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Insurance

UK’s FCA Hires More Than 150 Staff for Data Unit to Ramp Up Tech Capabilities

By Hometown Insurance | April 11, 2023
The UK’s Financial Conduct Authority hired more than 150 people into its Data, Technology and Innovation division in the past year as the regulator looks to ramp up its tech capabilities. The hires are part of FCA’s attempts to use …
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People Moves: Travelers Names Duncan President of Northfield; Kapoor SVP at NFP; Starr Insurance Hires Shannon Sr. Investment Officer

By Hometown Insurance | April 11, 2023
Travelers Names Duncan President of Northfield Excess & Surplus Travelers has named Marsh Duncan its new president of Northfield Excess & Surplus, a specialty division. Marsh will oversee Northfield’s current business while identifying new areas for growth. Before joining the …
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States Consider Ban on Cosmetics With ‘Forever Chemicals’

By Hometown Insurance | April 11, 2023
A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of synthetic, potentially harmful chemicals known as PFAS. In Vermont, the state Senate gave final approval this week to legislation that …
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J&J Talc Unit 2nd Bankruptcy Must Be Dismissed, Cancer Victims’ Lawyers Say

By Hometown Insurance | April 11, 2023
Johnson & Johnson’s renewed effort to resolve talc lawsuits through an $8.9 billion bankruptcy settlement must be dismissed as a “fraudulent scheme” that defies a court order rejecting the company’s previous attempt to settle the litigation, according to a court …
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Historic Building in Jacksonville to Become Affordable Housing Units

By Hometown Insurance | April 11, 2023
Construction is underway to build a new multifamily apartment community providing workforce housing in downtown Jacksonville. The Lofts at Cathedral at 325 and 327 E. Duval St., will include a total of 120 apartments. The project calls for the renovation …
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Wildfire Threat Grows as Florida Drought Worsens

By Hometown Insurance | April 11, 2023
The threat of wildfires is growing in Florida over the coming weeks as more than half the state is experiencing severe to extreme drought conditions likely to persist until rainy season resumes around mid-May, state and federal officials said Thursday. …
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Building Explodes and Collapses in Marseille, France

By Hometown Insurance | April 10, 2023
More than 100 firefighters worked against a ticking clock to extinguish flames deep within debris to save up to 10 people possibly buried after a building exploded and collapsed early Sunday in the French port city of Marseille. Interior Minister …
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DOJ: Unjustified Force, Bias Still Plague New Orleans Police

By Hometown Insurance | April 10, 2023
Unjustified use of force, dangerous vehicle pursuits and racially biased policing continue to be problems for the New Orleans Police Department, the U.S. Justice Department said in a Friday court filing, opposing the city’s move to terminate a decade-old court-backed …
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Nexus Acquires Majority Stake in Dubai-Based MGA, Spectrum Risk Management

By Hometown Insurance | April 10, 2023
Nexus Underwriting announced that it has completed the acquisition of a majority stake in Spectrum Risk Management, a specialist MGA headquartered in Dubai that focuses on marine and property insurance and reinsurance. This is the 16th acquisition for Nexus since …
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Ohio Food Plant Faces $1.9M in Fines After Worker’s Leg Amputation

By Hometown Insurance | April 10, 2023
While working the overnight sanitation shift at an Ohio food processing plant, a 29-year-old temporary worker – on the job just nine months – suffered critical injuries after falling into an industrial blender he was cleaning and became caught in …
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