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Posts by Hometown Insurance

Trump Answers Questions in New York Defamation Suit

By Hometown Insurance | October 21, 2022
Former President Donald Trump answered questions under oath Wednesday in a lawsuit filed by E. Jean Carroll, a magazine columnist who says he raped her in the mid-1990s in a department store dressing room. The deposition gave Carroll’s lawyers a …
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Munich Re Estimates $1.6 Billion Hit From Hurricane Ian Could Affect 2022 Targets

By Hometown Insurance | October 21, 2022
Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led to massive damages in Florida, and warned reaching its full-year profit goal has become “significantly more challenging.” The estimate of …
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Nebraska Court: Contractors with Assigned Benefits Can’t File Bad-Faith Claims

By Hometown Insurance | October 21, 2022
A restoration contractor that had been assigned benefits by a policyholder cannot pursue a bad faith claim against an insurer because it was not a party to the insurance contract, the Nebraska Supreme Court ruled Friday in two separate cases. …
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2021 North Dakota Wastewater Spill Was 20 Times Greater Than First Reported

By Hometown Insurance | October 21, 2022
A wastewater spill from a pipeline break last year in the northwestern North Dakota oil patch was 20 times greater than first reported, the state Department of Environmental Quality said Wednesday. Tallgrass Energy first estimated that nearly 36,000 gallons of …
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Texas Sues Google for Alleged Biometric Privacy Violations

By Hometown Insurance | October 21, 2022
Texas sued Google over claims that the search-engine giant is illegally capturing the biometric data of users without their consent, the latest in a series of lawsuits by the state against tech companies over online privacy. Google, a unit of …
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Domestic Violence Awareness Month: Insurance and Financial Tips for Victims

By Hometown Insurance | October 21, 2022
Remote work, while providing a respite to many from long commutes and surging gas prices, can increase the vulnerability of domestic violence victims. Heightened risks involve not only emotional and physical but also financial abuse – often one of the …
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Property Cat Market to Harden More; Possible ‘Significant Supply Imbalance’: MMC’s Doyle

By Hometown Insurance | October 21, 2022
While the total impact of Hurricane Ian won’t be realized for some time, the effect on an “already stressed property market will be significant,” said John Q. Doyle, group president and COO of Marsh McLennan. “At mid-year reinsurance renewals, the …
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Florida Sees Rise in Flesh-Eating Bacteria Amid Ian Flooding and Destruction

By Hometown Insurance | October 21, 2022
Florida has seen an increase in cases of flesh-eating bacteria this year driven largely by a surge in the county hit hardest by Hurricane Ian. The state Department of Health reports that as of Friday there have been 65 cases …
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Florida Governor Plans to Call Second Special Session to Tackle Insurance Crisis

By Hometown Insurance | October 21, 2022
Florida’s besieged property insurance industry is hoping the second time will be the charm, after Gov. Ron DeSantis announced that he is working with lawmakers to schedule another special session to help stablilize the market. The governor’s office did not …
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People Moves: GEICO’s Measley Joins Plymouth Rock; Burns & Wilcox Adds Chapple in Pittsburgh

By Hometown Insurance | October 21, 2022
Plymouth Rock Names GEICO’s Measley Chief Claims Officer Plymouth Rock Assurance Corp. has appointed Paul Measley as its chief claims officer. Measley joins Boston, Massachusetts-based Plymouth Rock from GEICO and is responsible for the claims organization within Plymouth Rock’s independent …
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