Posts by Hometown Insurance
People Moves: Boroughs Named Chubb Group Vice Chairman, Hogan Succeeds Boroughs as Investment Officer; Cushing Named Head of Construction at Zurich NA
Boroughs Named Vice Chairman, Chubb Group; Hogan Succeeds Boroughs as Chubb Group Chief Investment Officer Chubb Limited, with U.S. headquarters in Warren, New Jersey, named Tim Boroughs vice chairman, Chubb Group and executive chairman, asset management. Chris Hogan has been …
Read More More Tornadoes Plow Through Central US, Leaving Thousands Without Power
More tornadoes plowed through the central U.S. on Monday and thousands were without power as people from Texas to Kentucky continued to clean up from days of severe weather that killed more than two dozen people and destroyed thousands of …
Read More Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
Driverless vehicle developer Aurora Innovation Inc. is putting a human back in front of the wheel of big rigs operating in Texas, reversing course less than three weeks after the company began commercial autonomous service there. The decision to move …
Read More APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims
The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry’s response to claims following hurricanes Milton and Helene. “The vast majority of claims from Hurricanes Milton and Helene have been settled, …
Read More Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million
Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million) for breaching rules designed to protect users’ personal data, the authority said on Monday. Launched in 2017, San Francisco-based startup …
Read More EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears
EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for the firm’s administrators described as disgraceful auditing, at the start of a roughly $3 billion London trial on Monday. The …
Read More EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil
The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday. …
Read More Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives
Motion Specialty has been approved as a Lloyd’s of London coverholder, founded by former Hiscox executives Dan Alpay and Alex Kickham. The business writes on behalf of Lloyd’s Syndicate 1301, managed by Inigo Ltd., and is supported by Johnson and …
Read More Train Strikes Family on Ohio Railroad Bridge, Killing 3
Two women and a 5-year-old girl died after a train struck the family members while they were on a railroad bridge over a northern Ohio river, authorities said Monday. Crews equipped with sonar had been scouring the Sandusky River through …
Read More Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
A federal jury awarded $405,083 to a veteran in a disability discrimination case against a St. Petersburg, Fla. senior living facility and its operating companies, the U.S. Equal Employment Opportunity Commission (EEOC) announced. According to the EEOC’s suit, The Princess …
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