Posts by Hometown Insurance

Three former executives of a company that makes machines that test lead levels in humans deliberately concealed a problem with the devices that produced falsely low results for tens of thousands of children, federal prosecutors in Boston said last week. …

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of R&Q Insurance Holdings’ three wholly owned program management subsidiaries: Accredited Surety and Casualty Co. …

The office vacancy rate in downtown Toronto reached its highest point since 1995 as the persistence of remote work damps companies’ need for space in Canada’s most-populous city. The vacancy rate in the city core, home to the largest Canadian …

Reported demise of the independent insurance agency as a sales and distribution channel have been greatly exaggerated. Over the course of a decade or more of predictions about the growth of the direct-to-consumer models, independent agents continue to thrive and …

Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry may be larger than initially expected. Private passenger automobile insurance is the largest segment of the U.S. property/casualty insurance industry, …

The U.S. Environmental Protection Agency is set to propose new rules to spur sweeping cuts in vehicle emissions pollution that will push automakers towards a big increase in electric vehicle sales, sources told Reuters. The proposed rules are expected to …

The practice of insurance companies revising independent adjusters’ damage reports may be as widespread in Louisiana as it is in Florida, according to adjusters and a plaintiffs’ attorney who has filed a lawsuit over it. “They changed my estimate completely. …

While the Catholic Archdiocese of Baltimore has long touted its transparency in publishing the names of clergy credibly accused of sexual abuse, a report released this week by the Maryland attorney general’s office raises questions about whether the church’s list …

HAMDEN, Conn. (AP) – A Connecticut woman who was seriously injured when a police officer opened fire on her and her boyfriend as they sat in a car unarmed has settled a lawsuit over the shooting for about $1.1 million. …

Wright National Flood Insurance Services has announced its entrance into Illinois by introducing an admitted, stand-alone private flood insurance product as the next state in the continued expansion of the company’s ResiFlood program. Wright Residential Private Flood Insurance can be …