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Posts by Hometown Insurance

5th Circuit Seeks Clarification from Louisiana Supreme Court on Application of Anti-Indemnity Act to Salt Mine

By Hometown Insurance | October 16, 2023
A federal appellate court is asking the Louisiana Supreme Court whether a law that was passed to protect oilfield contractors from demands by big oil companies that they be indemnified for their own mistakes also applies to contractors who work …
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People Moves: WTW Risk & Broking Names Marsh’s Powell as Chief Claims Officer; QBE Europe Promotes Keller as Head of Liability

By Hometown Insurance | October 16, 2023
This edition of International People Moves details appointments at WTW and QBE Europe. A summary of these new hires follows here. WTW Risk & Broking Names Marsh’s Powell as Chief Claims Officer WTW, the advisory, broking and solutions company, announced …
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New Jersey High Court to Hear E-Scooter Rider’s Bid for No-Fault Auto Benefits

By Hometown Insurance | October 16, 2023
David Goyco says he was like a bicyclist when he was injured while riding his low-speed electric scooter and hit by a car. Thus, he contends, he is entitled to personal injury protection (PIP) benefits from his auto insurer, Progressive …
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Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding

By Hometown Insurance | October 16, 2023
Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator that will fast-track insurance product development. Howden Ventures will draw expertise …
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California Governor Signs Bill Restricting Sharing Data from Cameras Inside Cabin of Vehicles

By Hometown Insurance | October 16, 2023
California Gov. Gavin Newsom signed a bill that gives consumers greater control over data captured by in-cabin cameras in their vehicles. The legislation, Senate Bill 296, authored by Senator Bill Dodd (D – Napa) and sponsored by the Consumer Federation …
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11 Sent to Hospital After Ammonia Leak at Southern California Building

By Hometown Insurance | October 16, 2023
An ammonia leak at a Southern California business sent 11 people to the hospital, authorities said. The leak was reported shortly before 9:15 a.m. on Friday in a commercial building in Buena Park, the Orange County Fire Authority said. The …
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Kids Suing Social Media Over Addiction Find a Win Amid Losses

By Hometown Insurance | October 16, 2023
Minors and parents suing Meta Inc.’s Facebook and other technology giants for the kids’ social media platform addictions won an important ruling advancing their collection of lawsuits in a California court. A state judge on Oct. 13 threw out most …
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Rutter’s Stores Pays $1 Million for Payment Card Data Breach

By Hometown Insurance | October 16, 2023
Pennsylvania Attorney General Michelle Henry announced a settlement with York-based convenience store chain, Rutter’s, regarding cybersecurity attacks that exposed information from more than a million customer payment cards. The attacks happened over a nine-month span in 2018 and 2019, involving …
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Progressive Q3 Earnings Skyrocket as Combined Ratio Gets Closer to Goal

By Hometown Insurance | October 16, 2023
Progressive Corp. posted significant improvement in third quarter earnings late last week – with net income of $1.12 billion compared to $124.1 million a year ago during the same period. Progressive gave a snapshot of it’s Q3 earnings in announcing …
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Florida Citrus Forecast Improves Over Last Year When Hurricanes Hit State

By Hometown Insurance | October 16, 2023
The forecast for Florida citrus, the state’s signature crop, is expected to improve in the upcoming season compared to last year when twin hurricanes battered the state at the start of the citrus season, according to estimates released Thursday. Florida …
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