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Posts by Hometown Insurance

American Eagle Outfitters Sues Amazon for Infringing ‘Aerie’ Trademarks

By Hometown Insurance | September 26, 2024
American Eagle Outfitters sued Amazon.com on Wednesday, accusing it of intentionally infringing the clothing and accessories retailer’s “Aerie” and “Offline by Aerie” trademarks by directing customers to knock-off merchandise. In a complaint filed in Manhattan federal court, American Eagle said …
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Shell, Equinor, TotalEnergies Open CO2 Storage Facility in Norway

By Hometown Insurance | September 26, 2024
Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway’s west coast is now completed and ready to receive CO2, with its first deliveries expected next year. Carbon capture and storage (CCS) has long been …
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Ecuador Fires Threaten Wealthy Areas, Force President to Return Home

By Hometown Insurance | September 26, 2024
Wealthy neighborhoods in Quito remain under threat of flames, and schools have shifted to online teaching through the end of the week as firefighters battle forest fires in Ecuador’s capital. Quito Mayor Pabel Muñoz of the left-wing Citizen Revolution party …
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Markets/Coverages: Markel Expands Specialist Tech Insurance Offering in UK

By Hometown Insurance | September 26, 2024
Markel, the insurance operations within the Markel Group Inc., has launched an enhanced insurance proposition tailored to meet the evolving needs of the UK’s growing tech sector. The enhanced product, MarkelTech, is aimed at start-ups, small-and-medium-sized businesses, mid-market and high-growth …
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A $9.5 Trillion Investor Group Unveils Milestone Emissions Cuts

By Hometown Insurance | September 26, 2024
Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C. The Net-Zero Asset Owner Alliance, whose signatories …
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India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data

By Hometown Insurance | September 26, 2024
Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policy holders. Star has received a temporary …
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Why US Home Insurance Rates Are Rising Fast – Climate Change Plays a Big Role

By Hometown Insurance | September 26, 2024
Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. To …
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State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P

By Hometown Insurance | September 26, 2024
State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The outlier result came even as …
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Investigators Arrest Suspect From Washington Insurance Commissioner’s Most Wanted List

By Hometown Insurance | September 26, 2024
An Everett woman on Washington Insurance Commissioner Mike Kreidler’s Insurance Fraud Most Wanted list who failed to appear for her arraignment has been arrested. Shawndlyn Williams, who also goes by Shawndlyn Dyson, was charged by the King County Prosecutor’s Office …
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Passenger Killed When Horse Smashed Through Windshield on California Highway

By Hometown Insurance | September 26, 2024
The passenger in a car was killed when a horse smashed through the windshield during a series of crashes on a Southern California interstate, authorities said. The first collision occurred about 2 a.m. Sunday when a Toyota Tacoma towing a …
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