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Insurance

Kansas Man Sentenced to Probation for Insurance and Identity Fraud

By Hometown Insurance | January 14, 2026
Kansas Insurance Commissioner Vicki Schmidt announced a Sedgwick county man has been sentenced to 24 months of probation for insurance and identity fraud. Marquez Gails, age 43, pleaded guilty on January 9, 2026, in Sedgwick County District Court to one …
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People Moves: AXA XL Reinsurance Promotes Longbottom and Pedro; Matthias Appointed Global Head of Zurich Resilience Solutions, Succeeding De Nil

By Hometown Insurance | January 14, 2026
This edition of International People Moves details appointments at AXA XL Reinsurance and Zurich Insurance Group. A summary of these new hires follows here. AXA XL Reinsurance Promotes Longbottom and Pedro AXA XL Reinsurance announced it has promoted Julian Longbottom …
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Tesla Agrees to Mediation That Could Resolve EEOC’s Racism Lawsuit

By Hometown Insurance | January 14, 2026
Tesla agreed to enter mediation that could resolve the U.S. Equal Employment Opportunity Commission’s lawsuit accusing Elon Musk’s electric car maker of tolerating severe and widespread harassment of Black employees at its Fremont, California, assembly plant. The EEOC said it …
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Trade and War Worries Haunt Davos as World Seen ‘on a Precipice’: WEF Survey

By Hometown Insurance | January 14, 2026
A global backdrop increasingly threatened by trade disputes and inter-state conflict is how respondents in a World Economic Forum survey see things panning out in 2026. The annual poll of 1,300 leaders and experts by the organization that will next …
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Consumer Acceptance of Telematics Widens, Says Survey

By Hometown Insurance | January 14, 2026
Consumer acceptance of telematics technology in auto insurance is growing, creating opportunity for insurers who can cater to tech-driven drivers who crave personalized pricing and service. Today, 82% of policyholders view telematics apps positively, according to a recent survey by …
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2025 Was World’s Third-Warmest Year on Record: EU Scientists

By Hometown Insurance | January 14, 2026
The planet experienced its third-warmest year on record in 2025, and average temperatures have exceeded 1.5 degrees Celsius of global warming over three years, the longest period since records began, EU scientists said on Wednesday. The data from the European …
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Sedgwick Launches Global Specialty Platform in London

By Hometown Insurance | January 14, 2026
Sedgwick, the Memphis, Tennessee-based risk and claims administration provider, announced the launch of its Sedgwick Global Specialty platform in London, a dedicated solution designed to handle the largest and most complex losses. The platform represents a major investment to drive …
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Drones Hit Two Tankers in Black Sea, Driving Up War Insurance Costs

By Hometown Insurance | January 14, 2026
Drones struck two oil tankers in the Black Sea on Tuesday, including one chartered by U.S. oil major Chevron, the companies involved said, as they sailed toward a terminal on the Russian coast. Both were en route to the Yuzhnaya …
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UK Actuaries Sound Alarm on Loss Models Downplaying Climate Risk

By Hometown Insurance | January 14, 2026
The finance industry is relying on climate models that understate the speed at which temperatures are rising, according to a fresh study by Britain’s main association of actuaries. The Institute and Faculty of Actuaries, which conducted its study together with …
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Warburg Mulls $1 Billion Sale of London Insurance Broker McGill

By Hometown Insurance | January 14, 2026
Warburg Pincus is considering a possible sale of UK insurance broker McGill and Partners, according to people familiar with the matter. The private equity firm has held early talks with potential advisers to explore options for London-based McGill, the people …
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