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Posts by Hometown Insurance

California Assembly Passes Insurance Accelerator Bill for Clean-Fuel Truck Fleets

By Hometown Insurance | May 4, 2023
The California State Assembly unanimously voted for a bill that will help accelerate the transition to clean-air technology by making sure clean fleets have access to available and affordable commercial insurance. Assembly Bill 844, the Clean Fleet Insurance Accelerator legislation …
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Insurer Group Concerned Over FIO Climate-Related Data Collection Effort

By Hometown Insurance | May 4, 2023
The National Association of Mutual Insurance Companies is airing concerns over what the group calls a “duplicative data call” issued by the Federal Insurance Office on climate change. The concerns are being expressed by NAMIC as part of a bipartisan …
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AM Best Revises Outlook to Negative for Louisiana Farm Bureau Mutual

By Hometown Insurance | May 4, 2023
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau) (Baton Rouge, …
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People Moves: Atkins Joins XPT Specialty as VP and Wholesale Casualty Broker

By Hometown Insurance | May 4, 2023
Atkins Joins XPT Specialty as Vice President and Wholesale Casualty Broker Drew Atkins has joined XPT Specialty’s Texas-based operations as vice president and wholesale casualty broker. XPT is headquartered in New York, New York. Atkins started his career as a …
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People Moves: Celina Insurance Group Promotes Harlamert and Montgomery

By Hometown Insurance | May 4, 2023
Celina Insurance Group Promotes Harlamert and Montgomery Celina Insurance Group, headquartered in Yorktown, Indiana, recently promoted Trisha Harlamert to vice president of underwriting and Scott Montgomery to vice president of distribution. Harlamert has been with Celina for 27 years. She …
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Michigan Baby Formula Manufacturer Sued for Disability Discrimination

By Hometown Insurance | May 4, 2023
Mead Johnson & Company, a manufacturer of baby formula, violated federal law at its Zeeland, Michigan facility by failing to provide a reasonable accom­modation to an employee with a disability, the U.S. Equal Employment Opportunity Commis­sion (EEOC) charged in a …
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On Illinois Highway, Blinding Dust, Then ‘Crash After Crash’

By Hometown Insurance | May 4, 2023
DIVERNON, Ill. (AP) – Winds stirred up a wall of dust from farm fields that engulfed a stretch of busy interstate highway in a matter of minutes. The brown cloud’s intensity caked even the insides of vehicles in dirt. As …
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Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding

By Hometown Insurance | May 4, 2023
Chubb CEO Evan Greenberg said society and the business community need to start asking questions regarding the purpose of third-party litigation funding, a major contributor to increases in frequency and severity within casualty lines. “What social purpose does litigation funding …
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`Insufficient Support’ Blamed for Collapse of Georgia Federal Courthouse Under Renovation

By Hometown Insurance | May 4, 2023
Construction crews had placed “insufficient support” beneath part of an upper floor that collapsed during renovations on the 124-year-old federal courthouse in Savannah, according to the government agency overseeing the project. Three construction workers were injured April 11 when a …
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Fla. Solons Pass Accountability Bill, Banning Unexplained Changes to Adjuster Reports

By Hometown Insurance | May 4, 2023
After years of chipping away at incentives for lawsuits against property insurers, the Florida Legislature has approved the Insurer Accountability Act, codifying some best practices in claims handling and requiring more reporting by carriers and regulators. Senate Bill 7052 passed …
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