Posts by Hometown Insurance
People Moves: Everest Appoints Global Atlantic’s Co-Founder Levine to Board of Directors; AEGIS London Taps QBE’s Yuile as International Casualty Underwriter
This edition of International People Moves details appointments at Everest Group and AEGIS London. A summary of these new hires follows here. Everest Appoints Global Atlantic’s Co-Founder Levine to Board of Directors Everest Group Ltd., the Bermuda-based property, casualty, and …
Read More Markets/Coverages: Miller Launches Property Smart-Follow Facility
Miller, the London-based specialist re/insurance broker, has unveiled MillerBoost, a new property smart-follow facility designed to help brokers and their clients move faster and with more conviction in a rapidly evolving market. Powered by InsurX’s frictionless trading infrastructure and offering …
Read More Firefighters Battle Major Wildfire on Greek Island of Chios, With Evacuations Ordered
Greek authorities sent new evacuation notifications for two areas near the main town of the eastern Aegean island of Chios Monday morning, as firefighters struggled to control a major wildfire raging on the town’s outskirts for a second day. The …
Read More Coal Loophole Undermines Bank Pledges to Cut Fossil Fuel Funding
In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very different sets of rules. Thermal …
Read More Escalating Hormuz Tensions Drive Up Middle East War Risk Insurance Costs: Sources
U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday. War risk insurance premiums for shipments to the …
Read More Tokio Marine Hunts for Deals Abroad, Sees Room for Growth in US
Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan’s largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive officer said. “We want to expand in countries other than the US for …
Read More Travelers Subsidiary Ordered to Pay $44M in Missouri Wrongful Conviction Case
A man won $11 million in a lawsuit against police after his conviction for killing a Missouri newspaper’s sports editor was overturned, but the city’s former insurer resisted paying most of it for almost three years. A Missouri judge this …
Read More Ford Recalls Nearly 200,000 Mustang Mach Es Due to Faulty Door Latches
Ford Motor Co. is recalling nearly 200,000 electric Mustangs because the door latches could falter, potentially trapping passengers in the back seat. The National Highway Traffic Safety Administration said Dearborn, Michigan-based Ford is recalling 197,432 Mustang Mach E midsize SUVs, …
Read More Western Digital Convinces Judge to Throw Out $552.7M Patent Award
Data storage provider Western Digital has convinced a California federal judge to reduce a $552.7 million award against it in a patent dispute over data encryption to just $1, according to a court order made public on Monday. U.S. District …
Read More 5 Taken to Hospital in NC After Flight From Miami Hits Turbulence
Five people were taken to a North Carolina hospital after a flight from Miami hit turbulence Sunday night, officials said. Fire and rescue crews responded to the flight after it arrived at Raleigh-Durham International Airport around 11:30 p.m. and brought …
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