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Insurance

People Moves: AXIS appoints Dejung as Global Cyber & Technology CUO; SiriusPoint Names 3 Key Leaders in Global Underwriting

By Hometown Insurance | March 5, 2024
This edition of International People Moves details appointments at Bermuda-based AXIS Capital Holdings and SiriusPoint. A summary of these new hires follows here. AXIS appoints Dejung as Global Cyber & Technology CUO AXIS Capital Holdings Ltd. announced the appointment of …
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Michigan Town to Pay $320K to Japanese Man Wrongly Accused of Drunken Driving

By Hometown Insurance | March 5, 2024
A Michigan village has agreed to a $320,000 settlement with a man from Japan who was wrongly accused of drunken driving after a police officer badly misread a breath test, court records show. Ryohei Akima blew a 0.02 on the …
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Hub International Acquires Pair of Michigan Agencies

By Hometown Insurance | March 5, 2024
Hub International Limited, a global insurance brokerage and financial services firm, announced that it has acquired A.S. Arbury and Sons, Incorporated (Arbury Insurance Agency) and the assets of Michelle L. Everett, Inc. (Michigan Insurance Associates). Terms of the transaction were …
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People Moves: Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in N. America; Sedgwick Names Liberty Mutual’s Fink as Chief Marketing Officer

By Hometown Insurance | March 5, 2024
Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in North America Lockton Re, the reinsurance business of independent insurance broker Lockton, announced that Brian Lewis has joined as senior broker leading the Cyber Practice for North America and …
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Markets/Coverages: Falvey Launches Commercial Output Insurance

By Hometown Insurance | March 5, 2024
Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial, and commercial sectors. Crafted by Falvey’s inland marine managing general agency (MGA), the …
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Federal Appeals Court Puts Florida’s ‘Stop Woke’ Act to Sleep as Speech Violation

By Hometown Insurance | March 5, 2024
Florida’s so-called “stop woke act,” championed by Gov. Ron DeSantis, violates businesses’ and employees’ First Amendment free speech rights, a federal appeals court ruled Monday in striking down the 2022 law. “This law, as Florida concedes, draws its distinctions based …
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Many Texas Panhandle Homes Burned in Wildfires Weren’t Insured

By Hometown Insurance | March 5, 2024
FRITCH — Many Panhandle residents whose dwellings and possessions burned in the region’s ongoing wildfires may never financially recover for one simple reason: Their homes weren’t insured. “A lot of the people who have lost a home had no insurance,” …
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Toyota Recalls 380,000 Trucks Over Axle Issue That Could Raise Risk of Crash

By Hometown Insurance | March 5, 2024
Toyota Motor said Friday it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles because an axle shaft …
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Lawsuit Claims Isolation and Abuse at Wyoming Boys School

By Hometown Insurance | March 5, 2024
Staff at Wyoming’s state youth detention facility locked juveniles in solitary confinement for weeks at a time, repeatedly buckled one in a restraint chair for up to 12 hours a day and poked fun at another while withholding the leg …
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Physician Group Asks US to Make Funds Available to Doctors Hurt by Change Hack

By Hometown Insurance | March 5, 2024
Influential U.S. doctors’ group the American Medical Association (AMA) on Monday asked the Biden Administration to make emergency funds available to physicians hurt by ongoing problems created by the hack of UnitedHealth’s Change Healthcare unit. The AMA said the cyberattack …
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