Posts by Hometown Insurance
Denver Group Lands NWSL Team for $110M Expansion Fee, Owners Include IMA and Parsyl Execs
The NWSL’s 16th team is headed to Denver for a record $110 million expansion fee, Sportico.com reported. It’s more than double the previous NWSL record for new teams and the largest expansion fee ever in U.S. women’s sports. Groups from …
Read More People Moves: AXIS Taps Chubb’s Farrup to Lead Global Mkts, Succeeding Gregory; Agile’s Lloyd’s Syndicate Hires AXA XL’s Hughes for London Marine Operation
This edition of International People Moves details appointments at AXIS Capital Holdings and Agile Insurance Group. A summary of these new hires follows here. AXIS Appoints Chubb’s Farrup as Head of Global Markets, Succeeding Gregory AXIS Capital Holdings Ltd. announced …
Read More CFPB Sues Walmart, Scheduling Platform for Alleged Illegal Pay Practices for Gig Drivers
The Consumer Financial Protection Bureau has sued Walmart and work scheduling platform Branch Messenger for allegedly forcing delivery drivers that are part of the discounter’s gig program to use costly deposit accounts to get paid and mispresented how they could …
Read More Drivers Skid and Crash as Wintry Mix Blasts Central US
Road conditions were deteriorating over the weekend in the central U.S. as a winter storm brought a mix of snow, ice and plunging temperatures, with forecasts calling for the dreaded combo to spread eastward in the coming days. “Winter returned,” …
Read More Relation Acquires Illinois’ Forest
Relation Insurance Services acquired the assets of Forest Insurance Agency. The transaction went into effect on December 1, 2024; terms of the transaction were not disclosed. Specializing in personal and business insurance, Forest is based in Forest Park, Illinois. The …
Read More AM Best: Increasing Political, Terror Risk Could Lead to More Demand for Coverage
Authorities have said there is no evidence that the truck attack in New Orleans on New Year’s Day was directed by the Islamic State but the incident – as well as the same-day truck explosion outside a hotel in Las …
Read More Fire in Dallas Shopping Center Kills Hundreds of Animals
DALLAS (AP) — A fire that broke out at a shopping center in Dallas on Friday morning killed more than 500 animals, most of which were small birds, authorities said. The 579 animals in the pet shop at Plaza Latina …
Read More Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter
Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3% to 7.2%. Guy Carpenter defines rate on line (ROL) as the cost of reinsurance based on premium as …
Read More US Steel, Nippon Sue Biden Administration Over Decision to Block Merger
U.S. President Joe Biden violated the Constitution by blocking Nippon Steel’s $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday. The companies want the federal …
Read More Deadly Accident Has Hawaii Officials asking to End Amateur Fireworks Shows
In recent years, occasions large and small — parties, Super Bowls, mixed martial arts fights, even Thanksgiving — have provided a reason for residents across Hawaii to set off illegal fireworks. The increasingly sophisticated displays, loved by some and loathed …
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