Posts by Hometown Insurance
Louisiana Commissioner Donelon: Incentive and Fortify Homes Programs are Meeting Expectations
Outgoing Louisiana Insurance Commissioner Jim Donelon said Thursday that two initiatives to address the state’s property insurance market are meeting expectations. Donelon provided updates to the Louisiana Incentive Program and the Louisiana Fortify Homes Program in his final week of …
Read More Markets/Coverages: Rokstone Agrees Binder With Munich Re Syndicate for International Property Portfolio
Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate Ltd. (MRSL), to bolster the expansion of its international property risks portfolio. The binder has a line size of US$2 …
Read More The Sentry Tees Off 2024 PGA Tour as First Major Sporting Event to Return to Maui Since Wildfires
The 2024 PGA Tour teed off Thursday with the opening round of The Sentry, the first major sporting event to be held on the island of Maui since the devastating Lahaina wildfires in August. Sentry Insurance, the tournament’s title sponsor, …
Read More Japan Quake Likely to Have Limited Credit Ratings Impact on Insurers: AM Best
The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is expected to be manageable relative to the sector’s net profit, according to AM Best in a market commentary. Japan’s four …
Read More Family of Eddie Bernice Johnson Says Medical Neglect Caused Texas Congresswoman’s Death
Congresswoman Eddie Bernice Johnson died a “terrible, painful death” from an infection caused by negligence at her Dallas recovery facility following a September back surgery, according to a statement Thursday from Johnson’s family outlining their intention to file a lawsuit. …
Read More North Dakota Insurance Commissioner Jon Godfread Announces Bid for Re-election
North Dakota Insurance Commissioner Jon Godfread announced this week that he intends to run for re-election in 2024. Godfread, a Republican, is seeking his third term in office. He was elected commissioner in 2016, winning 64 percent of the vote. …
Read More Japan Earthquake Casts Cloud Over Push to Restart Nuclear Plants
The powerful earthquake that hit Japan’s western coast on New Year’s Day has underscored the country’s exposure to natural disasters, casting fresh doubt over a push to bring its nuclear capacity back online. Nuclear power plants dot the coast of …
Read More Court Says Bulk of GEICO’s $2.3 Million Fraud Case Belongs in Arbitration
Insurer GEICO has been dealt a setback in its efforts to get back $2.3 million in what it alleges were fraudulent medical and chiropractic service charges it paid to several clinics under New Jersey’s no-fault insurance law. The U.S. District …
Read More Japan Airline’s Runway Collision Marks Test of How New Carbon Jets Cope in Disaster
Tuesday’s runway collision in Japan marks the first time a modern lightweight airliner has burnt down and is being seen as a test case for how well a new generation of carbon-composite airplanes copes with a catastrophic fire. The Japan …
Read More OpenAI In Talks With Dozens of Publishers to License Content
OpenAI said it’s talking to dozens of publishers about striking deals to license their articles, a broader effort than was previously known as the startup looks for content to train its artificial intelligence models. “We are in the middle of …
Read More