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Insurance

AI-Powered Claims Specialist omni:us Closes €12M Financing Round

By Hometown Insurance | November 15, 2022
omni:us, the Berlin-based provider of artificial intelligence-powered insurance claims automation, has closed its €12 million ($12.4 million) Series A+ expansion financing round with W&W subsidiary Württembergische Versicherung, as well as existing investors. With this financing, the company plans to further …
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Families of California Mass Shooting Victims Splitting $8M Settlement

By Hometown Insurance | November 15, 2022
The families of nine people killed last year by a co-worker at a California rail yard will receive $8 million to settle damage claims filed last November, officials said. The agreement was reached with the families of eight of the …
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Goldman Sachs Paid Over $12M to Bury Partner’s Claim of Sexist Culture

By Hometown Insurance | November 15, 2022
Goldman Sachs Group Inc. paid out well over $12 million to a veteran executive who complained internally about a toxic workplace for women in the highest echelons of Wall Street’s most prestigious firm. The bank settled with the departing partner …
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People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines

By Hometown Insurance | November 15, 2022
This edition of International People Moves details appointments at Marsh, SCOR, and Chubb Global Markets, A summary of these new hires follows here. Marsh Names Adamantiadis as CEO, Continental Europe Marsh, the insurance broker and risk adviser, announced the appointment …
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Gallagher Acquires NC-based Intellectual Property Insurance Firm

By Hometown Insurance | November 15, 2022
The global insurance brokerage and consulting firm, Arthur J. Gallagher & Co., has acquired a North Carolina-based intellectual property insurance firm. PIUS, or Patent Insurance Underwriting Services, is considered a managing general agent. Its services allow clients to insure patented …
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16 Hurt When Semitrailer Strikes Bus Carrying Hockey Team in Indiana

By Hometown Insurance | November 15, 2022
Sixteen people have been injured, three critically, after a semitrailer collided with a bus carrying a youth hockey team from Chicago in northern Indiana, police said. Investigators believe alcohol was a factor in the collision and police arrested the semitrailer …
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Antares Bermuda Receives Approval From Lloyd’s to Write Business as Coverholder

By Hometown Insurance | November 15, 2022
Antares announced that Antares Global Management (Bermuda) Ltd. (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder. This will enable AGML Bermuda to write Lloyd’s business on behalf of Antares Syndicate 1274 from Bermuda, in …
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People Moves: Coppola New CUO at QBE; FlashFlood Names N.A. CEO; Liberty Mutual Hires in Energy, Construction

By Hometown Insurance | November 15, 2022
QBE North America Appoints Coppola Chief Underwriting Officer QBE North America has appointed Laura Coppola as chief underwriting officer. Coppola joins the company with more than 25 years of technical underwriting experience in property casualty insurance. Coppola is based in …
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Vintage Aircraft Collision at Dallas Air Show Kills 6

By Hometown Insurance | November 15, 2022
DALLAS (AP) – Two historic military planes collided and crashed to the ground in a ball of flames during a Dallas air show, leaving six people dead, officials said. National transportation officials were investigating the cause of Saturday’s collision, which …
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AI Algorithms, Strict Place-of-Work Rules Potential Trouble Spots for Employment Claims

By Hometown Insurance | November 15, 2022
SAN DIEGO — Technological innovations and changing work arrangements brought on by the COVID-19 pandemic are among some of the emerging issues that can make employers vulnerable to discrimination lawsuits, a top employment practices defense attorney said Thursday. Barry A. …
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