Posts by Hometown Insurance
Nationwide Wants 19% Increase in Auto Rates in West Virginia
Nationwide Insurance is asking West Virginia regulators for a 19% average rate increase on auto liability insurance, a move that could affect more than 27,000 insured drivers. The West Virginia insurance commissioner said in a bulletin this week that written …
Read More Brown & Brown Buys Citrus/CHAPP Agency in Florida
Brown & Brown Inc., the sprawling U.S. insurance brokerage based in Daytona Beach, has acquired Citrus Insurance and its affiliate, CHAPP Inc., which secures workers’ compensation coverage for citrus growers in Florida. CHAPP and Citrus have offices in Dundee, Florida. …
Read More Severe Weather Spawns Tornado, Damage and One Death in South, Midwest
Thousands of homes and businesses were without power Tuesday as severe weather roared through several states, causing at least one death and spawning possible tornadoes. Parts of Ohio, Pennsylvania, Kentucky, Mississippi, Alabama, Tennessee, West Virginia, Virginia and Georgia were under …
Read More Citigroup Urges Dismissal of New York’s ‘Misguided’ Lawsuit Over Online Scams
Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James’ lawsuit accusing its Citibank unit of failing to reimburse customers who fall victim to online scammers. While recognizing that the problem of online wire fraud …
Read More Freight Railroads Must Keep 2-Person Crews Under New Federal Rule
Major freight railroads will have to maintain two-person crews on most routes under a new federal rule that was finalized Tuesday in a milestone in organized labor’s long fight to preserve the practice. The Transportation Department’s Federal Railroad Administration released …
Read More Japanese Lens Maker Hoya Halts Production After Cyberattack
Japanese lens maker Hoya Corp. on Thursday said the production of several of its products have stopped after a system failure, which was “most likely caused by unauthorized access” to its servers. Hoya said the company discovered a system discrepancy …
Read More Lack of Immunity Raises Risk of Bird Flu Pandemic: EU Food Safety Agency
The EU’s Food Safety Agency (EFSA) warned on Wednesday of a large-scale bird flu pandemic if the virus becomes transmissible between people as humans lack immunity against the virus. This comes a day after Texas reported that the H5N1 strain …
Read More Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis
President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the industry and patient associations. The South American nation’s health superintendent will run EPS Sanitas for one year after it failed …
Read More Panama Canal Drought Could Threaten Global Supply Chains, S&P Says
The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand, S&P Global said on Wednesday. The canal has imposed …
Read More Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage
AXA XL’s U.S. Mid-Market insurance business is extending its general liability coverage for mid-sized businesses with its new XL Plus broadening endorsement, offering more than two dozen expanded protections. The XL Plus endorsement expands the scope and depth of coverage …
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