Posts by Hometown Insurance
People Moves: MSIG Holdings USA Names Sullivan Board Chair; Chubb Promotes Gaspero to Oversee Excess Casualty Major Accounts
MSIG Holdings USA Names Sullivan Board Chair MSIG USA, headquartered in Warren, New Jersey, appointed Martin J. Sullivan, chairman by the board of MSIG Holdings (U.S.A.), Inc. With more than five decades of experience in insurance and financial services, Sullivan …
Read More Britain Wants Social Mobility But Private Schools Still Dominate
Despite increasing corporate efforts to hire from more diverse backgrounds, private school alumni remain dominant among the most powerful positions in British society, according to a sprawling new report on social mobility in the United Kingdom. New data from social …
Read More Meta Set to Face EU Finding it Failed to Police Illegal Posts
Meta Platforms Inc. is set to face a charge sheet from the European Union for failing to adequately police illegal content, risking fines for violating the bloc’s content moderation rulebook. The European Commission is preparing to issue preliminary findings saying …
Read More Amazon, FTC Reach $2.5 Billion Deal in Prime Subscription Case
Amazon.com Inc. agreed to pay $2.5 billion in penalties and refunds and change its process for how to cancel its Prime subscription to settle a lawsuit by the US Federal Trade Commission. The company will pay $1 billion in civil …
Read More Specialty Program Group Consolidates 5 Brands Under SPG Wholesale
Specialty Program Group LLC, an operator of specialty insurance distribution, underwriting, and consulting businesses, is consolidating its wholesale businesses under a single division called SPG Wholesale. Monarch E&S, Beacon Hill Associates, Specialty Wholesale Insurance Solutions (SWIS), Capitol Special Risk, and …
Read More Google Likely to Be Hit With First EU Antitrust Fine Under New EU Law, Sources Say
Alphabet’s Google is likely to be hit with its first fine under landmark new EU tech rules in the coming months, and the European Commission is now drafting its decision, three people with direct knowledge of the matter said. Acting …
Read More ZestyAI Gains Wisconsin Approval for AI Model Tackling Non-Weather Water Risk
ZestyAI, a provider of AI-powered property and climate risk analytics, announced that its non-weather water risk model, Z-WATER, has received approval in Wisconsin for use in underwriting and writing. With this approval, insurers in Wisconsin can begin using Z-WATER to: …
Read More Minnesota Cities Test Limits of State’s Cannabis Law, Exposing Legal Gray Areas
Whether it comes from courtrooms or the Capitol, Minnesota’s cannabis laws look in need of clarification in response to wide interpretations by cities. Local governments by law can cap the number of cannabis retailers, place restrictions on where businesses are …
Read More Starbase Will Take Partial Control of Beach Near SpaceX Launch Site
The new South Texas city established by Elon Musk’s SpaceX employees, Starbase, will assume control over certain parts of the beach near the rocket company’s launch site. Cameron County commissioners approved the agreement to hand over a portion of Boca …
Read More Deadly Shooting at Dallas ICE Hub Was ‘Targeted,’ FBI Say
A shooting at an Immigration and Customs Enforcement center in Dallas left one detainee dead and two others critically injured in what federal officials described as a “targeted attack” against the agency. Federal Bureau of Investigation Director Kash Patel tweeted …
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