Posts by Hometown Insurance
Wisconsin Average Indemnity Benefit Up, Disability Duration Still Short: WCRI
Wisconsin’s average indemnity benefit per claim grew nearly 10% in 2022, fueled by large growth in the average duration of temporary disability per claim, according to a recent study from the Workers Compensation Research Institute. Nevertheless, the duration of temporary …
Read More Survey: Mid-Market Leaders Peg Cyber, Economy and Regulation as Top Concerns
Business leaders place cybersecurity, the economy, regulatory challenges and global instability among their top concerns for the coming year, fueled by factors such as AI, climate change, nuclear verdicts and political unrest. The annual Marsh McLennan Agency Business Insurance Trends …
Read More How AI Can Reshape Claims Management
How can artificial intelligence change property and casualty insurance claim processing? Two industry experts answered that question from a few angles during Carrier Management’s annual InsurTech Summit. Frank Giaoui, founder and CEO of Optimalex Solutions, and Shane Riedman, general manager …
Read More White House to Support New US Nuclear Power Plants
The White House on Wednesday planned to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate change. The suite of actions, …
Read More Is Trampoline Job Landscape Work? A.I. Says Yes. 11th Circuit Says it’s Not Covered
Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper’s liability insurance policy? Artificial intelligence programs suggest that it is. But human judges with the 11th U.S. Circuit Court of Appeals believe otherwise, despite one of …
Read More Virginia Tech Firm Settles Allegations Over Whites-Only Job Listing
A northern Virginia tech company is paying $38,500 to settle claims that it discriminated by posting a job listing seeking white, U.S.-born candidates for an opening as a business analyst. The Justice Department announced Thursday that it had reached a …
Read More New Language in California Budget Seeks to Expedite Insurance Rate Filing Approvals
Insurers are praising new trailer bill language in the California budget that promises to expedite the home and auto insurance rate filing approval process. California Gov. Gavin Newsom first made the proposal to speed up the rate filing process while …
Read More Chicago Man Convicted of Murder Based on Blind Witness’ Testimony Sues City, Police
CHICAGO (AP) — A Chicago man convicted of murder based in part on testimony from a legally blind eyewitness is suing the city and the police department. A judge convicted Darien Harris in 2014 in connection with a fatal shooting …
Read More Relation Insurance Services Acquires Oklahoma’s First Insurance
Relation Insurance Services acquired the assets of First Insurance an Affiliate of FirstBank, Inc. The transaction went into effect on April 1, 2024; terms of the transaction were not disclosed. First Insurance, based in Durant, Oklahoma, offers commercial and personal …
Read More Nicotine-Like Chemicals in US Vapes May Be More Potent Than Nicotine, FDA Says
Nicotine alternatives used in vapes being launched in the U.S. and abroad, such as 6-methyl nicotine, may be more potent and addictive than nicotine itself, though the scientific data remains incomplete, according to the U.S. Food and Drug Administration (FDA) …
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