Posts by Hometown Insurance
Bayer’s $7.25B Roundup Settlement Gets Initial OK From Judge
A state court judge in Missouri gave an initial green light on Wednesday to a proposed $7.25 billion settlement to resolve thousands of lawsuits claiming Bayer’s Roundup weedkiller causes cancer. Judge Timothy Boyer in St. Louis granted preliminary approval to …
Read More How State Farm, USAA Boost Customer Retention: Historic Dividends
While competition in personal auto insurance is rising to levels high enough to dent customer retention at GEICO, a giant mutual insurer and a reciprocal exchange have both tapped into a customer-friendly option unavailable to large stock insurers. State Farm …
Read More Viewpoint: Business Interruption Insurance Must Catch Up With Climate Volatility
In the wake of recent weather events around the world, whether it’s the bomb cyclone that hit the US from the Gulf Coast to New England, or the combination of Storms Ingrid and Chandra battering the south coast of the …
Read More Banks on High Alert for Cyberattacks as Iran War Escalates
The U.S. financial services industry is on heightened alert for potential cyberattacks amid the unfolding U.S. war in Iran, with firms stepping up monitoring for threats that often rise during periods of geopolitical conflict, said executives and analysts. The killing …
Read More Viewpoint: Alabama Needs Tort Reform, Too, as Litigation Costs Rise
Editor’s note: No significant tort-reform legislation is currently making its way through the Alabama Legislature. But at least one state senator is calling for action. Good news continues to roll out of the Sunshine State. Florida Governor Ron DeSantis recently …
Read More Nebraska AG Sues Roblox Over Alleged Child Safety Failures
Nebraska Attorney General Hilgers this weekannounced a consumer‑protection and child‑safety lawsuit against Roblox Corporation, alleging that the company has knowingly created and maintained an online environment that exposes millions of children to sexual predators, violent content, and illegal activity while …
Read More Small Container Ship Abandoned After Being Hit in Hormuz
A container vessel was abandoned after being hit while transiting the Strait of Hormuz, a UK naval group said, as conflict continues to menace commercial shipping in the region. The ship is the Safeen Prestige, according to maritime security companies, …
Read More Gulf Shipping Crisis Deepens as Tankers Stranded for Fifth Day, US Sinks Iranian Warship
The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralyzed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil …
Read More For Some Small Businesses, a Tariff Refund Isn’t Worth the Pain of Pursuing
The day the U.S. Supreme Court struck down the tariffs that had cost Ian Rosenberger’s backpack company Day Owl tens of thousands of dollars, friends started texting him their congratulations. He didn’t share their elation. “I don’t see any possible …
Read More NFP Launches Group Captive Practice With Acquisition of NC-Based Trinity Risk
NFP, an Aon company and property-casualty insurance brokerage, has launched a new captive management practice with the acquisition of Charlotte-based Trinity Risk Advisors. NFP’s new Group Captive practice will help companies seeking more control over their risks by pooling resources …
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