Posts by Hometown Insurance
Iowa Farmers Eligible for $5 per Acre Discount on Spring Crop Insurance Premiums for Planting Fall Cover Crops
Iowa farmers and landowners who plant fall cover crops will soon have the opportunity to apply for a $5 per acre discount on their spring crop insurance premiums, Iowa Secretary of Agriculture Mike Naig announced. Farmers and landowners may start …
Read More As Criminal Trial Opens, FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage
Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance company seeking payment of legal costs. The suit …
Read More California Workers’ Comp Written Premium in 2022 Was Near Pre-Pandemic Level
Written premium in 2022 was 14% higher than 2021 and almost at the pre-pandemic level – an increase was driven by higher employee wage levels and the economic Recovery, according to a new report out on Wednesday from the Workers’ …
Read More Ex-Tesla Factory Worker Loses Bid in California for New Trial in Race Bias Case
A Black former factory worker for Tesla lost his bid on Wednesday for a third trial in his race discrimination lawsuit against the electric carmaker, after a California federal judge rejected his claims that the company’s lawyers had engaged in …
Read More Hawaii Electric’s Insurance is Fraction of Potential Fire Claims
Nearly two months after the deadly Maui wildfires, Hawaiian Electric Co. revealed the limited scope of insurance coverage it holds in the face of potentially billions of dollars in damage claims. Hawaiian Electric has $165 million in annual general liability …
Read More People Moves: DUAL Launches Marine Hub in Rotterdam, Hiring 2 Former MS Amlin Underwriters; Generali Taps Allianz’s Terzariol to Lead Newly Created Insurance Division
This edition of International People Moves details appointments at DUAL Europe and Generali. A summary of these new hires follows here. DUAL Launches Marine Hub in Rotterdam, Hiring 2 Former MS Amlin Underwriters DUAL Europe announced its continued expansion in …
Read More Farmers, USAA Lead Pack in Hiking Homeowners Insurance Rates in 2023: S&P
Farmers Insurance Group of Cos. and United Services Automobile Association (USAA) have increased homeowners insurance rates by nearly 15% each to lead all other insurers. According to S&P Global Market Intelligence‘s RateWatch application, Farmers’ year-to-date calculated effective rate change on …
Read More Georgia Woman Charged with Forging Hospital Invoices in $1.5M Insurance Fraud
A Georgia woman has been charged with faking hospital reports to the tune of $1.5 million in an effort to defraud her insurance companies, authorities said. Denna Rochelle Conaway, 54, of Rome, Georgia, claimed that her son was involved in …
Read More Gallagher Buys Louisville-based Altman Insurance Services
Arthur J. Gallagher, the global insurance brokerage and consulting firm, has acquired Kentucky-based Altman Insurance Services, an employee benefits brokerage and consultancy, Gallagher said in a news release Wednesday. Terms of the deal were not disclosed. Altman, with offices in …
Read More Ex-MLB L.A. Dodgers Pitcher, Woman Who Accused Him Of Assault Settle Legal Dispute
Former major league pitcher Trevor Bauer and a woman who accused him of beating and sexually assaulting her in 2021 have settled their legal dispute, Bauer`s attorneys said Monday. “Both of their respective claims have been withdrawn with prejudice, effective …
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