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Posts by Hometown Insurance

WTW Sues Former Yacht Team, Howden US Over Defection

By Hometown Insurance | May 21, 2026
Howden US is again being sued by a rival broker over another group of new employees who are alleged to have breached loyalty and post-employment contractual obligations. According to a lawsuit filed May 19 in U.S. District Court for the …
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Trump to Sign Order on AI Oversight as Security Fears Mount Among Supporters

By Hometown Insurance | May 21, 2026
U.S. President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of …
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US P/C Industry Underlying Growth Expected to Slow in 2026

By Hometown Insurance | May 21, 2026
The U.S. property/casualty insurance industry is expected to see underlying growth decrease 3.7% for the first half of 2026 as it deals with economic uncertainty. The industry grew 1.6% in 2025, but a report from the Insurance Information Institute (Triple-I) …
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Maine High Court Upholds Claims Settlement, Case Dismissal Over Insured’s Objection

By Hometown Insurance | May 21, 2026
A court was right to acknowledge an insurance company’s settlement of a claim and dismiss the lawsuit against its insured without the insured’s approval, the Maine Supreme Judicial Court has ruled. The insured, Patrick O’Brien, objected to the settlement and …
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Containment Grows on California Wildfire That Forced Thousands to Evacuate

By Hometown Insurance | May 21, 2026
Containment has continued to increase on the Sandy fire in Simi Valley, which prompted evacuation orders for tens of thousands of people in Ventura County earlier this week. Though fire activity has slowed, the blaze still poses danger, fire officials …
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War Overtakes Civil Unrest as Top Political Violence Exposure for Global Businesses

By Hometown Insurance | May 21, 2026
War has overtaken civil unrest as the political violence exposure that companies fear most, as conflicts in Europe and the Middle East disrupt global trade flows, strain political alliances, embolden adversarial powers and heighten risks to business assets, according to …
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Jury Sides With Insurers, Finding Takeda Liable for $885M in Damages

By Hometown Insurance | May 21, 2026
A U.S. jury found Takeda Pharmaceutical liable for causing about $885 million in damages by delaying a generic version of its constipation drug Amitiza through an anticompetitive scheme. Jurors in federal court in Boston, following a five-week trial, sided with …
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NY Archdiocese Can Depose Chubb CEO Greenberg in Clergy Abuse Claims Case

By Hometown Insurance | May 21, 2026
The Archdiocese of New York (ADNY) has received the go-ahead to depose Chubb Insurance CEO Evan Greenberg in the ongoing legal dispute over liability insurance coverage for clergy sex abuse claims. Chubb sought to block the ADNY from deposing Greenberg, …
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Crypto Crime Escalates With Kidnappings, Cons and Human Coercion

By Hometown Insurance | May 21, 2026
After a year of kidnappings, assaults and armed home invasions targeting cryptocurrency holders, the industry is racing to harden its defenses. Conferences are beefing up security. Private firms serving crypto holders say demand has surged. Exchanges are protecting their executives. …
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Viewpoint: Insurers Cautiously Navigate the Next Step in AI Adoption

By Hometown Insurance | May 21, 2026
As more and more companies embed AI into select functions, only a portion indicate that they have used AI to change how an overall enterprise runs. It illustrates one of the key takeaways drawn from a recent industry survey by …
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Recent Posts

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