Posts by Hometown Insurance
Oklahoma Homeowners Can Apply for Up to $10K Grants for Fortified Roofs
Oklahoma homeowners can now apply for grants of up to $10,000 to upgrade to storm-resistant Fortified roofs. The Oklahoma Insurance Department opened statewide applications for its Strengthen Oklahoma Homes (SOH) Grant Program on Monday, Jan. 12. The statewide expansion follows …
Read More Business Moves: United Risk to Acquire DUAL Crisis Management Program, Team
Managing general agency United Risk said it has an agreement to buy DUAL North America’s crisis management program, with its underwriting and claims teams. The unit will be renamed First Product Protection, serving as an independent division of New York-based …
Read More People Moves: Packer Named to MD Board; Parkhurst New TDCI General Counsel
With litigation and regulation still a major part of the property-casualty insurance business, a national law firm and a state regulator have named attorneys to leadership roles. Marshall Dennehey, with offices in seven Eastern U.S. states, announced that Florida-based insurance …
Read More Railroads and Their Regulators Thwart Safety Fixes, Analysis Finds
Human errors and track defects caused more than 3,000 rail accidents over the last decade, killing 23 people and injuring nearly 1,200. Yet federal railroad regulators failed to implement most of the safety recommendations that emerged from accident investigations. That’s …
Read More Markets/Coverages: ATA Launches $750M Insurance Facility for AI Infrastructure Boom
Advanced Technology Assurance Ltd. (ATA), the London-based managing general underwriter, has launched a $750 million insurance facility to underwrite the projected $7 trillion global AI infrastructure boom. The ATA Global Data Center & AI Infrastructure Insurance facility launches with backing …
Read More Court Orders Justice Family Coal Companies to Pay $1M to Liberty Mutual Unit
A federal judge has ordered coal companies owned by the family of U.S. Sen. Jim Justice to cough up more than $1 million in unpaid workers’ compensation premiums owed to a Liberty Mutual company—five years after an audit showed the …
Read More Markets/Coverages: FM Bumps Up Limits for Data Centers to $5B
Commercial property insurer FM announced a significant increase in capacity to support its global FM Intellium clients and the data and power generation ecosystem. FM can now provide up to $5 billion in capacity for the growing data-center industry. FM …
Read More Iowa Landlord to Pay $325K Settlement in Sexual Harassment Lawsuit
The Justice Department announced that the owner and property manager of residential rental properties in Davenport, Iowa, have agreed to pay $325,000 to resolve a lawsuit alleging that the property manager sexually harassed female tenants in violation of the Fair …
Read More California Wants to Mix Hydrogen With Gas to Cut Pollution. Critics Say That Poses Risks
Alma Figueroa began to worry when she learned that her gas provider wanted to test a controversial solution to curb global warming: blend hydrogen with natural gas to power her stove and other appliances. Figueroa, who has asthma and recently …
Read More APCIA Backs Federal Bill to Require Litigation Funding Disclosure
The American Property Casualty Insurance Association (APCIA) has released a statement in support of federal legislation, up for committee discussion today, that is meant to increase the transparency of third-party financers in litigation. The Protecting Third Party Litigation Funding From …
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