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Insurance

Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch

By Hometown Insurance | February 9, 2023
Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according to Fitch Ratings. “The vast majority of insured losses will be covered by reinsurance, but the amount ceded is likely …
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NFL Must Face Class Action Lawsuit Over ‘Sunday Ticket’ Prices

By Hometown Insurance | February 9, 2023
The National Football League (NFL) must face a $6 billion class action alleging it unlawfully limited televised games and drove up the cost of its “Sunday Ticket” package, a U.S. judge ruled on Tuesday. Sunday Ticket lets subscribers watch local …
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Quake Latest: More Than 16,000 Dead Across Turkey, Syria; Rescue Efforts Intensify

By Hometown Insurance | February 9, 2023
Thousands of foreign aid workers have arrived in Turkey to help rescue people from under the rubble and deliver urgent supplies to areas stricken by this week’s twin earthquakes. The death toll has surpassed 16,000 across Turkey and neighboring Syria, …
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Group of Institutional Investors Back Lawsuit Against Shell’s Board Over Climate Risk

By Hometown Insurance | February 9, 2023
A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions. ClientEarth, an environmental law charity turned …
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The Super Bowl Is Coming… Are Your Clients Planning Accordingly?

By Hometown Insurance | February 9, 2023
Hurts will try and put the hurt on Mahomes. The brothers Kelce will battle it out. The pregame show will last six hours. People will watch commercials they will actually remember. Rihanna at the half. Confetti and champagne at the …
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Granada Financial Agrees to Acquire Controlling Interest in Topa Insurance Group

By Hometown Insurance | February 9, 2023
Granada Financial Group said it has entered into a definitive agreement to acquire the controlling interest in Topa Insurance Group from long-time owner, Anderson Holdings. The transaction is subject to customary closing conditions, including regulatory approvals. While Granada will assume …
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People Moves: QBE North America Makes Key Executive Appointments

By Hometown Insurance | February 9, 2023
QBE North America Makes Key Executive Appointments QBE North America, based in New York, New York, has announced two key executive appointments. Rachel Pollack has been appointed chief people officer. Pollack joined QBE in 2008 and has held various roles …
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Brothers in Fraud: Carolina Insurance Agents Plead Guilty to Ponzi Scheme Charges

By Hometown Insurance | February 9, 2023
Two brothers, longtime insurance agents in Whiteville, North Carolina, are on their way to several years in prison after pleading guilty to running a Ponzi scheme that defrauded friends, family and other members of the community. “The level of greed …
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Swift Named VP at ATF Medical, a Workers’ Comp Rehab Equipment Supplier

By Hometown Insurance | February 9, 2023
Brendan Swift, recently with Elevance Health, has been named vice president for payer partnerships and marketing with ATF Medical, a national provider of rehabilitation equipment and housing solutions for the workers’ compensation industry. ATF, also known as After The Fall …
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Baltimore Orioles CEO, Brother End Legal Fight Over Team

By Hometown Insurance | February 9, 2023
Baltimore Orioles CEO John Angelos and his brother Lou have agreed to end their fight over a lawsuit in which Lou accused John of seizing control of the team in defiance of their father Peter’s wishes. Lou Angelos sued John …
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