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Posts by Hometown Insurance

Federal Aid Available for Washington Residents Impacted by Floods

By Hometown Insurance | April 14, 2026
Federal disaster assistance has been made available for Washington residents impacted by the December 2025 floods. The Federal Emergency Management Agency made aid is available to people in the counties of Chelan, Grays Harbor, King, Lewis, Pacific, Pierce, Skagit, Snohomish, …
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Pennsylvania Approves 1.2% Workers’ Compensation Costs Reduction

By Hometown Insurance | April 14, 2026
Pennsylvania regulators have approved a decrease of 1.22% in loss costs for workers’ compensation insurance effective April 1. New or renewed policies issued on or after that date will reflect the updated loss costs. Because loss costs are factored into …
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Prosecutor Identifies Victim in Fatal Shooting at New Jersey Chick-Fil-A

By Hometown Insurance | April 13, 2026
Officials in Union Township, New Jersey released the identity of the individual killed during Saturday night’s shooting at Chick-Fil-A on Route 22. The deceased has been identified as Malek Shepherd, age 23, of New York City, according to the Union …
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People Moves: Everest’s Izzo Joins AXIS as CCO; Liberty Mutual Elects Canney to Board of Directors

By Hometown Insurance | April 13, 2026
Everest’s Izzo Joins AXIS as Chief Commercial Officer AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Anthony Izzo as chief commercial officer. Izzo will report directly to Vince Tizzio, President and CEO of AXIS, and will work out of …
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Jury Orders Abbott to Pay $70M in Preterm Infant Formula Trial

By Hometown Insurance | April 13, 2026
A jury in Chicago said Abbott Laboratories must pay $70 million in damages to a group of families that had accused the company of failing to warn that its formula for premature infants can cause a potentially deadly bowel disease, …
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Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’

By Hometown Insurance | April 13, 2026
Lululemon Athletica Inc. fell in New York trading Monday after the Texas attorney general said his office is investigating for the presence of so-called “forever chemicals,” which have been linked to health problems, in the yogawear brand’s apparel. “Emerging research …
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Bamboo Insurance Launches Condo Owner Offering for Californians

By Hometown Insurance | April 13, 2026
Bamboo Insurance launched a new condominium unit‑owners (HO‑6) insurance policy in California. The product is designed to address the insurance needs of condominium owners in the state, where coverage requirements often involve coordination between individual unit policies and homeowners association …
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IBM Agrees to Pay Government $17 Million in DEI Settlement

By Hometown Insurance | April 13, 2026
In the first outcome of the U.S. Department of Justice’s Civil Rights Fraud Initiative, IMB has agreed to about $17 million to settle charges related to the company’s diversity, equity, and inclusion (DEI) practices. “Racial discrimination is illegal, and government …
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Markets/Coverages: DUAL UK Enhances Cyber Binder With Increased Limits

By Hometown Insurance | April 13, 2026
DUAL has significantly strengthened the scope of its global cyber and technology capabilities, offering increased primary limits for risks with revenues up to £1 billion and enhanced excess limits for risks up to £5 billion. Backed by a number of …
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China’s Ping An Seeks to Sell $1 Billion Software-Focused PE Assets

By Hometown Insurance | April 13, 2026
China’s biggest insurer Ping An Insurance Group is seeking to reduce software-focused private equity exposure by selling its stakes in some funds, according to people familiar with the matter. The insurer has tapped Campbell Lutyens to offload stakes worth about …
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