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Insurance

Judge Denies Google’s Motion to Dismiss Advertising Antitrust Case

By Hometown Insurance | April 28, 2023
A U.S. federal judge on Friday denied Google’s motion to dismiss a Department of Justice antitrust case focused on advertising technology. The government, which filed the ad tech lawsuit in January, has argued that Google should be forced to sell …
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Hub International Garners Investment From PE Firm Leonard Green

By Hometown Insurance | April 28, 2023
Hub International Limited (HUB) said it has entered into an agreement with private equity firm Leonard Green & Partners (LGP) for an expected “substantial” minority investment with HUB’s enterprise valuation of $23 billion. The valuation is the largest for a …
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SC Governor Elevates Wise to DOI Director Position

By Hometown Insurance | April 28, 2023
South Carolina’s governor has elevated acting insurance department leader Michael Wise to the position of director. Wise, who’s been with the Department of Insurance since 2009, was named acting director a year ago, after longtime director, Ray Farmer, retired. “Michael …
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Massachusetts Hospital Lacked Workplace Violence Protections, OSHA Judge Finds

By Hometown Insurance | April 28, 2023
A federal administrative law judge has determined that the manager of Fuller Hospital in Attleboro, Massachusetts exposed employees to workplace violence without adequate protections in 2019, particularly at times when hospital staffing was low. The ruling follows an inspection by …
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Federal Housing Aid to Help Rebuild From Kentucky Storms

By Hometown Insurance | April 28, 2023
An infusion of federal funding will help build hundreds of homes in Kentucky communities devastated by tornadoes and floods in 2021, Gov. Andy Beshear said Wednesday. Four counties hardest hit by the storms – Graves, Warren, Hopkins and Breathitt – …
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New York’s Yellow Cab Drivers Can’t Sue City Over Uber, Lyft Impact on License Values

By Hometown Insurance | April 28, 2023
New York’s top state court on Thursday threw out claims by yellow cab operators that New York City diminished the value of their taxi licenses by failing to rein in app-based competitors like Uber Technologies Inc and Lyft Inc. The …
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People Moves: Howden Appoints Marsh’s Howell for Multinational Client Practice; BMS Re Hires Soria as Head of New Business Solutions, Co-head of Casualty

By Hometown Insurance | April 28, 2023
This edition of International People Moves details appointments at Howden and BMS Re. A summary of these new hires follows here. Howden Appoints Marsh’s Howell for Multinational Client Practice Howden, the London-based international insurance broker, announced it has appointed Morwenna …
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Insured Losses for Southeast Australia Floods of October 2022 Rise to A$907M: PERILS

By Hometown Insurance | April 28, 2023
Insured losses for floods that hit Southeast Australia in October 2022 have risen to A$907 million (US$600.2 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This updated loss figure for the floods, which occurred …
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Markets/Coverages: Swiss Re, Insurtech Benekiva Partner to Offer L&H Claims Solution

By Hometown Insurance | April 28, 2023
Swiss Re Reinsurance Solutions has formed a strategic partnership with Benekiva to offer an end-to-end digital claims management solution. The solution combines Benekiva’s state-of-the-art claims administration system with Swiss Re’s Claims Automated Rules Engine and risk management expertise. The partnership …
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Mental Ill Health Drives Britain’s Crisis of Worker Sickness: Research

By Hometown Insurance | April 28, 2023
Mental ill-health is now the main cause of sickness absence from work in the UK, costing employers billions of pounds and holding back efforts to boost productivity, according to new research. In the final quarter of 2022, more than 85 …
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