Posts by Hometown Insurance

Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that amount, according to Munich Re. Last year’s insured losses of US$95 billion are close to the five-year average of US$105 …

After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s luck, I wanted to have another roll of the dice in offering my thoughts on cyber insurance themes to look …

Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up …

OpenAI publicly addressed a lawsuit from the New York Times in a strongly worded blog post on Monday, saying the newspaper’s complaint was “not telling the full story” about its use of Times data. The suit, filed in December, claims …

The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into …

In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a new property insurance company in Florida — even before state lawmakers made monumental changes that curbed claims litigation and costs. …

Tim Temple was sworn in as Louisiana Insurance Commissioner at noon Monday. Temple won election for the state’s top insurance official in October after his opponent dropped out of the primary. Temple replaces Jim Donelon, who had served as commissioner …

More than six years after Hurricane Harvey flooded thousands of homes and killed more than 80 people on the Texas Coast, the city of Houston has yet to allocate $200 million in federal relief funds to victims, according to the …

The Iowa Supreme Court on Friday reinstated a deputy workers’ compensation commissioner’s decision to bar reports that were submitted too late by experts who weren’t certified, reversing decisions by the district court and Court of Appeals. The high court said …

Michigan reported the largest decrease in uninsured motorists of any state between 2020 and 2022, according to a recent study by the Insurance Research Council. Michigan’s uninsured motorist rate dropped by more than 6% between 2020 and 2022. The study …