Posts by Hometown Insurance
Tri-State Region Shocked as Severe Floods Take 2 Lives, Leave Trail of Destruction
Flooding caused by heavy rains is being blamed for the deaths of two women, major damage to roads and other infrastructure, and substantial residential and vehicle flooding over the weekend and Monday in Connecticut, New York and New Jersey. Connecticut …
Read More SME Broker Ardonagh Advisory to Acquire UK-Based R.K. Henshall
Ardonagh Advisory, Ardonagh Group’s SME broking platform, has agreed to acquire UK chartered insurance broker R.K. Henshall & Co. Ltd. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Established in 1976, R.K. Henshall & …
Read More US Workers More Glum on Compensation and Work Prospects, New York Fed Says
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that …
Read More Hidden Report Reveals Worker Illnesses From Ohio Derailment Cleanup
The creeks around East Palestine, Ohio, were so badly contaminated by last year’s disastrous Norfolk Southern derailment that some workers became sick during the cleanup. Workers who reported headaches and nausea — while shooting compressed air into the creek bed, …
Read More Arkansas Governor Declares Emergency After Thunderstorms Knock Out Power
LITTLE ROCK, Ark. (AP) — Arkansas Gov. Sarah Huckabee Sanders issued an emergency declaration Saturday after severe thunderstorms knocked down power lines in the northwestern part of the state. Storms with strong winds blew through that part of the state …
Read More Michigan DIFS Bulletin Issues Guidance on AI Use in Insurance Industry
The Michigan Department of Insurance and Financial Services (DIFS) released a bulletin this month addressing the growing use of artificial intelligence in the insurance industry. The bulletin clarifies DIFS’ expectations and outlines the responsibilities that insurers have when they adopt …
Read More Verisk: US Reconstruction Costs Rose 5.2% From Last Year
Total reconstruction costs in the U.S. rose by 5.2% from July 2023 to July 2024. That’s a large increase from the cost growth from July 2022 to July 2023 (4.0%) and over the cost growth in the second quarter (1.6%), …
Read More 14-Year-Old Dies After Collapsing During Football Practice in Alabama
NEW BROCKTON, Ala. (AP) — A 14-year-old football player in Alabama died Tuesday after collapsing during afternoon practice. Semaj Wilkins, a freshman at New Brockton High School, suffered a medical emergency early in practice Tuesday afternoon, Coffee County Coroner Arnold …
Read More California Commissioner Invites Input on Final Phase of Wildfire Modeling Regulation
California Insurance Commissioner Ricardo Lara has invited public input as he begins the final phase of approving a “first of its kind” catastrophe modeling and ratemaking regulation that “will help restore options for all Californians and prepare for the reality …
Read More Texas Jury to Decide if a Student’s Parents are Liable in Deadly School Shooting
DALLAS (AP) — An attorney for the parents of a Texas student accused of killing 10 people in a 2018 school shooting near Houston told trial jurors Friday that they didn’t know their son would have a psychotic breakdown. Lawyers …
Read More