Posts by Hometown Insurance
AI for the Defense: Should Insurers or Law Firms Pay?
The idea that AI tools can help plaintiffs’ lawyers to improve finely tuned litigation strategies that ultimately drive insurance company claims payouts is not new to Carrier Management readers. Nor is the suggestion that defense firms need to try to …
Read More Florida Needs More, Much More Wind Mitigation. Experts at OIR Summit Give Ideas
Florida has the largest wind-mitigation grant program in the country, providing more than $300 million to homeowners over the last few years and resulting in insurance premium discounts for thousands of people. But it’s not enough. The program is not …
Read More India Approves $1.4 Billion Maritime Insurance Pool
India has approved a maritime insurance pool of 129.8 billion Indian rupees ($1.40 billion), Ashwini Vaishnav, minister for Information and Broadcasting, said on Saturday. The pool is for 10 years can be extended to five more years, Vaishnav said in …
Read More State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims in Arkansas
A federal judge last month approved a preliminary class settlement resolving claims that State Farm underpaid Arkansas policyholders for total loss vehicle claims by applying an erroneous valuation method. Under the settlement agreement, State Farm will pay $15.6 million to …
Read More Shipping Firms Seek Clarifications Before Transiting Now-Opened Strait of Hormuz
Shipping companies have cautiously welcomed Iran’s announcement that the Strait of Hormuz is open but said they would require clarifications before vessels move through the entry point to the Gulf. Foreign Minister Abbas Araqchi said on Friday that the Strait …
Read More Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency
Marsh aims to be an “AI winner” through growth, productivity and efficiency gains, according to John Doyle, president and CEO of the broker and risk adviser. “[W]e see AI as a powerful accelerator and enabler in delivering value to our …
Read More Pensylvaia Firefighters Back on Job After 6-Day Insurance Lapse
The two volunteer fire departments serving the western Pennsylvania borough of Vandergrift have resumed responding to 911 calls. Mayor Lenny Collini said the firefighters returned to their stations on Thursday after a six day interruption due to a lapse in …
Read More NYC Mayor Eyes City-Run Insurance Program for Affordable Housing
New York City Mayor Zohran Kwame Mamdani is seeking to lower the cost of property and liability insurance for affordable and rent-stabilized housing through a new city-run insurance program. Mamdani plans to hire independent actuarial experts to design and launch …
Read More People Moves: PIA Arkansas’ Shearon to Retire as Executive Director
The Professional Insurance Agents of Arkansas (PIA Arkansas) announced that Executive Director Staci Shearon will retire effective May 29, 2026, concluding nearly 20 years of leadership and service to the association and the independent insurance community. Shearon informed the PIA …
Read More Michigan Updates Air Quality Risk System Ahead of Wildfire Season
After Canadian wildfires brought extremely poor air quality to Detroit in the summers of 2023 and 2025, Michigan is updating how it communicates air quality risks to residents this year. The state is streamlining a system that has evolved with …
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