Posts by Hometown Insurance
Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?
The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had a return on equity (ROE) lower than their cost …
Read More Technology Delivering New Data Sources for Claims Investigations
The driver of the 2021 Toyota Sienna said he crashed because another car bumped the rear of his vehicle while passing on the right, causing him to lose control. It was the wrong car for lying about the cause of …
Read More Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick
The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick’s brand protection division. Only two other years on record have seen more than 1 billion units …
Read More Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Insurance Plan
The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an elaborate fraud that forged …
Read More Florida’s Deadly High Speed Rail to Get $25 Million Safety Improvement
Tracks used by the nation’s deadliest railroad will see added fencing to keep pedestrians away and safety improvements at crossings under a $25 million federal grant announced Monday. Brightline and government officials announced the grant as the privately owned passenger …
Read More Fire Consumes Once Famous Grossinger’s Hotel in New York’s Catskills
LIBERTY, N.Y. — A fire consumed a building at the site of the long-closed Grossinger’s resort, once among the most storied and glamorous hotels in New York’s Catskills. In its heyday after World War II, Grossinger’s drew hundreds of thousands …
Read More Texas-Based Supermarket Faces $1 Million in Fines over Unsafe Working Conditions
Despite a history of violations and worker injuries dating back almost a decade, Fiesta Mart LLC – a Houston-based supermarket operator – continues to fail in its legal obligations to protect employees. Made apparent after federal inspections in February and …
Read More Public Adjuster Cited in Texas, Louisiana Took Cash Advances on Commissions
A public adjusting firm that was cited by regulators in both Texas and Louisiana for allegedly pocketing insurer payouts has also received cash advances from financing companies over the past several months, documents obtained by the Claims Journal show. At …
Read More North Dakota Recreational Pot Measure Approved for Ballot
Supporters of legalizing recreational marijuana in North Dakota have succeeded in bringing the matter to a public vote in November. The group, New Approach North Dakota, submitted more than the required 15,582 valid petition signatures to get a measure on …
Read More Indiana House Explosion Victims Died of Trauma Asphyxia
Preliminary autopsy results released Monday for the three victims of a house explosion in a southern Indiana neighborhood show they died of blunt force trauma and compression asphyxia. A married couple who lived at the center of the Wednesday explosion …
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