Posts by Hometown Insurance
Arthur J. Gallagher & Co. Acquires Australia’s Via Financial Group
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered broker, announced the acquisition of Australia’s Via Financial Group Pty Ltd. Terms of the transaction were not disclosed. Based in Sydney, New South Wales, Via Financial Group provides financial planning, wealth …
Read More Brazil Seals $30 Billion Compensation Deal With BHP, Vale Over 2015 Dam Collapse
Brazil on Friday signed a 170 billion reais ($29.85 billion) compensation agreement with miners BHP, Vale, and Samarco for the Mariana dam collapse in 2015, one of the country’s worst environmental disasters. The collapse of the dam at the iron …
Read More Broker Insights’ ‘Decision Intelligence’ Officially Heads to the US
After building it business up in the United Kingdom, Broker Insights said it is ready to officially bring its commercial insurance placement analytics to the United States. For the last 12-18 months, Broker Insights has been preparing for its expansion …
Read More Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS
Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …
Read More US Investigating Breach of Telecoms by China-Linked Hackers
The US government said Friday it was investigating unauthorized access by Chinese state-affiliated hackers targeting the commercial telecommunications sector. The FBI and the Cybersecurity and Infrastructure Security Agency said they had identified specific malicious activity by actors affiliated with the …
Read More Universal, AmCoastal Report Some Costs from Helene, Milton for Q3
One of Florida’s largest property insurers and one of its smaller carriers reported losses at least partly related to Hurricane Helene, which landed just before the third quarter closed, and from Hurricane Milton, which struck less than two weeks later. …
Read More Lawsuits Claim Children Were Sexually Abused in Pennsylvania Juvenile Facilities
A set of lawsuits was filed last Wednesday by people who claim they were sexually abused inside Pennsylvania juvenile detention and treatment facilities, making more than 200 people to have launched such cases since May. The New York-based Levy Konigsberg …
Read More Report: California Auto Sales Leveling off, Tesla Sales Slip
New vehicle registrations in California seem to be leveling off, while consumer tastes for Telsas cooled slightly. California’s new light vehicle registrations fell by 1.7% from a year earlier, totaling 1,320,708 units, an outlook covering the first three quarters of …
Read More California Phlebotomy Lab and Owners to Pay $135K to Over Alleged False Claims for Blood Testing
A mobile phlebotomy lab and its owners have agreed to pay at least $135,000 to resolve False Claims Act allegations that they submitted false claims for services and associated travel mileage and paid kickbacks to a third-party marketer of the …
Read More NTSB: Chicago Train Operator Had Alcohol in His System During 2023 Crash
CHICAGO (AP) — Federal investigators say the operator of a Chicago commuter train that crashed almost a year ago had alcohol in his system but it wasn’t a factor in the incident. The Chicago Transit Authority train crashed into a …
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