Posts by Hometown Insurance

NEXT Insurance and Thimble are the latest insurtechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both insurtechs pointing to an increased focus on profitability. NEXT laid off 17% of its workforce …

Apple Inc. was sued on Monday in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet. According to a complaint …

Evidence indicates that a helicopter that crashed in northern New Mexico after helping fight a wildfire over the weekend descended at a fast rate, with the craft ending up mangled and in pieces after first hitting the ground upright, the …

Alera Group acquired DFG 401(k) Advisors in Phoenix, Arizona. The firm joins Alera Group under the name BCG 401(k) Advisors through Benefit Commerce Group (BCG), an Alera Group company headquartered in Scottsdale, Arizona. The BCG 401(k) Advisors team will continue …

Insurance rating agency Demotech Inc. has become the tenth organization to named a Nationally Recognized Statistical Ratings Organization (NRSRO) by the U.S. Securities and Exchange Commission. With the new designation, Demotech joins the likes of A.M. Best, Fitch Ratings, S&P …

A Meta Platforms Inc. rival claims in a federal trademark infringement lawsuit that its business has been obliterated after Facebook adopted its name. Closely held MetaX LLC said since October 2021, when Facebook rebranded as Meta Platforms, its ability to …

A wrongful death lawsuit filed after an 11-year-old autistic boy was left in a hot car while under the watch of a care facility in Utah has been settled. The lawsuit filed against Roost Services and some of its employees …

U.S. prosecutors suspect a Wyoming company of potentially concealing problems with a pipeline that broke in 2015 and spilled more than 50,000 gallons of crude into Montana’s Yellowstone River, fouling a small city’s drinking water supply, court filings show. The …

The area in northern Colorado where a flash flood swept away a camping trailer, killing a woman and a child, received nearly an inch of rain in a matter of minutes. Frank Cooper, a National Weather Service meteorologist, tells the …

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee recommended to make that the TWIA Board of Directors make a rate filing with no change in residential or commercial rates. The Actuarial & Underwriting Committee’s recommendation came after a 2022 …