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Posts by Hometown Insurance

Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B

By Hometown Insurance | September 12, 2024
Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company’s 120-year history. Sentry will pay $1.1 billion in cash and assume liabilities and …
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Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says

By Hometown Insurance | September 12, 2024
A Florida home inspector allegedly used the same stock photographs in more than 200 home and wind-mitigation inspections, costing Citizens Property Insurance Corp. more than $88,000, the state Department of Financial Services said after the man was arrested. Jasiel Mena, …
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Francine Knocks Out Power to Hundreds of Thousands in US South

By Hometown Insurance | September 12, 2024
Francine knocked out power to nearly half a million homes and businesses and canceled hundreds of flights across the US South after coming ashore as a hurricane. The storm has weakened to a tropical depression with winds of 35 miles …
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Top EU Privacy Regulator Opens Probe Into Google’s AI Compliance

By Hometown Insurance | September 12, 2024
The top EU privacy regulator opened an inquiry on Thursday into whether search engine giant Google adequately protected European Union users’ personal data before using it to help develop its foundational AI Model. Ireland’s Data Protection Commission (DPC), the lead …
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New Mexico Attorney General Files Suit Against Snapchat

By Hometown Insurance | September 12, 2024
New Mexico’s attorney general has filed a lawsuit against the company behind Snapchat, alleging that site’s design and policies foster the sharing of child sexual abuse material and facilitate child sexual exploitation. Attorney General Raúl Torrez filed the lawsuit against …
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Lloyd’s of London Plans to Overhaul ‘Unclear’ Rules on Dealing With Poor Conduct

By Hometown Insurance | September 12, 2024
Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behavior could be “unclear.” The Lloyd’s of London market, which …
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Firefighters Hope Cooler Weather Will Aid Battle Against 3 Major Southern California Fires

By Hometown Insurance | September 12, 2024
Firefighters battling three major wildfires in the mountains east of Los Angeles took advantage of cooler weather Wednesday as they slowly gained the upper hand, but not before dozens of homes were destroyed and thousands of people were forced to …
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Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share

By Hometown Insurance | September 12, 2024
For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15% last year to increase its share of the total property/casualty market to 9%, according …
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Hospital to Pay $65M to End Suit Over Cyber Attack That Exposed Patients’ Nude Photos

By Hometown Insurance | September 12, 2024
Lehigh Valley Health Network has agreed to a $65 million settlement of a class action with patients and employees affected by a 2023 ransomware attack that exposed personal and medical information including nude photos of patients. Every settlement class member …
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Pinnacol’s EverPeak Workers’ Comp Coverage Expands Into South Carolina

By Hometown Insurance | September 12, 2024
EverPeak Insurance, a workers’ compensation insurer that specializes in hard-to-place industries and small businesses, has recently expanded into South Carolina. Vice President and Chief Operating Officer Vlad Stojanovic said the move will help address the difficulties that some employers face …
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