Posts by Hometown Insurance

Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not properly supervised, a panel of regulators warned on Thursday. The Financial Stability Oversight Council, which comprises top financial regulators and …

Newswise — With a severe shortage of affordable housing in the United States, renters living along the East and Gulf coasts are uniquely vulnerable to hurricane disasters. Two new studies based on data from 2009 to 2018 show that renters …

A report out this week from the National Oceanic and Atmospheric Administration shows the Arctic summer surface air temperatures were the warmest on record, with some areas, including northern Alaska and Canada, 7.2 degrees Fahrenheit or more above the 1991-2020 …

A former professor at Harvard Medical School and founder of one of the nation’s largest fertility clinics is being accused of secretly impregnating a patient in 1980 after promising the sperm would come from an anonymous donor, according to a …

A man who was recently cleared in the gruesome, fiery 1995 killing of a subway token booth clerk sued New York City and two detectives on Monday, saying that “a wanton and reckless” law enforcement culture subjected him to decades …

Woodruff Sawyer named Luke Parsons the firm’s national private equity and venture capital practice group leader. Parsons was previously senior vice president of Woodruff Sawyer’s private equity and due diligence teams. He was named partner and senior vice president in …

It was a rough year for many Massachusetts farmers who experienced a deep February freeze, a late May frost event, and catastrophic flooding in July. To help them recover from the damage, the Healey-Driscoll Administration announced that the state’s Natural …

Initial data on fiscal year 2022/23 public self-insured claims experience in the California workers’ compensation system show that public self-insured’s total claim volume, spurred by a sharp drop in indemnity claims, fell 16.8% in the 12 months ending June 30 …

The Oklahoma Insurance Department announced the adoption of the Surplus Lines Automation Suite (SLAS) for the reporting and payment of all Oklahoma surplus lines premium taxes beginning January 1, 2024. For all Oklahoma policies effective January 1, 2024, and after …

Swift Joins XPT Specialty Brokerage Team XPT Specialty, headquartered in New York, N.Y., hired Ben Swift as an underwriter/broker specializing in commercial binding accounts for Midwest retailers. Before joining XPT, Swift served as a senior commercial underwriter at Chubb Insurance, …