Posts by Hometown Insurance
WTW Posts Drop in Q2 Net Income, Revises 2024 Outlook on Russia Losses
Third-quarter net income at broker WTW was $192 million compared to $907 million during the prior-year third quarter. Net income for the third quarter 2021 included the $1 billion income receipt that was received as a result of the break-up …
Read More Arkansas Motorcyclist’s Backpack Ignites When Officer Uses Taser
NORTH LITTLE ROCK, Ark. (AP) – An Arkansas motorcyclist carrying a gasoline-filled backpack was expected to survive after he was engulfed by a fireball when a state trooper used a Taser on him during a traffic stop, authorities said. The …
Read More Hurricane Ian Fallout, Inflation Among Talking Points at AAIS Pulse
The enormous amount of uninsured loss from Hurricane Ian will lead to a “veritable swamp” of trial lawyers waiting to sue the insurance industry, according to one industry expert at AAIS Pulse. “This could be anything from the old wind-versus-water …
Read More W.R. Berkley Forms E&S Solutions Unit
W. R. Berkley Corporation has formed Berkley E&S Solutions, a new business unit that will provide surplus lines casualty coverages to middle-market and large accounts through individual wholesale broker appointments. Curtis E. Fletcher has been named president and chief executive …
Read More TikTok Found Not Liable in Death of Girl in Strangulation Challenge
Federal communications law shields the video-sharing site TikTok Inc. from responsibility for the death of a 10 year-old girl who died while attempting a challenge on TikTok that encourages viewers to strangle themselves using household items. A federal judge in …
Read More Ohio Manufacturer Faces $1.2M in Penalties After Worker Injury
An Ohio vinyl tile manufacturer faces $1,232,705 in proposed penalties after U.S. Department of Labor Occupational Safety and Health Administration inspectors responded when a worker suffered severe injuries as a result of being caught in a machine on April 28, …
Read More World Insurance Acquires Circle Agency in Massachusetts
Insurance brokerage World Insurance Associates has acquired Circle Insurance Agency Inc. of Danvers, Massachusetts. Founded in 1989 by James M. Holbrook, Circle Insurance provides personal and commercial lines as well as financial services. Christine Frary is agency president. Mike Holbrook …
Read More Missouri Amusement Park Train Derailment Injures 7
Seven people suffered what were described as minor injuries after an amusement park train derailed in Branson, Missouri. The derailment happened Wednesday evening at Silver Dollar City. Six patrons and one employee were taken by ambulance to hospitals after the …
Read More Arkansas Kroger Store Settles $180K Religious Discrimination Suit
The Kroger Limited Partnership I will pay $180,000 to settle a religious discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the federal agency announced. The EEOC had filed suit on behalf of two former employees who worked at …
Read More Arson Probed After Major Los Angeles Blaze and Smaller Fires
A raging fire destroyed a vacant commercial building in Los Angeles this week and numerous other small fires broke out in the same area, triggering an arson investigation, authorities said. Flames lit up the sky before dawn in the North …
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