Posts by Hometown Insurance
US Pandemic-Era Inflation Mostly Driven by Demand Surge, NY Fed Study Finds
The majority of US pandemic-era inflation came from a surge in demand, but supply-chain constraints stoked it further, Federal Reserve Bank of New York research shows. About 60% of the inflation seen from 2019 to 2021 was driven by demand-side …
Read More ‘Hating ESG’: Advocates Are Looking to Replace the Label
A number of sustainable investing champions say it’s time for the “ESG” label to be shelved and replaced by something less likely to draw attacks from both the political right and left. Robert Eccles, a professor who’s spent the past …
Read More Man-Made Crises Threaten P/C Markets, Says Joint Report From Trade Associations
Several insurance industry trade associations used the 30th anniversary of Hurricane Andrew – a storm that upended and transformed insurance and the manner in which communities prepare for natural disasters – to broadcast their conclusion that man-made threats are today …
Read More Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits
U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and conditions and low catastrophe losses, according …
Read More California Lawmakers Allow Lawsuits Against ‘Cyber Flashers’
Victims who receive unsolicited sexually graphic material by text, email, app or other electronic means could sue the sender under a bill that California lawmakers sent to Gov. Gavin Newsom this week. The bill targets what’s known as “cyber flashing,” …
Read More Risk Strategies Acquires New Jersey’s Dickstein Associates
Risk Strategies, a Boston-based national specialty insurance brokerage, has acquired Dickstein Associates Agency, a retail insurance agency located in Tinton Falls, New Jersey. Founded in 1965, Dickstein Associates provides risk management and property/casualty insurance coverages with a focus on real …
Read More One80 Intermediaries Acquires Pennsylvania Wholesale Broker Agentic
Boston-based specialty insurance broker One80 Intermediaries reports that it has acquired wholesaler broker Agentic Insurance of Radnor, Pennsylvania. Agentic is a privately owned specialty operation providing professional lines products including errors and omissions, management liability, cyber liability, media liability, allied …
Read More Aston Lark Acquires UK Broker AJ Insurance Service
Aston Lark, a Howden company, announced the acquisition of AJ Insurance Service Ltd. Financial details of the deal were not disclosed. Based in Tilbury in Essex, England, AJ Insurance Service was established in 1979 by father and son, Albert and …
Read More Prison Officer Entitled to ‘Assault Pay’ Where Injury Was Not Caused by Direct Assault by Inmate
A Massachusetts appeals court has ruled that a prison employee is entitled to “assault pay” for an injury even though the injury was not the result of a direct assault by an inmate. The court backed a bid for the …
Read More Covenant Health in Tennessee Settles ADA Action by Justice Department
The U.S. Department of Justice reached a settlement with Knoxville, Tennessee-based Covenant Health over claims that it violated the Americans with Disabilities Act. The settlement comes in the case of a deaf man who alleged that he was denied effective …
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