Posts by Hometown Insurance

While executives of Tesla said the car maker’s insurance business isn’t yet big enough to warrant separate financial disclosure of its results, Chief Executive Officer Elon Musk reiterated a benefit for Tesla owners: cheaper premiums. Speaking on an earnings conference …

The South Carolina Workers’ Compensation Commission will hold a hearing Feb. 13 on the proposed, 2023 medical service provider manual, which includes new fee schedules and an anesthesia conversion factor. FairHealth, consultants hired in several states to analyze workers’ compensation …

A woman who was seriously injured when the parked patrol car she was detained in was hit by a freight train filed a lawsuit against police, accusing three officers of acting recklessly and failing in their duty to take care …

A federal lawsuit in Nevada is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019, alleging that most hotel-casinos on the Las Vegas Strip have used a third-party vendor to illegally fix prices. The …

Investigators looking into the collapse of a Pittsburgh bridge nearly one year ago are looking closely at damage to the legs of the structure, the National Transportation Safety Board said Thursday. An agency update on the Jan, 28, 2022, failure …

AIG late Monday terminated interim Chief Financial Officer Mark Lyons after he “violated his confidentiality/non-disclosure obligations,” the company said. Lyons was just appointed interim CFO earlier this month when CFO Shane Fitzsimons took a temporary medical leave of absence. Lyons …

As Louisiana lawmakers adjourn Monday for a special session to address the state’s property insurance crisis, a commentary from AM Best says Louisiana’s plan to appropriate $45 million in funds to incentivize insurance companies to take on more property risk …

The U.S. Environmental Protection Agency announced a proposed $5.4 million settlement with The Dow Chemical Co. to recover costs for EPA’s cleanup work at the Tittabawassee River, Saginaw River & Bay Superfund site in Midland, Michigan. EPA began a 30-day …

KEATCHIE, La. (AP) – About 130 people in north Louisiana are under a mandatory evacuation Saturday after a train derailed and at least two of the cars involved began leaking hazardous products, state police said. The Union Pacific Railroad train …

A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to continue throughout 2023, after beginning the year with multi-decade-high pricing increases during the January 2023 reinsurance renewals, according to a …