Posts by Hometown Insurance
West Virginia Coal Miner Found Dead in Flooded Mine
The body of a coal miner was found inside a mine in southern West Virginia, four days after the stretch of mine was flooded when crews hit an unexpected pocket of water, officials said. It’s the third death this year …
Read More People Moves: Rugge Named Chief Actuary at Selective as Senia Plans Retirement
Selective Insurance, headquartered in Branchville, New Jersey, named Nathan Rugge as executive vice president, chief actuary. Rugge, who currently serves as senior vice president, chief corporate actuary, reserving, will assume the role following the retirement of Executive Vice President Vincent …
Read More Chubb Launches AI-Powered Embedded Insurance Engine in ‘Chubb Studio’
Chubb on Wednesday announced the debut of a new artificial intelligence-powered optimization engine within Chubb Studio, its global technology platform for embedded insurance distribution partnerships. The new capability uses proprietary AI to analyze data and deliver personalized insurance offerings at …
Read More People Moves: Markel Int’l Promotes Davies as MD of Newly Created London Mkt Business; Lockton Re Taps Aon’s Khan as Head of Property Innovation & Solutions
This edition of International People Moves details appointments at insurer Markel International and broker Lockton Re. A summary of these new hires follows here. Markel International Promotes Davies as MD of Newly Created London Mkt Business Markel Insurance, the insurance …
Read More UK’s Aviva Targets More Savings After Direct Line Takeover
British insurer on Thursday set itself new financial targets including nearly doubling cost savings from its combination with Direct Line, as CEO Amanda Blanc looks to convince investors the enlarged firm can deliver. The company said it would target growth …
Read More Zurich Insurance Invests $170 Million Into APAC Private Debt
Zurich Insurance Group AG has selected Australia as the first market for its private credit strategy in Asia-Pacific, awarding a $170 million mandate as it seeks opportunities to invest in local assets. The insurer assigned the mandate to an Australia-based …
Read More Markets/Coverages: ShoreOne Offers Combination Home, Flood Policy in Rhode Island
ShoreOne Insurance Managers, Inc. has officially launched its residential homeowners policy with full flood insurance protection in Rhode Island. This coverage combines both home and flood insurance under one policy—with one deductible and one claims process. The product, already available …
Read More Australia Watchdog Warns Private Credit With Tougher Action
Australia’s corporate regulator is threatening more aggressive legal action against private credit funds that fail to protect investors, as the A$200 billion ($131 billion) industry continues to expand. The Australian Securities & Investment Commission’s deputy chair, Sarah Court, will announce …
Read More Oklahoma Pharmacies to Pay $157K Over Unauthorized COVID-19 Test Billing
Multiple Oklahoma pharmacies have agreed to pay $157,000 to settle allegations that they billed the Oklahoma Medicaid Program, SoonerCare, for hundreds of unauthorized over-the-counter COVID-19 tests. Apothecary Pharmacy, Cornwell Pharmacy, Cushing Family Pharmacy, R.T.’s Family Discount Pharmacy, Foster Corner Drug, …
Read More London’s Rich Come to Grips With Flood Risk on Their Doorstep
As London struggles to adapt to the reality of more frequent and powerful floods, its wealthier corners are emerging as some of the most at risk. Last month in the affluent London neighborhood of South Hampstead, homeowners packed a community …
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