Posts by Hometown Insurance
People Moves: HUB Int’l Names Mark Dutton as President for HUB Canada West; Von Mesterhazy Named Managing Director of Allianz UK Specialty, as O’Keeffe Retires
This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new hires follows here. HUB International Names Mark Dutton as President for HUB Canada West HUB International (HUB), the Chicago-based global …
Read More AI Used for Good and Bad — Like Making Trickier Malware, Says Report
While the insurance industry is quickly adopting AI technologies to improve the speed and accuracy of routine functions, analyze data and assess risk, malicious actors use the same tech to disrupt business and profit from cyberattacks. Recognizing the potential exposure …
Read More Disney Settles Suit Over Women’s Pay for $43 Million
Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs’ lawyers said in a statement on Monday. …
Read More EU Seeks to Streamline ESG Regulations Amid Growing Backlash
The next European Commission will urgently seek to streamline the bloc’s many environmental, social and governance rules, as it responds to complaints that excessive regulations are gutting industry competitiveness. Simplification will be at the center of the incoming commission’s work, …
Read More Insurer Says Pollution Exclusion Sinks Coverage for Pool Chemical Injuries
A commercial general liability policy with a pollution exclusion does not protect a Virginia homeowners association from lawsuits filed by swimmers alleging they were injured by chemicals discharged into the community pool. That is the argument made by Philadelphia Indemnity …
Read More Oak Reinsurance Gets Permission From Lloyd’s to Begin Underwriting in January
Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting business incepting from Jan. 1, 2025. This follows the approval in principle that was received in September 2024. OAK Re …
Read More Ransomware Hits Supply Chains Software Firm Blue Yonder
Blue Yonder, a provider of supply chain software to manufacturing, logistics, and retail customers said it has been working “around the clock” to address disruptions caused by a ransomware incident. Blue Yonder said it “experienced disruptions to its managed services …
Read More Striking Charlotte Airport Workers Could Affect Travel Plans This Week
Service workers at Charlotte Douglas International Airport, one of the nation’s busiest, went on strike this week just as the heaviest travel period of the year kicks off. News outlets reported that employees with ABM and Prospect Airport Services, who …
Read More Markets/Coverages: McGill, TMK and Convex Launch Trade Disruption Facility
McGill and Partners, the London-based global specialty insurance and reinsurance broker, has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex, offering limits of $95 million, led by TMK. This offering harnesses the …
Read More EU Proposes to Sanction Chinese Firms Aiding Russia’s War
The European Union is proposing to sanction several Chinese firms that it claims helped Russian companies develop attack drones that were deployed against Ukraine. The European Commission, the EU’s executive arm, is also looking into imposing restrictions on additional Russian …
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