Posts by Hometown Insurance
French Insurers Say Cost of Riots Totals $305 Million, So Far
French insurers have so far received around 5,900 claims worth a total of some €280 million ($305 million) resulting from damage caused during a week of riots following the police shooting of a teenager. This compares with 10,000 claims for …
Read More Why Did It Take a Pandemic to Drive Electronic Placement in the London Market?
Electronic placing in the London market was a long time coming, with many obstacles to overcome – It took the pandemic to prove electronic placement is a benefit not a threat and, now it’s here to stay, we’re heading full …
Read More Court Says Fear Created by Data Breach Suffices for Class-Action to Proceed
Former customers of Injured Workers Pharmacy whose personal information was stolen by hackers and allegedly used to file a fake tax return may pursue a class-action lawsuit against the company, a panel of the 1st District Court of Appeal ruled …
Read More ‘Synthetic’ Agents? Lemonade Says Finance Deal Limits Cash Burn
Late last week, Lemonade announced a financial agreement to borrow 80% of the costs it incurs to acquire insurance customers from a venture firm. The insurtech carrier revealed the deal in a media statement and several social media messages. The …
Read More Twitter Accused of Ducking a Fight Over Musk’s Mass Layoffs
Twitter Inc. is refusing to engage in arbitration with ex-employees who were fired when Elon Musk took over the company after pushing them to use that process to resolve claims that they weren’t paid, didn’t get promised severance, or were …
Read More Fla. High Court: 2-Year Statute of Repose Applies, Even in Liability Insurance Suits
A Florida Supreme Court decision has put to rest some questions about whether a statute of limitations on lawsuits can be extended just because the insurance carrier is a party being sued. It cannot, the court held last week in …
Read More Know the Plaintiff Side Through Data, Drive Down Litigation Costs
One of the most significant challenges facing property and casualty (P&C) insurers is the sheer volume of unstructured data from various sources needed to make informed decisions. The claims process is complex, often involving multiple parties, varying legal issues and …
Read More Using Forklift to Tow Vehicle at Night Not Covered by Shop’s Liability Policy – MS Court
Using the boss’ forklift to tow a personal vehicle to a welding shop at night is not work-related and is not covered by a Penn-Star Insurance commercial liability policy, the Mississippi Supreme Court has decided. “The trial court’s order denying …
Read More Truck Driver Who Triggered Deadly Arizona Freeway Collision Had Just Been on Tiktok
A tractor-trailer driver was on the social media app TikTok just before causing a Phoenix-area freeway collision that killed five people, authorities said. The Arizona Department of Public Safety announced in a news release that 36-year- old Danny G. Tiner …
Read More Mercury Offering New Homeowners and Renters Coverages and Discounts in Nevada
Los Angeles, Calif.-based Mercury Insurance announced five new coverages and five new discounts available for homeowners and renters in Nevada. Mercury’s new coverages provide additional insurance protections with an option for environmentally-friendly replacement products. Discounts are available for homeowners already …
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