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Posts by Hometown Insurance

Children’s Hospitals Harassed Over Transgender Care Programs

By Hometown Insurance | August 23, 2022
Doctors and other staffers at Boston Children’s Hospital are being threatened with violence over its surgical program for transgender youths, administrators said, and other U.S. children’s hospitals are also being harassed online. Boston Children’s is home to the first pediatric …
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Allianz in Talks With Chinese Banks to Launch Asset Management Venture: Sources

By Hometown Insurance | August 23, 2022
Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest economy, two people with direct knowledge of the matter said, aiming to tap a $4.3 trillion market for wealth products. …
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Ex-Gov. Wilder Drops Lawsuit Against Virginia Commonwealth University Leaders

By Hometown Insurance | August 23, 2022
Former Virginia Gov. Doug Wilder has withdrawn a lawsuit he filed against leaders of Virginia Commonwealth University following a public personnel dispute in which Wilder had pushed for the firing of an employee he accused of threatening him. Wilder filed …
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PwC Sued by Auditor Over Head Injury Suffered During ‘Pub Golf’ Work Event

By Hometown Insurance | August 23, 2022
An auditor at PricewaterhouseCoopers LLP sued his employer over a serious head injury he suffered during a work event that “encouraged excessive consumption of alcohol.” Michael Brockie alleges in London suit that PwC failed to ensure his safety by allowing …
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Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine

By Hometown Insurance | August 23, 2022
Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war insurance facility. Launched last month, …
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3M Awaits Bankruptcy Ruling That May Sink Litigation Tactic

By Hometown Insurance | August 23, 2022
3M Co.’s attempt to block jury trials of more than 230,000 lawsuits accusing it of harming US soldiers faces a key test this week in front of a federal judge in Indianapolis. US Bankruptcy Judge Jeffrey J. Graham is set …
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COVID Impacts Linger in Courtrooms, Often a Disadvantage for Defendants

By Hometown Insurance | August 23, 2022
Courts have reopened and trials have resumed, but the impacts of COVID-19 continue to linger in the judicial system, a panel of claims litigation experts said during the Combined Claims Conference on Thursday. For one thing, jurors are far more …
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North Carolina Rate Bureau Wants 43% Hike in Dwelling Rates for 2023-24

By Hometown Insurance | August 23, 2022
The North Carolina Rate Bureau has recommended a statewide average increase of 42.6% over the next two years for dwelling property policies. The rate hikes would be an average of 19.6% for April 2023 and 19.2% for 2024, the bureau’s …
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FIGA to Extend Assessment, Due to Southern Fidelity, Weston Failures

By Hometown Insurance | August 23, 2022
Thanks to the mounting number of insolvencies of Florida property insurers in the last two years, the Florida Insurance Guaranty Association will have to borrow $150 million and extend a surcharge on policies through 2023. The FIGA Board of Directors …
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Lloyd’s Owes $3M in Prejudgment Interest for Late Payment of D&O Claim

By Hometown Insurance | August 23, 2022
Lloyd’s of London underwriters must pay more than $3 million in pre-judgment interest in addition to the $10 million the syndicate has already paid in damages for the wrongful acts of the former directors of a bank that was declared …
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