Posts by Hometown Insurance

The U.S. Food and Drug Administration (FDA) said reports of faulty Philips ventilators and sleep apnea machines had risen in the past quarter, underlining problems facing the Dutch company, which has just announced plans to replace its CEO. Philips says …

Ocean International Reinsurance Co. Ltd. (Ocean Re), a Barbados-based reinsurer, announced it has acquired Oceva Risk Solutions Ltd., a London appointed representative that sources reinsurance, insurance, fronting and risk transfer business from the UK, Europe and internationally for the group. …

Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers together account for 24.3% of top …

With a few weeks to go until the North Atlantic Basin enters its most active period, now is a good time to recap recent activity, review updated seasonal forecasts, and look ahead to what may be in store for the …

The National Association of Insurance Commissioners (NAIC) has passed a Pet Insurance Model Act to establish appropriate regulatory standards for the growing pet insurance industry. “This model law establishes clear rules for the sale of pet insurance and provides important …

Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG’s National Union Fire Insurance Company of Pittsburgh, saying the insurer has breached its duty to defend Aloha against climate change lawsuits brought by local governments in Honolulu …

The virus that causes polio has been found in New York City’s wastewater in another sign that the disease, which hadn’t been seen in the U.S. in a decade, is quietly spreading among unvaccinated people, health officials said Friday. The …

An Alabama company has been charged with willfully violating federal safety rules in the death of a worker who was pulled into a machine and fatally injured, authorities said Monday. ABC Polymer Industries, which has a plant in the Birmingham …

A historic flour mill in northeast Oregon was destroyed in a fire. According to the Pendleton Police Department, the fire at the Grain Craft Flour Mill in Pendleton started around 2:55 p.m. Tuesday, KHQ reported. The Pendleton Fire Department responded …

Kentucky Gov. Andy Beshear said Monday he hopes to call a special session of the state legislature in the next few weeks to work on flood relief. “Everybody is committed to it,” Beshear said at a Monday news conference. “We …