Posts by Hometown Insurance

Mississippi has quietly settled its lawsuit against State Farm Fire and Casualty Co. for allegedly minimizing its Hurricane Katrina payments to policyholders, leaving the state to compensate homeowners. The settlement says the $12 million payment represents “restitution for damage, which …

AGCS Strengthens North American Distribution Team with Strategic New Hire and Reorganization Allianz Global Corporate & Specialty (AGCS) has named John Gambale as regional head of distribution NA, large corporate, effective Oct. 3. He will be based in New York …

The president of the University of Vermont issued a blistering denial Thursday of allegations the university failed to adequately respond to complaints of anti-Jewish behavior on the Burlington campus. In a message to the university community, President Suresh Garimella said …

Howden, the London-based independent insurance broker, announced the acquisition of Swiss broker Born Consulting AG. Founded in 2003 and based in Bern, Switzerland, Born Consulting is an independent insurance broker for national and international intermediaries, large companies and the public …

Teva Pharmaceutical Industries expects to finalize an opioid settlement in the United States by year-end and start paying in 2023, its chief executive said on Sunday, while confirming he was unlikely to renew his contract next year. After years of …

Over 90% of the world’s largest companies will have at least one asset highly exposed to the physical impacts of climate change by the 2050s, data and analysis from index and ratings provider S&P Global showed on Thursday. From heatwaves …

A powerful typhoon barreled through southwest Japan on Monday, unleashing torrential rains and lashing winds that killed at least two people, triggered floods and caused thousands to evacuate to safety. Typhoon Nanmadol is heading on a northeast path along the …

The New Year’s Eve sexual assault of a patient at a Miami hospital’s mental health ward made headlines around Florida in 2019. Three days after the incident, Fernando Felix Ramos-Garcia, a technician at Westchester General Hospital, was arrested. The man …

InsureScan, a company that says its software can help agents quote and bind auto coverage in a few minutes, has expanded to Alabama. CEO Mark Chappell, who is based in Alabama, said that while some insurance companies are bypassing local …

Yeshiva University has abruptly suspended student club activity in the wake of a U.S. Supreme Court decision earlier this week that ordered the school to recognize —for now —an LGBTQ student group. In an email to students, university officials on …