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Posts by Hometown Insurance

Safety Board Can’t Determine What Caused 2022 Helicopter Crash Near Philadelphia

By Hometown Insurance | January 11, 2024
Federal investigators say they have been unable to determine what caused a medical flight to go haywire before the helicopter crash-landed without losing any lives nearly two years ago. The pilot somehow avoided a web of power lines and buildings …
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Worker on Long Island Killed While Working on Septic System When Dirt Collapses

By Hometown Insurance | January 11, 2024
A worker was killed on New York’s Long Island Monday after becoming buried in a hole while working on a septic system. Suffolk County Police said the masonry company worker was installing cesspool rings at a home in Head of …
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Connecticut Extends PTSD Benefits to All Under Workers’ Compensation

By Hometown Insurance | January 11, 2024
The new year brought with it an expansion of Connecticut’s workers compensation benefits with regard to post-traumatic stress injuries or disorder (PTSD). Prior to January 1, only first responders were eligible for benefits for work-related PTSD; now under a new …
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AM Best Revises Outlooks to Negative for Members of Enumclaw in Washington

By Hometown Insurance | January 11, 2024
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Mutual of Enumclaw Insurance Company and Enumclaw Property & Casualty Insurance …
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Five Companies Agree to $7.2 Million Settlement for Polluting Two Ohio Creeks

By Hometown Insurance | January 10, 2024
TOLEDO, Ohio (AP) — Five companies have agreed to pay the federal government more than $7.2 million overall to resolve claims stemming from longstanding pollution in two adjacent creeks in the Maumee River watershed in northwestern Ohio. The settlement with …
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Retail Mortgage Lender loanDepot Struggles With Cyberattack

By Hometown Insurance | January 10, 2024
The U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service. In a filing on Monday with the Securities and Exchange Commission, the company said data was encrypted by the …
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Markets/Coverages: Aspen Partners With Surefire Cyber to Offer Cyber Risk Services

By Hometown Insurance | January 10, 2024
Aspen Insurance Holdings Ltd. has partnered with Surefire Cyber to launch Aspen Cyber Risk Services (ACRS), a complimentary suite of services that will enable its primary cyber insureds to proactively tackle cybersecurity threats, from pre-incident to response and resilience. This …
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Progressive Files for 19.78% Auto Insurance Rate Increase in West Virginia

By Hometown Insurance | January 10, 2024
Less than a month after Farmers Direct Insurance filed for a hefty rate increase on West Virginia auto liability policies, Progressive has followed suit with an almost identical request. The West Virginia insurance commissioner posted a bulletin Tuesday, noting that …
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Shares in UK Insurers Tumble on Report of Regulator Comments on Premium Finance

By Hometown Insurance | January 10, 2024
Shares in UK insurers fell on Wednesday, with traders pointing to an article in the Insurance Post that quoted the Financial Conduct Authority’s Head of Insurance Matt Brewis as saying premium finance was a “poor product”. At 1258 GMT, Direct …
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Italy’s Generali to Acquire Full Control of Chinese Non-Life Joint Venture for $108M

By Hometown Insurance | January 10, 2024
Italy’s biggest insurer Generali on Wednesday said it would acquire full control of a non-life insurance joint-venture in China by buying out local partner CNPC Capital for around 99 million euros ($108 million). Generali said it planned to expand its …
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