Posts by Hometown Insurance
Actress Utah Ski Collision Trial Brings Doctors to Stand
Doctors are expected to testify this week in a trial about a 2016 ski crash between Gwyneth Paltrow and a retired Utah man suing her and claiming her recklessness left him with lasting injuries and brain damage. On the opening …
Read More U.S. Employers Must Be Careful in Drafting Severance Agreements, Labor Board Warns
A recent U.S. labor board ruling limiting what employers can include in severance agreements is a reminder that companies must be careful not to ask workers to sign away their rights, the agency’s top prosecutor said on Wednesday. National Labor …
Read More TikTok, Transit Authority Face Wrongful Death Suit Over New York Teenager’s Death
Chinese company ByteDance and its popular social media platform TikTok are facing a wrongful death suit in New York over the 2022 death of a teenager. The suit alleges that TikTok sent thousands of unsolicited suicidal videos to 16 year-old …
Read More U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022
The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, down $21.5 billion from the prior year’s underwriting loss of $5 billion, according to a report published by AM Best. The underwriting loss came despite an …
Read More Florida Insurance Agent Who Used $5M in Premiums for Safari, Condos Gets 14 Years
More than 18 months after he pleaded guilty to absconding with almost $5 million in premiums, a Florida insurance agent has been sentenced to 14 years in prison. John M. Thomas, 52, the former owner of Thomas Insurance agency in …
Read More These Southwestern Counties Were Ranked Safest from Natural Disasters
A city in New Mexico and five counties in Colorado ranked in the top 10 for lowest-risk areas for natural catastrophes. A study by global property information provider CoreLogic detailed the least risky places to live in the U.S. from …
Read More Long-Term Drought in Spain Expected to Bring More Heatwaves, Wildfires
MADRID (AP) – Spain has officially entered a period of long-term drought, owing to high temperatures and low rainfall over the past three years, and likely faces another year of heatwaves and forest fires. The country’s Aemet weather agency said …
Read More Lloyd’s of London Swings to 2022 Pre-Tax Loss on Investments but U/W Profits Up
Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on Thursday. The pre-tax loss was 800 million pounds ($982.56 million), compared with a profit of 2.3 billion pounds a year …
Read More Japanese Shipping Firm Seeks Government Support for Russia Insurance Risk
Major Japanese shipping company Nippon Yusen KK is seeking a government guarantee to insure vessels at risk from Russia’s war in Ukraine. Conditions for getting war insurance for ships entering Russian territorial water have gotten stricter, said Takaya Soga, the …
Read More Oil Spills and Near Misses: Growing Numbers of Ghost Tankers Ship Sanctioned Fuel
An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control. These vessels were part of a “shadow” fleet …
Read More