markets/Coverages: MGA Helix Launches London Property Offering With PartnerRe
Helix Underwriting Partners Bermuda, the multi-line independent managing general agent, announced the launch of its London property offering, Helix International, which has been trading since the start of the year, in partnership with PartnerRe Insurance Programs. The program provides capacity …
Read More China’s Nio Recalls Record 246,229 Cars Over Software Problem
China’s Nio is recalling 246,229 vehicles due to a software issue that poses safety hazards, marking the largest recall by a homegrown electric vehicle maker. The recalled EVs include models ES8, ES6 and EC6 and were manufactured between March 16, …
Read More Methven to Succeed Millaire as CyberCube CEO
CyberCube has named Chris Methven its new CEO, replacing Pascal Millaire, who has been the leader of the cyber risk modeling and analytics company since it has operated as a standalone company. Methven has been Cyber Cube’s chief growth officer …
Read More People Moves: Verisk Names Kauderer President of Claims Solutions; Lang Joins CRC to Head Carrier Management
Verisk, headquartered in Jersey City, New Jersey, named Steven Kauderer president of its claims solutions business. He reports to Lee Shavel, president and CEO of Verisk. Most recently, Kauderer was a senior partner at EY-Parthenon, where he built and led …
Read More Schwebach: Impact of Florida Reforms ‘Undeniable,’ Reinsurance Should Drop Again
Adam Schwebach, broker and head of property for North America at Gallagher Re, the global reinsurance broker, last week sat down for an interview with Insurance Journal. The discussion came on the heels of Gallagher Re’s annual Florida broker summit, …
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