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Posts by Hometown Insurance

Ignited by Pandemic Changes, Insurers Embraced Innovation

By Hometown Insurance | April 5, 2023
The pandemic kickstarted the new wave of accepting and using innovative systems and methods in the insurance industry. It opened eyes to the ways that innovations and technology could do more than just efficiently get the work done. While the …
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Georgia Crash Sends 14, Including Children, to Hospital

By Hometown Insurance | April 5, 2023
A crash involving three vehicles in coastal Georgia early Monday sent 14 people to the hospital with injuries, authorities said. The wreck happened about 3 a.m. in McIntosh County when an SUV traveling the wrong way struck a passenger van …
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Hub’s SPG Acquires Squaremouth Travel Insurance Platform

By Hometown Insurance | April 5, 2023
Specialty Program Group, a holding company established to acquire specialty insurance firms, has purchased the travel insurance service known as Squaremouth. Headquartered in St. Petersburg, Squaremouth offers travel insurance through a digital quote and comparison platform and has insured more …
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2 Killed in Construction Trench Accident at New York’s JFK Airport

By Hometown Insurance | April 5, 2023
Two workers were killed in a construction accident at New York’s John F. Kennedy International Airport on Monday, officials said. The Port Authority of New York and New Jersey, which runs the airport, said the two workers got trapped under …
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South Carolina Safety Inspections Discriminate Against Black Workers, Union Says

By Hometown Insurance | April 5, 2023
South Carolina’s workplace safety agency “engages in egregious discrimination,” by failing to inspect industries with high percentages of Black workers, a union alleged in a federal complaint. The South Carolina Occupational Safety and Health Administration has neglected fields with more …
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Markets/Coverages: Insurtech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo

By Hometown Insurance | April 5, 2023
Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd’s of London. The multi-year arrangement initially will bring $20 million in new capacity to the perishable cargo market and will leverage Parsyl’s …
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UK Water Companies to Face Unlimited Fines for Polluting Rivers, Sea

By Hometown Insurance | April 5, 2023
Water companies will incur unlimited fines for polluting rivers and the sea under new UK legislation to protect the environment, according to the Department for Environment, Food and Rural Affairs. Therese Coffrey, the environment secretary, will announce plans [this week] …
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3M’s Bid to Shield Itself From Earplug Lawsuits Faces Skeptical Judges

By Hometown Insurance | April 5, 2023
Federal appeals court judges on Tuesday appeared skeptical of 3M’s bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over allegedly defective military-issue earplugs. Paul Clement, a lawyer for Aearo, urged a …
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Distraction, Speeding, Alcohol Drive Up 2021 Traffic Deaths

By Hometown Insurance | April 5, 2023
Nearly 43,000 people died in U.S. traffic crashes in 2021, the highest number in 16 years with deaths due to speeding and impaired or distracted driving on the rise. The 2021 final numbers, released Monday by the National Highway Traffic …
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J&J Unit Files for Second Bankruptcy to Pursue $8.9B Talc Settlement

By Hometown Insurance | April 5, 2023
Johnson & Johnson has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, the company said. The amount dwarfs J&J’s original offer of $2 …
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