Posts by Hometown Insurance

Finland’s unbroken streak as the world’s happiest country continued for an eighth year while the US fell to 24th place, its lowest-ever level in the global ranking. Denmark, Iceland, Sweden and the Netherlands rounded out the top five in the …

People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Amy Barnes as global head of Energy & Power, effective immediately. Based …

A federal criminal complaint was unsealed today charging the Director of United States Customs and Border Protection’s (CBP) Center for Excellence and Expertise over Automotive and Aerospace Engineering with engaging in a scheme to defraud the Federal Emergency Management Agency …

Swiss Re is selling its entire 10.05% stake in Definity Financial, the Canadian property/casualty insurer, for C$655 million ($458.1 million) — a decision the reinsurer made after a review of its investment portfolio. On March 19, Swiss Re was due …

Greenpeace used malicious and deceptive tactics to disrupt the controversial Dakota Access Pipeline and keep it from going forward, an attorney for the company behind the project said Monday. But attorneys for the environmental advocacy group said during their closing …

CRC Group, an independent wholesale specialty insurance distributor in North America, announced the acquisition of Risk Transfer Partners (RTP), a casualty-focused wholesale brokerage business. This strategic acquisition enhances CRC’s capabilities and market reach, particularly in the construction, energy, environmental, and …

Crispin Odey was fined £1.8 million ($2.3 million) and banned by the UK’s financial regulator for showing a “reckless disregard” for governance at his former investment fund. The Financial Conduct Authority said in a statement Odey’s conduct demonstrated that he …

A former strip mall mogul was sentenced to five years in prison for orchestrating a fake WeWork Inc. takeover bid to profit from stock options he bought just before the company’s November 2023 bankruptcy filing. Jonathan Larmore, sentenced on Tuesdayin …

Extreme weather last year including typhoons, heatwaves and flooding led to the biggest displacement of people since 2008, and exacerbated a food crisis in more than a dozen countries, according to a report. Tropical cyclones were responsible for many of …

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …