Posts by Hometown Insurance

SPRINGFIELD, Ohio (AP) – Authorities in Ohio say there is no indication of any risk to public health from the derailment of a Norfolk Southern cargo train between Dayton and Columbus, the second derailment of a company train in the …

A proposed settlement for more than $4 million has been reached in the lawsuit brought by former Iowa football players who alleged racial discrimination in coach Kirk Ferentz’s program. The office of State Auditor Rob Sand disclosed the proposed settlement …

The Insurance Industry Charitable Foundation (IICF) recently hosted its 2023 IICF Media Roundtable. The March 2 event gathered leaders from 24 leading insurance organizations for a series of presentations focused on the state of charitable giving in the insurance industry …

The US Justice Department challenged JetBlue Airways Corp.’s $3.8 billion acquisition of Spirit Airlines Inc. Tuesday, filing an antitrust lawsuit seeking to block the deal. In a complaint filed in federal court in Boston, the Justice Department said the combination …

Connecticut lawmakers are considering imposing a surcharge on property/casualty insurers’ premiums from the fossil fuel industry. The proposal (SB-1115) calls for a tax of 5% of any property/casualty premiums any insurer licensed in the state receives from fossil fuel companies …

Climate change is already having a major economic and financial impact on the United States and may trigger asset value losses in coming years that could cascade through the U.S. financial system, Treasury Secretary Janet Yellen will warn on Tuesday. …

Rancho Cucamonga, California-based Aspire General Insurance Co. is expanding into the Arizona marketplace. According to Tyler Nicholson, vice president of marketing at Aspire General, the move into Arizona is the first state in an aggressive state expansion plan. Aspire General …

Swiss Re has closed a US$700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon an innovative hybrid transaction concluded with J.P. Morgan in April 2022, which was the first of its kind to combine …

The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body conducted a review into his behavior. The CBI said it had already conducted an internal investigation into Danker’s workplace behavior …

Verlingue Ltd., the UK chartered insurance broker, has established a dedicated media practice under plans to expand its presence in the fast-growing independent media sector. The team, headed up by Maia Olesen, client director, will focus on independent advertising agencies …