Posts by Hometown Insurance
Lukoil Buys Into AIG’s Former Russian Subsidiary
Russia’s second-largest oil producer Lukoil has bought into insurance company GARDIA, a former subsidiary of AIG, one of the world’s biggest commercial insurers, GARDIA said earlier this week. (Editor’s note: Reuters included a note with this article saying: “This content …
Read More Minnesota Prepares for Flooding on Mississippi, Other Rivers
STILLWATER, Minn. (AP) – The Metropolitan Airports Commission temporarily shut down flight operations for much of Tuesday at the St. Paul Downtown Airport while crews installed flood control barriers to hold back rising water on the Mississippi River. St. Paul, …
Read More Iowa Lawmakers Advanced Bill to Loosen Child Labor Laws
DES MOINES, Iowa (AP) – Lawmakers in Iowa’s Senate passed a controversial bill Tuesday that would allow minors to work longer hours and work in currently banned roles, like serving alcohol at restaurants, the Des Moines Register reported. Supporters of …
Read More Auto Insurance Shopping Rises as Consumers Seek Better Rate
Auto insurers have been forthcoming in their desire to achieve rate to match increases in claims costs and, so far in 2023, consumers are not standing by. According to a quarterly report from J.D. Power, in collaboration with TransUnion, the …
Read More Plaintiffs ‘Shocked’ as Judge Ends Hartford Police Consent Decree Imposed in 1973
A judge has ended the nearly 50 years of federal oversight of police in Hartford, Connecticut, despite continued concerns the department still has not hired enough minority officers to reflect the city’s large Black and Hispanic populations. U.S. District Judge …
Read More People Moves: Landy Agency Hires McNamara for Marketing/Sales; XPT: S&H Adds March, Specialist Adds Martincich
Herbert H. Landy Agency Hires McNamara as Marketing and Sales VP Herbert H. Landy Insurance Agency has hired Stephanie McNamara as national marketing and sales vice president. McNamara brings over 30 years of experience in the insurance industry to the …
Read More Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses
Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March. Losses in March were attributed to 10 events with 75% of losses related …
Read More Workers’ Comp Takes Bite Out of Employee’s Right to Sue Third Party: Pennsylvania High Court
A Pennsylvania employer cannot be sued for blocking an employee from suing the third party responsible for her workplace injury, the state’s high court has ruled in reversing two lower courts. In a case involving an employee who was bitten …
Read More Tennessee Lawmakers Move to Shield Gun Makers From Lawsuits After Shooting
In the wake of a deadly school shooting last month, Republican lawmakers in Tennessee awarded final passage Tuesday to a proposal that would further protect gun and ammunition dealers, manufacturers and sellers against lawsuits. The Senate’s 19-9 vote sends the …
Read More Insured Losses from Mississippi Tornado Nearing $100 Million
Insurance losses from the March tornado that carved a path of destruction through parts of Mississippi are approaching $100 million, and uninsured losses will likely exceed that number, the state insurance department announced Tuesday. The damage is particularly severe in …
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