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Posts by Hometown Insurance

Markets/Coverages: Heinz Offers World’s 1st Ketchup Insurance Policy With 57 Varieties

By Hometown Insurance | March 8, 2024
Heinz Arabia has announced the launch of the world’s first-ever ketchup insurance policy. The new insurance coverage aims to alleviate the stress and inconvenience of everyday ketchup spills, splatters and splotches. Inspired by countless social media posts showcasing ketchup-related accidents, …
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Cruise Ship Worker Accused of Using Hidden Cameras to Spy on Guests

By Hometown Insurance | March 8, 2024
FORT LAUDERDALE, Fla. (AP) — A Royal Caribbean cruise employee is accused of hiding cameras inside bathrooms of passenger cabins to spy on guests, including underage girls. Arvin Joseph Mirasol, 34, was arrested Sunday on federal charges of production and …
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Meta Seeks Dismissal of Shareholder Suit Alleging Failure to Address Human Trafficking

By Hometown Insurance | March 8, 2024
Attorneys for Meta Platforms and several of its current and former leaders, including founder Mark Zuckerberg, are asking a Delaware judge to dismiss a shareholder lawsuit alleging the company has deliberately failed to protect users of its social media platforms …
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US Treasury Drops Plan to Collect Insurer Data on Climate Risks

By Hometown Insurance | March 8, 2024
The US government is stepping away from its effort to collect data on home insurance prices and availability at the Zip code level as premiums soar and climate risks to property intensify. Instead, it will join in a collaborative effort …
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Liberty Mutual Execs See Q4 Momentum as 2023 Income Falls

By Hometown Insurance | March 8, 2024
Although Liberty Mutual reported worse underwriting results and lower net income in 2023 compared to the prior year, executives pointed to the momentum of the final quarter as an indicator of what’s ahead. “We made solid progress toward our 95 …
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Former AIG Execs Launch E&S Company Dellwood Group for Small/Middle Sized Risks

By Hometown Insurance | March 8, 2024
Two former executives with American International Group (AIG) have launched a nationwide excess and surplus lines (E&S) insurance holding company. Michael Price and Kean Driscoll announced the formation of Dellwood Insurance Group, which they said will be dedicated to property/casualty …
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Justice Department to Offer More Rewards to Corporate Whistleblowers

By Hometown Insurance | March 8, 2024
The U.S. Justice Department is expanding its whistleblower program to coax more tipsters to disclose corporate misconduct by offering monetary rewards, Deputy Attorney General Lisa Monaco said on Thursday. The Justice Department is already authorized to dole out awards for …
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Deadly Ship Attack Means Red Sea Voyages Need Re-Thinking, Union Says

By Hometown Insurance | March 8, 2024
A major transport union urged a full halt of merchant ships sailing through the Red Sea, adding to calls for vessels to reconsider the voyages after a Houthi militant attack killed three sailors. “We call on the industry to divert …
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Insurer Ageas Recruits Extra Adviser as it Pursues Direct Line Bid

By Hometown Insurance | March 8, 2024
Belgian insurer Ageas has brought in an additional adviser as it presses ahead with a potential takeover offer for Britain’s Direct Line, three sources familiar with the matter told Reuters. Ageas has lined up Deutsche Bank to work alongside its …
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Europe Faces 3C of Global Warming. Here’s How It Plans to Cope.

By Hometown Insurance | March 8, 2024
Europe will be 3C hotter even if the world succeeds in limiting global warming to 1.5C above pre-industrial levels, bringing with it the heightened peril of extreme weather and trillions of euros of damages to the economy. Such climactic hazards …
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Recent Posts

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