Posts by Hometown Insurance

Hurricane Beryl has reached Category 5 strength, the earliest ever in the Atlantic, as the storm headed toward Jamaica with house-wrecking winds and heavy rainfall. Maximum sustained winds have increased to 160 miles (260 kilometers) per hour with higher gusts, …

Executive Summary: For a multinational insurance company like Zurich Insurance Group, which can find itself delivering large, complex policies in multiple languages to a single international customer, there’s a logical use case for Gen AI’s large language models in providing …

The US Justice Department will charge Boeing Co. with criminal fraud, leaving the planemaker to choose between pleading guilty or taking the risk of going to trial, according to people familiar with the matter. Boeing has until the end of …

The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’s landmark …

CDK said on Monday it anticipates all dealers to be live on its dealer management system (DMS) by late July 3 or early morning on July 4. The company, which provides software to car dealerships, had briefly shut down all …

Domestic workers in Rhode Island will now be paid the state’s minimum wage under a bill signed into law by Democratic Gov. Daniel McKee. Traditionally, domestic workers haven’t been given that protection as the Rhode Island minimum wage has increased …

Projected changes to California workers’ comp claims frequency and severity due to industry mix of employment are negligible through 2026, while employment in most industries fully recovered from the initial pandemic related changes by the end of 2022, a new …

While the historically official start to California’s wildfire season is still a ways off, the best forecast of the what’s ahead may be to look back on the year so far, and so far it’s been far busier for firefighters …

Pearl Interactive Network, Inc., a Columbus, Ohio-based telecommunications company, resolved a charge of disability discrimination filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency’s Cleveland Field Office announced. During the EEOC’s investigation, the agency found that Pearl …

AM Best confirms that the financial strength rating and long-term issuer credit ratings of Accredited’s subsidiary companies remain unchanged following their acquisition by Onex Partners from R&Q Insurance Holdings Ltd. — a deal that was completed on June 28. AM …