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Posts by Hometown Insurance

Kentucky Senate Votes to Expand Family Leave as Insurance Product

By Hometown Insurance | April 1, 2024
FRANKFORT, Ky. (AP) — A bipartisan bill aimed at expanding access to paid family leave won final passage Thursday as Kentucky’s legislature shifted into overdrive before a two-week break. The Senate voted 36-0 to send the family leave legislation to …
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US Home Insurance Premiums May Hit a Record This Year, Report Warns

By Hometown Insurance | April 1, 2024
US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowners insurance in the US is …
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Massachusetts Lawmakers Advance ‘Hot Work’ Oversiight Bill

By Hometown Insurance | April 1, 2024
A decade after two firefighters died when they became trapped in a brownstone in Boston’s historic Back Bay neighborhood by a fire caused by sparks from welders working next door, the Massachusetts Senate passed a bill Thursday aimed at toughening …
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US Finalizes New Tailpipe Emissions Limits for Heavy Duty Vehicles

By Hometown Insurance | April 1, 2024
The U.S. government said on Friday it was finalizing tighter tailpipe emissions standards for heavy duty vehicles like semi-trucks and buses, but the new rules would not be as strict as initially proposed in 2023. The Environmental Protection Agency (EPA) …
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Other Major US Bridge Collapses Caused by Ships and Barges

By Hometown Insurance | April 1, 2024
A container ship struck a major bridge in Baltimore early Tuesday, [March 26] causing it to plunge into the river below. From 1960 to 2015, there were 35 major bridge collapses worldwide due to ship or barge collision, with a …
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Baltimore Ship Accident Has East Coast Ports Scrambling to Absorb Cargo

By Hometown Insurance | April 1, 2024
Ports along the US East Coast are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are starting the daunting task of clearing debris from the destroyed Francis Scott Key Bridge. The Port of Virginia, with …
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Viewpoint: AI Is Changing the Cyber Risk Landscape

By Hometown Insurance | April 1, 2024
Innovation is at the heart of the human experience, with a constant stream of new ideas and inventions changing the way we conduct business. But seismic shifts in technology don’t come all at once, or even at a steady pace—they …
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AM Best Downgrades Ratings of State Farm General

By Hometown Insurance | April 1, 2024
Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those policies. Last week, State Farm cited its responsibility to …
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FEMA: SW Florida Stripped of Flood Insurance Discounts After ‘Improper Rebuilds’

By Hometown Insurance | April 1, 2024
After spiking premiums, nonrenewals and complaints about unpaid claims, more than 115,000 property owners in southwest Florida are now facing a new slap in the face after 2022’s Hurricane Ian: 25% higher flood insurance rates because local officials reportedly allowed …
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Georgia Lawmakers Approve PTSD Disability Insurance Bill with Smaller Payout

By Hometown Insurance | April 1, 2024
The Georgia General Assembly has approved a less-expensive version of a bill that would provide a type of disability insurance for first responders diagnosed with post-traumatic stress disorder. The state Senate last week voted unanimously in favor of House Bill …
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Recent Posts

  • Texas Division of Workers’ Compensation Announces Staff Changes
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  • Prudential Reimburses 2.85 Billion Yen After Misconduct Probe

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