Posts by Hometown Insurance

President Joe Biden ratcheted up pressure on US port employers and shipping lines to restart talks with striking dock workers, warning that the unfolding strike could turn into a “man-made disaster.” Biden spoke about the strike that has shuttered every …

The fire that razed the historic Maui town of Lahaina last year was caused when Hawaiian Electric Industries Inc. re-energized broken utility lines that caused sparks to ignite unmaintained dry vegetation, the Maui Fire Department said. The blaze was a …

Maryland Gov. Wes Moore signed an executive order Tuesday that aims to transform 5,000 vacant properties in Baltimore into homeownership or other positive outcomes in five years. The order creates a program called Reinvest Baltimore. It will coordinate state, city, …

Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Silverflame Re, a new specialty reinsurance MGA. Silverflame Re will complement The Fidelis Partnership’s existing specialty reinsurance book, …

On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an unusual email had landed in his personal inbox. The message, which was also sent to the manager’s business email address, …

Kingfisher Insurance Services Ltd., the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland. Financial details of the transaction were not disclosed. As part of the acquisition, a new entity will be created called …

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of certain assets of the European managing general agent, Geo Underwriting Europe BV (Geo Europe), part of The Ardonagh Group. The deal was completed on Oct. …

The share of UK financial services firms worried about geopolitical risks is at its highest level since the 2008 crash, the Bank of England said. The BOE’s biannual systemic risk survey, which began during the financial crisis, said on Wednesday …

Typhoon Krathon crossed the southwest coast of Taiwan packing dangerous winds, with the storm leaving thousands of customers without power and shutting the stock exchange a second day. Krathon had maximum sustained winds of 126 kilometers (78 miles) per hour …

Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA AXAF.PA over jets retained in Russia since the 2022 invasion of Ukraine, raising the prospect of further deals as a London High Court “mega trial” kicked off. …