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Insurance

This Week’s Travelers PGA Event Attracts Top Golfers; Proceeds Go to Charities

By Hometown Insurance | June 18, 2024
The Travelers Companies is marking its record 18th year as title sponsor of its Professional Golf Association (PGA) Tour event at TPC River Highlands in Cromwell, Connecticut. The 2024 Travelers Championship tournament is a PGA Tour Signature Event and the …
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Fire at Carrie Underwood’s Tennessee Home Limited by Her 10,000-gallon Water Tank

By Hometown Insurance | June 18, 2024
A fire at country music star Carrie Underwood’s Nashville-area home was limited to the garage, thanks in part to a 10,000-gallon water tank on the property. USA Today and local news outlets reported that an all-terrain vehicle sparked a fire …
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Zurich Insurance to Sell Downtown Madrid Offices for About €100 Million

By Hometown Insurance | June 18, 2024
Zurich Insurance Group agreed to sell its iconic office building in downtown Madrid to a Spanish investment fund for about €100 million ($107 million), underscoring the robust demand for real estate in the city. Investment firm Besant Capital has made …
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Markets/Coverages: ANV Expands Transactional Risk Offering to the U.S.

By Hometown Insurance | June 18, 2024
Specialty risk insurance managing general agent ANV Global Services, Inc. said it has launched its transactional risk insurance (TRI) program in the United States. The new ANV unit will be led by Colin Addy and Greg Conroy, who previously held …
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EV Startup Fisker Files for Bankruptcy, Aims to Sell Assets

By Hometown Insurance | June 18, 2024
Fisker filed for bankruptcy protection late on Monday, as the U.S. electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after burning through cash in an attempt to ramp up production of its Ocean SUVs. …
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Stellantis Recalls Over 1 Million Vehicles For Rearview Camera Issue

By Hometown Insurance | June 18, 2024
Chrysler parent Stellantis is recalling 1.16 million vehicles in North America over a problem with software that is preventing rear view cameras from displaying, raising the risk of a crash, the automaker said Tuesday. The over-the-air software update recall includes …
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Vantage Group Chairman and Former Arch CEO Iordanou Dies

By Hometown Insurance | June 18, 2024
Constantine “Dinos” Iordanou, the chairman of Vantage Group Holdings and former chairman and chief executive officer of Arch Capital Group Ltd. has died. Described as “an industry legend,” as well as “a remarkable businessman, generous philanthropist, and devoted family man” …
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Greencore Recalls Sandwiches, Wraps, Salads Amid E. Coli Concern

By Hometown Insurance | June 18, 2024
Convenience foods manufacturer Greencore Group is recalling a variety of products because of concerns over possible contamination with E. coli. The recall involves various sandwiches, wraps and salads sold at major retailers including Aldi, Asda, Boots, Morrisons and Sainsbury’s, according …
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Potential Tropical Storm in Southern Gulf of Mexico Gathers Strength

By Hometown Insurance | June 18, 2024
Tropical storm watches have been posted along the Texas and Mexican coasts as a low-pressure system gathers strength in Bay of Campeche at the southern end of the Gulf of Mexico and threatens heavy rain across Central America, the US …
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Dredger That Hit Tanker Reported Sudden Loss of Control; Oil Spill Cleanup Ongoing

By Hometown Insurance | June 18, 2024
Singapore authorities said Monday a dredger boat reported a sudden loss in engine and steering control that led it to hit a stationary cargo tanker, causing an oil spill that has blackened part of the city-island’s southern shores. The Netherlands-flagged …
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