Posts by Hometown Insurance
Driver Who Blamed Injury on Rushing to Finish Schedule Fails to Deliver Evidence
A delivery driver failed to convince her employer or the Virginia Workers’ Compensation Commissioner (VWCC) that she injured her knee in a fall on the job because she had to rush to complete deliveries on a schedule. She maintained that …
Read More Hackers Auction Off Stolen LendingTree Consumers’ Data: Source
Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a cloud database hosted by Snowflake Inc., according to a person familiar with the matter. There have been several listings of …
Read More Biden Bans US Sales of Kaspersky Software Over Russia Ties
The Biden administration on Thursday announced plans to bar the sale of antivirus software made by Russia’s Kaspersky Lab in the United States, with Commerce Secretary Gina Raimondo saying that Russia’s influence over the company poses a significant security risk. …
Read More Generali Is Seeking Buyers for Turkey, Philippines Units: Sources
Assicurazioni Generali SpA is seeking to sell its units in Turkey and the Philippines, people with knowledge of the matter said. The Italian insurer has kicked off separate processes to dispose of its small Istanbul-based Generali Sigorta AS subsidiary and …
Read More UK Hospital Hackers Claim to Publish Stolen NHS Data
The cyber criminals taking credit for the hack on London hospitals earlier this month have published what they claim is stolen data from the attack. England’s National Health Service said in a statement Friday it was aware that the data …
Read More Details of Aviation Lessor Settlements With Russia Over Trapped Planes
Aircraft leasing firms have struck settlements with Russia totalling around $2.7 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors handed ownership of the …
Read More Activist Report Shows More Insurers Making Climate-Related Disclosures
A new report from a climate activist group portrays a “mixed picture of progress and persistent challenges” in the insurance sector in addressing climate-related risks, with some insurers successfully integrating climate-related risks and others leaving “significant gaps and disparities.” The …
Read More New Drivers and Electric-Vehicle Tech Bring New Risks to Auto Insurance Market
High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable. The challenges will continue through the end of the year and beyond, according to the 2024 U.S Auto Insurance Trends Report …
Read More A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best
The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a decade—but industry rating agency AM Best is not convinced the good times will last. In a special report on U.S. …
Read More Exclusion Does Not Exclude Coverage for Condo in Nashville Christmas Bombing
The insurance fallout from the Christmas Day 2020 bombing in downtown Nashville continues, with a federal court deciding this week that Aspen Specialty Insurance must cover millions in replacement costs for a heavily damaged condominium building. The insurer in 2021 …
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