Posts by Hometown Insurance

A former Georgia insurance agent was missing Wednesday after he was charged with diverting a premium payment to his own bank account. Michael Durrell Preston Jr., 42, of Woodstock and Canton, was charged with insurance fraud and forgery, the Georgia …

The heart of Lahaina, the historic town on the Hawaiian island of Maui that burned in a deadly wildfire that killed at least 100 people, reopened this week to residents and business owners holding day passes. The renewed access marks …

While today’s insurance agency errors and omissions market remains mostly stable, emerging exposures, cyber risk, natural disasters and more could shape its course ahead. Insurance Journal gathered three experts to share their perspectives on the market’s latest developments and outlook …

A federal appeals court has declared that New York law prevents Lloyd’s from recovering some loss payments from Zurich American because Zurich’s insured was also an insured of Lloyd’s in a case involving a construction project at LaGuardia Airport. The …

Tesla is recalling just over two million vehicles in the United States fitted with its Autopilot advanced driver-assistance system to install new safeguards, after a safety regulator said the system was open to “foreseeable misuse.” The National Highway Traffic Safety …

Meta Platforms’ lawyers had warned it about the legal perils of using thousands of pirated books to train its AI models, but the company did it anyway, according to a new filing in a copyright infringement lawsuit initially brought this …

Jensten, the London-based independent insurance broking group, has acquired Scrutton Bland Insurance Brokers for an undisclosed amount. The deal brings a team of more than 50 across two additional offices and GWP of £22 million to Jensten. Based in Ipswich, …

The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships they deem connected to Israel with fears of a spillover that could disrupt global supplies sailing through the region, industry sources …

Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst of climate change, a first of its kind deal signaling the eventual end of the …

Infrastructure investors face losing nearly a third of their money, or around $600 billion, if countries do not plan for an orderly shift to a greener economy by mid-century, a first-of-its-kind study shared with Reuters showed. The researchers describe this …