Posts by Hometown Insurance
Charlie Javice Duped JPMorgan Out of $175 Million. The Bank is Picking Up Her Legal Tab
JPMorgan Chase & Co. was hit with $115 million in lawyers’ bills for Charlie Javice and a second executive convicted of defrauding the bank, yet another twist in a years-long legal saga that’s captivated Wall Street. The defense tab, revealed …
Read More People Moves: Arch Insurance Int’l Taps Beazley’s Reid as Head of Business Solutions; Allianz Commercial Promotes Raven as Head of Large Corporate Liability in UK
This edition of International People Moves details appointments at Arch Insurance International and Allianz Commercial. A summary of these new hires follows here. Arch Insurance Int’l Taps Beazley’s Reid as Head of Business Solutions Arch Insurance International announced the appointment …
Read More Fire at Ford Supplier in New York to Disrupt Business for Months, WSJ Reports
A fire that broke out at Novelis’ New York plant in Oswego will disrupt business at Ford and other automakers for months, the Wall Street Journal reported on Monday. Ford, the biggest user of the plant’s aluminum, will likely flag …
Read More US Supreme Court Allows Order Forcing Google to Make App Store Reform
The U.S. Supreme Court declined on Monday to halt key parts of a judge’s order requiring Alphabet’s Google to make major changes to its app store Play, as the company prepares to appeal a decision in a lawsuit brought by …
Read More Captain of Oil Tanker Linked to Russia’s Shadow Fleet Will Face Trial in France
The captain of an oil tanker that authorities in France have detained off the country’s Atlantic coast and which President Emmanuel Macron has linked to Russia will go on trial in February over the crew’s alleged refusal to cooperate, a …
Read More EU Restricts Use of ‘Forever Chemicals’ in Firefighting Foams
The European Commission said on Friday it was restricting the use of substances known as PFAS, or “forever chemicals,” in firefighting foams, marking a step towards the EU’s objective to minimize the use of PFAS in consumer goods. PFAS, or …
Read More Jaguar Land Rover Bailout Shows Rising Cost of Cybercrime
Navarro Jordan ordered his Land Rover Defender in August. On Aug. 15, Jordan, who lives in Los Angeles, got a notification that it had been assembled, and soon after, that it was ready and waiting to be shipped. Then the …
Read More People Moves: Keebler, Justice Join CFC’s New US-Based Cyber Development Team
CFC, with U.S. headquarters in New York City, created a new U.S.-based cyber development team and appointed leadership. John Keebler joins the business as its new national cyber development leader, USA, based in Chicago, Illinois. Working closely with CFC’s U.S. …
Read More US Tariffs on Heavy Truck Imports to Begin Nov. 1, Says Trump
President Donald Trump said 25% duties on medium- and heavy-duty trucks would begin Nov. 1, the latest expansion of his tariff regime aimed at protecting domestic industries. The proposal has been subject to an intense lobbying campaign by Detroit’s legacy …
Read More Viewpoint: How Transactional Risk Insurance Became Essential for M&A Certainty
Mergers and acquisitions (M&A) are rarely simple. Even in buoyant deal environments, uncertainties around valuation, regulatory approval, or contingent liabilities can derail negotiations at the eleventh hour. Over the past decade, transactional risk insurance has moved from being a niche …
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