Posts by Hometown Insurance
Court Revives Louisiana Wetlands Damage Suit Against Big Oil
NEW ORLEANS (AP) – A federal appeals court has ordered a nine-year-old lawsuit filed against oil and gas companies over damage to Louisiana’s wetlands to be returned to state court for trial, potentially clearing the way for at least 41 …
Read More Few Insurers Offer Input on Future of the Federal Home Loan Bank System
Very few insurance companies showed up this month to talk about the future of the much-debated, 90-year-old Federal Home Loan Bank System, despite the fact that the system lends heavily to many large insurers at low interest rates, for a …
Read More Broker UIB Forms Corporate & Capital Risks Practice After Restructuring Specialty Lines
United Insurance Brokers (UIB), the London-based re/insurance broker, announced the formation of its Corporate & Capital Risks practice. This announcement comes after UIB restructured its Specialty Lines Division this month and continued to develop its multi-line suite of specialist products. …
Read More With Less Reinsurance for Reinsurers, Prices Set to Rise Again for Florida Carriers
It has been three weeks since Hurricane Ian struck Florida on Sept. 28, 2022. The storm took at least 119 lives and caused estimated insured losses ranging from $31 billion to $74 billion, with most estimates in the $60 billion …
Read More Hurricane Ian Came at the Worst Possible Time for SW Florida Agriculture
Hurricane Ian made landfall in southwest Florida at the worst possible time for many in the agricultural community, cutting a path through the heart of Florida’s citrus belt and smashing tomato fields just before the start of seasonal harvests. Ian …
Read More Connecticut Approves 3% Cut in Workers’ Compensation Costs for 2023
Connecticut businesses will see another rate decrease in workers’ compensation insurance beginning on January 1, 2023. The Connecticut Insurance Department has officially approved an average decrease of 3% to workers’ compensation pure premium loss costs in the voluntary market. There …
Read More Insurers Still Unclear How G-7 Sanctions of Russian Crude Oil Cargoes Will Work
Just six weeks before European Union sanctions on Russian oil come into effect, insurers are still unclear as to exactly how they will work. At the heart of the uncertainty is a continued lack of detail surrounding US-led plans, endorsed …
Read More Alex Jones Asks For New Trial After $1B Sandy Hook Defamation Verdict
Conspiracy theorist Alex Jones has asked a Connecticut judge to throw out a nearly $1 billion verdict against him and order a new trial in a lawsuit by Sandy Hook families, who say they were subjected to harassment and threats …
Read More Landscapers Find Car Reported Stolen in 1992 — Buried at California Mansion
Three decades after a car was reported stolen in Northern California, police are digging the missing convertible out of the yard of a $15 million mansion built by a man with a history of arrests for murder, attempted murder and …
Read More Credit Suisse to Pay $234M to Settle French Tax, Money Laundering Case
Credit Suisse agreed to pay France 238 million euros ($234 million) to settle a tax fraud and money laundering case on Monday, putting another legal headache behind it as it prepares a strategic overhaul. The agreement resolves an investigation in …
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