Posts by Hometown Insurance
Markets/Coverages: USQRisk Starts Corporate Cyber MGA
USQRisk, the international managing general agent specializing in alternative risk transfer solutions, has announced the launch of Pera, a managing general agent providing cyber and blended cyber and technology E&O insurance to large U.S. domiciled corporate risks. Pera is a …
Read More Insurtech Startup QuoteWell Comes Out of Stealth With $15M in Series A Funding
Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents. Founded in 2021, the insurtech said it “helps agents who are often overlooked and given poor customer service due to low premiums associated with their …
Read More Catastrophe Bond Market Headed for Major Surge in Issuance
The market for catastrophe bonds is one of this year’s best-performing debt classes. It’s also about to see a significant increase in sales as the World Bank, a major issuer, prepares to ratchet up its offering. The lender plans to …
Read More ‘Superfog’ Blamed For Louisiana Highway Crashes That Killed 7
NEW ORLEANS (AP) – At least seven people were killed Monday after a “superfog” of smoke from marsh fires and dense morning fog caused a series of wrecks on Interstate 55 near New Orleans that left a long stretch of …
Read More Ransomware Attacks Have Nearly Doubled Over 2022, Says Corvus
Ransomware attacks are up 95.41% globally in 2023 year over year, a trend showing no signs of slowing. The number of ransomware victims to date in 2023 (3,311) has already surpassed totals for the entirety of 2021 (3,048) or 2022 …
Read More Morningstar: Coastal Communities at Risk of Becoming Uninsurable
DBRS Morningstar experts anticipate increased reliance on government insurance programs as insurers exit catastrophe-prone states. New commentary from the credit ratings business said these departures could “eventually trigger declines in property valuations in the affected regions if alternative sources of …
Read More Six Years After They Began, Strems’ Massive Litigation Actions Detailed in Book
The story of disbarred Florida plaintiffs’ attorney Scot Strems has been told, in bits and pieces, in this publication and others over the last six years. But the saga and Strems’ alleged actions and the havoc they caused in the …
Read More Pennsylvaia Restaurant to Pay $269K for Illegal Pay Practices, Child Labor Violations
A Collegeville, Pennsylvania restaurant and its owners must pay $268,660 in back wages, liquidated damages and punitive damages to satisfy a consent judgment obtained by the U.S. Department of Labor after an investigation into the employers’ illegal pay practices. According …
Read More Two New York Hospitals Resume Admitting Emergency Patients After Cyberattack
Two New York hospitals that were hit with a cyberattack have resumed admitting emergency patients after shutting down their computer systems to investigate, hospital officials said. The ambulance diversion ended Saturday night and the hospitals resumed admitting patients, hospital officials …
Read More Forest Service Sued Over Flooding Deaths in Wake of New Mexico’s Largest Recorded Wildfire
Relatives of three people who died last year in a flash flood stemming from the largest wildfire in New Mexico’s recorded history are suing the U.S. Forest Service. The wrongful death lawsuit filed earlier this month alleges the Forest Service …
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