Posts by Hometown Insurance
Industry Trades Respond to FIO’s Proposal to Collect Climate Change Data
Shortly after Treasury’s Federal Insurance Office (FIO) proposed to have P/C insurers submit homeowners insurance underwriting data to assess climate risk, the response from industry trade associations was, at best, tepid. “You don’t need a massive data collection to know …
Read More People Moves: New QBE Marine Hires; Hirschorn Joins Lockton as U.S. Cyber Claims Lead
QBE Appoints New Marine VPs QBE International Markets is increasing its presence in the US marine insurance space and has appointed Sean Dollahon, vice president, US marine manager, and Katie McCord, vice president, senior marine underwriter, to its team. With …
Read More Farm Bureau Must Defend Insured in Deadly Legionnaires’ Disease Outbreak in Carolina
What started out as festive time at the North Carolina Mountain State Fair in 2019 ended with 96 people hospitalized with Legionnaires’ disease. Four of them died. The tragedy in Fletcher, North Carolina, made national headlines. Multiple victims filed suit …
Read More Requiring Citizens’ Policyholders to Also Buy Flood Insurance Could Address Problems
Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected to be as high as $16 billion – almost half as much as insured wind damages, according to CoreLogic, the …
Read More California Democrats Split on Tax Plan to Drive EV Sales
A California ballot measure that would tax the rich to help put more electric cars on the road may seem tailor-made to win support from Democrats in a state known for climate leadership, but Proposition 30 has one notable opponent: …
Read More Washington Chemical Processor Fined Nearly $200K for 60-Plus Safety Violations
A manufacturing company that works with dangerous chemicals in Moses Lake, Washington, faces $192,620 in fines for 46 serious and 17 general safety and health violations. Two Rivers Terminal LLC formulates products for agricultural fertilizer, airports, pulp and paper, and …
Read More Agents Want End to California Auto Insurance Rate Moratorium
An insurance agent group in California is opining on the impact of California Insurance Commissioner Lara’s recent auto insurance rate decisions on California consumers. They do not like Lara’s auto insurance rate moratorium. “Commissioner Lara’s Rate Moratorium and his refusal …
Read More Supreme Court Gives Boost to Domino’s in Arbitration Case
The U.S. Supreme Court on Monday gave a boost to Domino’s Pizza Inc’s bid to force delivery drivers to bring a wage lawsuit in private arbitration rather than in court in a case from California that could have major implications …
Read More Fighting Food Poisoning: Sweeping Poultry Changes Proposed
The U.S. Department of Agriculture on Friday proposed sweeping changes in the way chicken and turkey meat is processed that are intended to reduce illnesses from food contamination but could require meat companies to make extensive changes to their operations. …
Read More Evacuation Area Sharnk Near Southwest Washington Fire
Some roads reopened and evacuation zones shrank near a wildfire fed by gusty winds and low humidity east of Vancouver, Washington, as fire officials got a better handle on fire activity amid weather changes. About 3,000 residents were told to …
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