Posts by Hometown Insurance
Insurer Aviva Says UK Demand for Private Health Jumped Amid NHS Strikes
UK insurer Aviva Plc said demand for private health care continued to surge as more individuals and companies look for alternatives to the National Health Service. Private health insurance sales grew 25% in the first quarter, the UK based insurer …
Read More Lloyd’s of London CEO Neal Calls for Rethink of UN Climate Alliance Rules
A global climate alliance for insurers needs to make its membership rules less prescriptive or risk falling apart, the boss of Lloyd’s of London said after political pressure from some U.S. states prompted some companies to leave. The United Nations …
Read More No Way to Police All Cryptocurrency Fraud, CFTC Commissioner Says
A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases. Christy Goldsmith Romero, one of five commissioners at the Commodity …
Read More USI Awarded Over $2M by Federal Jury in Case Against Former Employees
A federal judge in Atlanta this week awarded USI Insurance Services more than $2 million in compensatory and punitive damages to be paid by three former executives of its aviation group for breach of their employment contracts. According to court …
Read More Actual Cash Value on Roof Claims a Fairer, Simpler Way to Pay
In the May 15, 2023 Insurance Journal, independent adjuster Ben Mandell shared an opinion that Florida insurance policies have “one glaring endorsement that is missing” – roof endorsements that could have “eliminated or greatly minimized” Florida’s insurance crises. He argues …
Read More Crum & Forster Policy Covered Only Accidents, Not Intentional Pollution, Appeals Court Says
Greasy, toxin-laden wastewater discharges by a Mississippi animal feed maker were not accidents and thus are not covered by a Crum & Foster pollution policy, a federal appeals court decided this week in a case that stemmed from an investigation …
Read More Firefighting Foam Contaminates Public Water for About 9,000 in Maine
WATERVILLE, Maine (AP) – Firefighting foam used in battling a fatal fire in an apartment building entered the public water system, prompting the water district to order thousands of residents not to drink the water. The do-not-drink order went into …
Read More EU Sets Out Plans to Cut Price of Financial Products Offered by Banks, Insurers
The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial products to encourage investment and make its capital market deeper and more efficient. The retail investment package toughens up existing …
Read More Anti-ESG Rhetoric in U.S. Prompts Urgent Talks as Insurers Quit Climate Coalition
The world’s biggest climate coalition for insurers is set to hold emergency talks after a wave of defections revealed the extent to which anti-ESG rhetoric in the US is unsettling members. Signatories of the Net Zero Insurance Alliance are due …
Read More UN Says U.S. Concerns Have Led to Insurers Quitting Climate Alliance
The United Nations Environment Programme on Wednesday said “recent discussions within the United States” had been behind four insurance firms quitting a UN-convened alliance aimed at reducing carbon emissions in recent months. Republican federal and state lawmakers, governors, and attorneys …
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