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Posts by Hometown Insurance

Ending Florida Agency Led to More Development, Losses in Ian, Report Says

By Hometown Insurance | October 10, 2022
The shuttering of a state agency that was created to manage growth in Florida’s vulnerable coastal areas may have helped fuel the steady development that during Hurricane Ian resulted in some of the largest insured property losses in state history. …
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AM Best Says Tower Hill ‘Rearranging the Furniture;’ Faces Surplus, Capital Problems

By Hometown Insurance | October 10, 2022
The downgrade of one of Tower Hill’s insurance companies by AM Best financial rating firm, announced the day that Hurricane Ian nosed into southwest Florida, has led to new speculation that Tower Hill could be the next insurer to falter …
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Two New York Hospitals to Pay $165M to Victims of Abuse by Gynecologist

By Hometown Insurance | October 10, 2022
Two New York hospitals have agreed to pay more than $165 million to 147 former patients who have accused a former gynecologist of sexual abuse and misconduct. Columbia University Irving Medical Center and NewYork-Presbyterian announced the agreement Friday. Last year, …
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City of Rochester Agrees to Pay $12M to Family of Black Man Killed by Police

By Hometown Insurance | October 10, 2022
City officials agreed to pay $12 million to the children of Daniel Prude, a Black man who died after police held him down until he stopped breathing on a snowy street in Rochester, New York. A federal judge approved the …
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Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments

By Hometown Insurance | October 7, 2022
Munich Re, the world’s largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. The German reinsurer said on its website that as of April 2023 it would not …
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Florida Citrus Industry Squeezed by Hurricane Ian; Crop Insurance to Cover Some Losses

By Hometown Insurance | October 7, 2022
The waters have receded, but the stink lingers. As Emma Reynolds Ezell surveys the damage that a night of 100 mile-per-hour winds wrought on her orange groves, she just can’t get over the stench. It’s nothing like the usual sweet …
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Comp Insurer Antum Risk to Study Hospital Violence in South Carolina

By Hometown Insurance | October 7, 2022
The South Carolina Hospital Association plans to use data to address the growing issue of workplace violence, an effort that could ultimately affect workers’ compensation claim frequency and severity. The association announced it has hired South Carolina-based Antum Risk, a …
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Study Shows Climate Change Made Droughts More Likely in 2022

By Hometown Insurance | October 6, 2022
Climate change made droughts in the Northern Hemisphere droughts more likely this year, a new study by a team of U.S. and international scientists shows. The scientists, part of World Weather Attribution, a group that studies links between extreme weather …
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Man Charged With Damaging Historic Missouri Home of Composer Scott Joplin

By Hometown Insurance | October 6, 2022
A man was charged Tuesday with breaking into the historic home of ragtime composer Scott Joplin and causing tens of thousands of dollars’ worth of damage. Thirty-eight-year-old Kevin Daley-Bey faces one count each of second-degree burglary and first-degree property damage. …
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Nebraska Sandhills Wildfire More Than Half Contained

By Hometown Insurance | October 6, 2022
A destructive Nebraska Sandhills wildfire that saw one firefighter die while fighting the flames was more than half contained by Wednesday, officials said. The size of the Bovee Fire in west-central Nebraska was mapped Tuesday at nearly 19,000 acres, or …
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Recent Posts

  • New Illinois Law Requires Insurance for High-Speed E-Bikes
  • Ross Fire Grows Into One of Largest Wildfires on Record in North Texas
  • First US Phosphate Plant in Decades Planned Amid Global Conflict
  • Inszone Acquires Michigan’s Aviza Insurance Agency
  • Florida, Hit by Obamacare Drop-Off, Feels the Squeeze of Health Care Costs

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