Posts by Hometown Insurance
Coastal Texas Braces for Insurance Rate Increase at Upcoming TWIA Meeting
The Texas Windstorm Insurance Association, the state’s insurer of last resort for homes and businesses on the Gulf Coast, will consider raising rates as climate change increases the chances of more severe storms and damages become more costly. The association’s …
Read More Tesla Recalls 1.85 Million US Vehicles Over Unlatched Hood Issue
Tesla is recalling 1.85 million vehicles in the United States due to risk of software failure to detect an unlatched hood, the automaker said. An unlatched hood could fully open and obstruct the driver’s view, raising the risk of a …
Read More People Moves: Resilience Promotes Brady to Chief Underwriting Officer; Burns & Wilcox Names New Leaders in Southwest, Michigan
Brady Named Resilience Chief Underwriting Officer Resilience, headquartered in San Francisco, named Killian Brady as chief underwriting officer. Brady will oversee all aspects of the underwriting function for middle market and large enterprise clients across Resilience’s cyber and tech E&O …
Read More Coastal Communities Get $575M to Guard Against Floods, Other Disasters
The federal government is giving more than a half-billion dollars to coastal communities to help them use nature-based preventative measures to address climate-related flooding and other disasters. The National Oceanic and Atmospheric Administration on Friday announced it is allocating $575 …
Read More Former Exec Keating Pleads Guilty to Scamming Allied World Insurance for $1.5M
A former insurance executive has pleaded guilty to defrauding his former employer, Allied World Insurance Co., of $1.5 million in a scheme involving a shell company, bogus invoices, and vendor kickbacks. James Keating of Paoli, Pennsylvania on January 30 pleaded …
Read More People Moves: Karasaki and Grossi Leave Aon to Run New Alliant Insurance Services Honolulu Office
Alliant Insurance Services, headquartered in Irvine, California, opened an office in Honolulu, the firm’s second location in Hawaii. Chad Karasaki, managing director, will lead the Honolulu office. Before joining Alliant, Karasaki most recently served as chairman, CEO and resident managing …
Read More Delta Air Lines to Seek Compensation Over Cyber Outage: Report
Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the …
Read More Vermont Again Dealing With Floodwaters
Northern Vermont today is dealing with flash floods and washed-out roads after a night and early morning of extreme rainfall. Parts of Caledonia county and the Northeast Kingdom received 6-8 inches of rain last night and saw considerable catastrophic flash …
Read More Higginbotham Exec Marc Spivey Cheers on Daughter Competing in 2024 Olympics
Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office message. Greetings! I am in Paris to cheer on my daughter Taylor who is competing in the 2024 Olympics. … …
Read More US Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products
Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears legal responsibility for their recall, the U.S. Consumer Product Safety Commission said on Tuesday. The CPSC said it has issued …
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