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Posts by Hometown Insurance

Arizona Interstate Reopens After Deadly Crash, Leak

By Hometown Insurance | February 17, 2023
The main freeway in southern Arizona reopened in both directions evening and officials said people living southeast of downtown Tucson could return home a day after a deadly crash sent acrid plumes into the desert sky and prompted evacuations. “The …
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Kentucky Bill Advances, Would Give Lawmakers More Control of Relief Funds

By Hometown Insurance | February 17, 2023
Kentucky lawmakers took an initial step Wednesday toward giving themselves oversight of relief funds like the ones the governor created to help people recover from tornadoes and flooding. The measure, which sailed through a Senate committee, calls for an annual …
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Georgia Senate Votes To Regulate Vaping Same as Smoking

By Hometown Insurance | February 17, 2023
Georgia lawmakers are moving to restrict vaping in public spaces. The state Senate voted 51-3 on Wednesday to pass Senate Bill 47, which would regulate vaping in the same way the state already regulates smoking. The measure moves to the …
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Markets/Coverages: CFC Launches Policy Encryption for Cyber Cover in Industry First

By Hometown Insurance | February 17, 2023
CFC Underwriting, the specialist managing general agent, announced it is introducing policy encryption for its cyber insurance policies – and is the first provider in the industry to do so. Leveraging its mobile app for cyber to deliver the encryption …
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Insurer Can’t Object to Asbestos Makers’ Bankruptcy Despite Fraud Concerns

By Hometown Insurance | February 17, 2023
A liability insurer has no standing to object to its insured’s bankruptcy plan, even if the carrier feels that the plan unfairly exposes it to potentially fraudulent claims, a federal appeals court decided this week in an asbestos case that …
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G20-Backed Standards Body Approves First Global Company Sustainability Rules

By Hometown Insurance | February 17, 2023
The G20-backed International Sustainability Standards Board on Thursday approved “global baseline” rules for firms disclosing how climate change affects their business, after calls to curb greenwashing in a “pivotal” year for climate reporting. Subject to ‘balloting’, or standard checks before …
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Extreme Weather May Force New Zealand to Rethink Where It Builds: Finance Minister

By Hometown Insurance | February 17, 2023
New Zealand faces big questions about where people should live and how to build infrastructure as the devastating aftermath of Cyclone Gabrielle highlights the impact of climate change, Finance Minister Grant Robertson said. The cyclone swept across the Upper North …
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Allianz Returns to Q4 Net Profit After U.S. Funds Debacle

By Hometown Insurance | February 17, 2023
Germany’s Allianz on Friday swung to a fourth-quarter net profit, marking a return to the black after taking big charges a year earlier for a U.S. funds scandal. The fourth quarter was helped by strength at its life and health …
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Tesla Recalls 362,000 Vehicles Over Full Self-Driving Software

By Hometown Insurance | February 17, 2023
Tesla Inc. said it would recall 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. The …
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Insurers, Leasing Firms Push European Commission for Access to Valuable Vehicle Data

By Hometown Insurance | February 17, 2023
A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the initiative shelved after European Parliament …
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