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Insurance

Payment Gateway Slim ID Notifies 1.7M Cardholders of Hack

By Hometown Insurance | September 11, 2024
Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing the names, addresses, and credit card information of nearly 1.7 million individuals. The Coral Springs, Florida-based company that handles credit …
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Women Settle Lawsuits With Yale Fertility Clinic Over Nurse Who Stole Their Painkillers

By Hometown Insurance | September 11, 2024
Dozens of women who say they suffered excruciating pain at a Yale University fertility clinic because a nurse stole fentanyl for her own use and replaced it with saline have settled their lawsuits against the Ivy League school. Patients and …
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Four People From Connecticut Die in Small Plane Crash in Vermont

By Hometown Insurance | September 11, 2024
A small plane crashed in Vermont near an airport in Ferrisburgh, killing the four people on board, police said Monday. The Vermont State Police recovered the bodies from the wreckage of the four-seat, single-engine Piper aircraft that crashed Sunday in …
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Police Have Increased Use of Maine’s ‘Yellow Flag’ Law Since Mass Shooting

By Hometown Insurance | September 11, 2024
There has been a huge jump in law enforcement requests for Maine courts to allow guns to be seized from people deemed a danger to themselves or others since the deadliest mass shooting in state history, the governor said Friday. …
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Treaty Reinsurance Premiums in London Company Market Grew by 32% in 2023: IUA

By Hometown Insurance | September 11, 2024
Treaty reinsurance written in the London company market grew by almost one-third in 2023, with the sector generating premiums of £10.889 billion (US$14.2 billion), up from £8.248 billion ($10.8 billion) in 2022, according to the International Underwriting Association (IUA). The …
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Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds

By Hometown Insurance | September 11, 2024
Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a phenomenon that compounds other risk factors for urban flooding. Of the more than 1,000 cities around the world that the …
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Factories in Vietnam’s Export Hub May Face Weeks of Disruption After Typhoon Yagi

By Hometown Insurance | September 11, 2024
Typhoon Yagi severely damaged a large number of factories and flooded warehouses in northern Vietnam’s export-oriented industrial hubs, forcing plants to shut, with some expected to take weeks to resume full operations, executives said. The typhoon, the strongest in Asia …
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DBS Group Considers Forming Insurance Partnerships in India, Taiwan: Sources

By Hometown Insurance | September 11, 2024
DBS Group Holdings Ltd. is considering forming insurance partnerships in India and Taiwan to expand its services in the region, according to people familiar with the matter. The Singapore-based lender is working with Goldman Sachs Group Inc. as an adviser …
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Finland’s Sampo Secures Deal for Danish Insurer Topdanmark

By Hometown Insurance | September 11, 2024
Finland’s Sampo Oyj succeeded in pushing through an offer for Topdanmark A/S in its second attempt to gain control of the Danish insurer. The Finnish insurance company raised its holding in Topdanmark to about 92.6% of shares, based on a …
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People Moves: Rhodes Named Berkley Mid-Atlantic President; Korzon Succeeds Ryan at Lockton Northeast; Acrisure Appoints Farbel for Mid-Atlantic

By Hometown Insurance | September 11, 2024
R. Berkley Names Rhodes President of Berkley Mid-Atlantic Insurance Group R. Berkley Corp., headquartered in Greenwich, Connecticut, appointed Antonio Q. L. Rhodes as president of Berkley Mid-Atlantic Insurance Group, a Berkley company. Rhodes has nearly 20 years of experience in …
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