Posts by Hometown Insurance
People Moves: Great Bay Insurance Group Makes Leadership Changes
The Great Bay Insurance Group, headquartered in West Atlantic City, New Jersey, named Brian S. Schleider executive vice president and chief financial officer. Schleider joined the group in March 2020 as chief financial officer. He has 35 years of industry …
Read More Underwriter, Actuary Fears of AI Drop; Work Needed on Collaboration
You’re just about as likely to find a commercial P/C underwriter or actuary who is unconcerned about the increased use of AI in insurance as you are to find one that’s afraid of being replaced by AI. That’s what a …
Read More The Rise of Deepfake Cyberbullying Poses a Growing Problem for Schools
Schools are facing a growing problem of students using artificial intelligence to transform innocent images of classmates into sexually explicit deepfakes. The fallout from the spread of the manipulated photos and videos can create a nightmare for the victims. The …
Read More Head of EEOC Urges White Men to Report Discrimination
The head of the U.S. agency for enforcing workplace civil rights posted a social media call-out urging white men to come forward if they have experienced race or sex discrimination at work. “Are you a white male who has experienced …
Read More New York Times Reporter Sues Google, xAI, OpenAI Over Chatbot Training
An investigative reporter best known for exposing fraud at Silicon Valley blood-testing startup Theranos sued Elon Musk’s xAI, Anthropic, Google, OpenAI, Meta Platforms and Perplexity on Monday for using copyrighted books without permission to train their artificial intelligence systems. New …
Read More Trump Bid to Defund CFPB Is Crippling the Agency, States Say
The Trump administration is illegally trying to cripple the Consumer Financial Protection Bureau by refusing to ask the Federal Reserve for funds needed to run the independent regulator, a group of mostly Democratic-led states said in a federal lawsuit. CFPB …
Read More Markets/Coverages: Mosaic Raises Cyber Capacity to US$25M in Canadian Market
Mosaic Insurance will increase its cyber-risk capacity to US$25 million/C$40 million per risk in Canada, effective January 1, 2026, allowing the specialty insurer to meet rising demand across all provinces and territories. The increase more than doubles Mosaic’s previous limit …
Read More Hawaii Building Fires Are on the Rise and Safety Inspections Aren’t Keeping Up
Regular inspections of hotels and other accommodations required by the state of Hawaii are being inconsistently carried out by most county fire departments. Three people died in two structure fires in Hilo on Hawaii island in October and November in …
Read More Breaking: Senators Launch Probe Into Demotech’s Ratings in Florida
Three US senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing Fannie Mae and Freddie Mac — and ultimately taxpayers — to growing risks tied to climate-driven insurer failures. In a letter sent …
Read More AM Best Places Jet Insurance Ratings Under Review Following Acquisition
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jet Insurance Company, following the close of the acquisition of Jet by Amherst Specialty …
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