Posts by Hometown Insurance

A New York federal judge has refused to lower the curtain on a Covid-19 business loss claim by the owner of five Broadway theaters because the entertainment insurance policy language is ambiguous as to whether the theater suffered one loss …

The Environmental Protection Agency is expected to propose restrictions on harmful “forever chemicals” in drinking water after finding they are dangerous in amounts so small as to be undetectable. But experts say removing them will cost billions, a burden that …

The National Highway Traffic Safety Administration (NHTSA) said Wednesday it is opening a preliminary investigation into 120,000 2023 Tesla Model Y vehicles after two reports of steering wheels falling off while driving. The U.S. auto safety regulator said the steering …

Georgia’s Stegeman Coliseum has been closed for repairs after a small piece of concrete fell from the ceiling of the nearly 60-year-old facility that hosts several of the university’s sports teams and school graduation ceremonies in the spring. No one …

Heritage Insurance Holdings Inc. (HRTG) on Thursday reported fourth-quarter net income of $12.5 million, after reporting a loss in the same period a year earlier. For the year 2022, though, the company reported that its loss widened to $154.4 million, …

Crawford & Co. (CRD. A), a claims management and adjusting firm for insurers, reported a fourth-quarter loss of $14.1 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Atlanta-based company said it …

ReFlex Solutions Ltd., a new independent reinsurance brokerage, has launched in Bermuda with near-term plans for expansion into London and the U.S. The new business is led by Neville Ching, an industry veteran with 40 years’ experience in broking. The …

This edition of International People Moves details appointments at Hiscox, Optio Group and Conduit Re. A summary of these new hires follows here. Childs to Retire as Chair of Hiscox Board Hiscox Ltd., the international specialist insurer, announced that Robert …

Azur Group, the UK-based insurtech, has agreed to sell its technology services business to its senior managers, backed by prominent angel investors. The new company will be called Azur Technology and will focus on the development of digital systems for …

A tropical cyclone churning off the coast of Madagascar and expected to make landfall for a second time in Mozambique on Saturday — packing winds of as much as 190 kilometers (118 miles) per hour — appears to have smashed …