Posts by Hometown Insurance

Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses over the next 12 months, according to new research by Marsh McLennan. The findings come from Marsh’s UK Business Risk …

Whitehaven Coal Ltd., one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to take on the risk. The development follows Sydney-based Whitehaven’s $3.2 billion purchase of …

In the arid highlands near the town of Vergèze in southern France, the sun beats down on a small stone house as the buzz of cicadas fills the air. Until a few months ago, beneath this tile-roofed structure, a pump …

Britain’s decade-long economic downward spiral could be reversed with a fresh appetite for risk that might help boost annual investment by a required 100 billion pounds ($131 billion) over the next decade, a leading think tank said on Friday. In …

Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines Zurich North America hired Nora Hattauer as head of financial lines for Zurich’s U.S. national accounts and middle market businesses. Hattauer officially starts her role at Zurich on Oct. 21. Based …

One of the UK’s top insurers is accused of using a team of “recruiting sergeants” to poach talent from a rival that led to mass resignations in Brazil and London. Aon UK Ltd. sued Howden Group Holdings Ltd. in the …

Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider. Coalition published its 2024 Cyber Claims Report: Mid-Year Update, which details emerging cyber trends and their impact on …

Climate change was a key driver of the devastating impacts of Hurricane Helene, a group of scientists said this week. Hurricane Helene made landfall as a Category 4 major hurricane west-southwest of Perry, Taylor County, Florida on Sept. 27, with …

A state investigation found that Anaheim Marriott hotel violated California’s worker recall law, resulting in estimated damages for the violations of $12.5 million. The damages will go to 28 workers who were laid off during the pandemic and were reportedly …

A former insurance broker has pleaded guilty to a number of charges including insurance fraud for collecting premiums without placing coverage. Karen Marie Dondanville, 56, a former broker from Mission Viejo, pleaded guilty to 90 counts including grand theft auto, …