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Posts by Hometown Insurance

EU Finalizes Investment Fund Labels to Combat Greenwashing

By Hometown Insurance | May 15, 2024
The European Union’s securities watchdog confirmed on Tuesday final guidelines on when investment funds can label themselves as being “sustainable” without being accused of greenwashing. Trillions of dollars globally have flowed into investments that promote their green attractions, but regulators …
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Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia

By Hometown Insurance | May 15, 2024
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their cyber towers. Australian brokers can now sell coverage …
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Wildfire Prompts Partial Evacuation of Canada’s Oil-Sands Capital

By Hometown Insurance | May 15, 2024
Portions of Fort McMurray, Alberta, are being evacuated as a wildfire approaches the city, the unofficial capital of Canada’s oil sands industry that almost burned to the ground during a historic blaze eight years ago. The 11,000-hectare (27,000 acre) blaze …
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South Africa’s Health Insurance Law Set to Face Legal Challenges

By Hometown Insurance | May 15, 2024
South Africa’s main opposition party, joined by some labor and business groups, said on Tuesday it would go to court to fight a bill aimed at providing universal health coverage, which President Cyril Ramaphosa is set to sign into law …
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Brazil States Ask Court to Double Amount Vale, BHP Should Pay for Mining Disaster

By Hometown Insurance | May 15, 2024
Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according to a legal document seen …
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Britain Rejects Call to Ban Gagging Orders in Financial Services Sector

By Hometown Insurance | May 15, 2024
Britain’s Finance Ministry on Tuesday rejected a call to ban non-disclosure agreements (NDAs), which can be used to silence victims of sexual harassment and abuse, arguing that such clauses do not stop staff reporting concerns to authorities. A report on …
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Insurance Research Council: Home Insurance Spend Outpaces Household Income Growth

By Hometown Insurance | May 15, 2024
According to the Insurance Research Council (IRS), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeowners spent about 2% …
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US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency

By Hometown Insurance | May 15, 2024
Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far smaller percentage than most other property/casualty lines. However, the workers’ compensation line remains the most profitable segment, with a combined …
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The Surprising Force Stalling Climate Progress: California Restaurants

By Hometown Insurance | May 15, 2024
In the fight to ratchet down climate emissions and soothe the most dangerous effects of an overheating planet, one of the most withering setbacks in recent memory wasn’t delivered by the oil industry or coal excavators, but, rather, a group …
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High Court: E-Scooter Rider Hit by Car Not Eligible for No-Fault PIP Benefits

By Hometown Insurance | May 15, 2024
A man injured when he was hit by a car while he was operating a low speed Segway electric scooter is not entitled to personal injury protection (PIP) benefits under New Jersey’s no-fault auto insurance law, the state’s Supreme Court …
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Recent Posts

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