Posts by Hometown Insurance
Georgia Laws on Ride-Share Insurance, Hospital Assaults Kick In July 1
Two Georgia laws take effect Saturday, July 1, that affect insurance for ride-share operators and, potentially, workers’ compensation claims from hospital workers. House Bill 529 lowers the minimum amount of uninsured and underinsured motorists’ coverage that ride-share companies must maintain. …
Read More Georgia Agents Name Washowicz President
The Independent Insurance Agents of Georgia this month installed Woodstock agent Wendi Washowich as president. Washowich is a client executive at Hamby and Aloisio Risk Management and Insurance in Atlanta and has been active in the IIAG for years, the …
Read More Travelers Must Pay $2M for Yacht Lost in Irma: Florida Law Bars ‘Technicality’ Denials
Travelers must pay a $2 million claim by the owner of a 92-foot-long yacht that was sunk by Hurricane Irma because Florida law does not allow insurers to deny claims based on inconsequential technicalities. A panel of the U.S. 11th …
Read More Car Dealer Shielded From Liability in ‘Courtesy’ Car Accident
Massachusetts car dealerships that provide customers with a courtesy vehicle to use while their car is being repaired are protected by federal law from liability should the courtesy car be in an accident, despite a state law that presumes the …
Read More Credit Ratings for New York Schools Insurance Reciprocal Downgraded
AM Best has downgraded the Financial Strength Rating to A-(Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of New York Schools Insurance Reciprocal (NYSIR) in (Uniondale. The outlook of these …
Read More Siemens and UCLA Say Data Compromised in MOVEit Data Breach
Siemens Energy and the University of California, Los Angeles (UCLA) said on Tuesday they were among victims of the MOVEit hack that has affected scores of corporations, governments and other institutions in recent weeks. The hackers behind the wide-ranging breach, …
Read More Man and Stepson Die After Hiking in Extreme Heat in West Texas National Park
BIG BEND NATIONAL PARK, Texas (AP) – A Florida man and his 14-year-old stepson died after hiking in extreme heat at Big Bend National Park in West Texas, according to officials. The 31-year-old man had been hiking the Marufo Vega …
Read More Tornado and Other Severe Weather Kill 3, Damage Homes, and Knock Out Power in Multiple States
SHOALS, Ind. (AP) – A tornado struck an Indiana home, killing a man and injuring his wife while two people died in Arkansas after a tree fell onto a house there as severe weather rumbled through several states. The tornado …
Read More Michigan’s Hagerty Raises $105M
Hagerty, Inc., an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, announced that the company is raising $105 million in capital from existing strategic investors including State Farm, Markel Group and the …
Read More American Financial Group Names Berding President
American Financial Group, Inc. said John B. Berding has been elected president of AFG, effective immediately. Berding will continue to serve as president of American Money Management Corporation (AMMC), AFG’s subsidiary providing investment management services to AFG, its insurance subsidiaries …
Read More