Posts by Hometown Insurance
Insurers Race to the Starting Line in the Dawn of the AI Decision Era
Embracing artificial intelligence in insurance is a race, but one that experts describe as a race to the starting rather than the finish line. “I think this is sort of a race to the starting line,” said Indico Data CEO …
Read More Only Carrier or Comp Judge Can Determine Compensability, Fla. Appeals Court Says
An employee cannot file a tort lawsuit against her employer until after it has been determined that she is not eligible for a workers’ compensation claim. And that compensability determination can only be made by an insurer or a compensation …
Read More Kraft Heinz Recalls Oscar Mayer Turkey Bacon Over Listeria Risk
Packaged food maker Kraft Heinz is recalling about 367,812 pounds of Oscar Mayer turkey bacon following concerns that the products may be contaminated with Listeria bacteria, the U.S. food safety regulator said on Wednesday. The recall will affect vacuum-packed, fully …
Read More Claim Counts Down, Losses up for California Workers’ Comp Private Self-Insureds
California’s private self-insured employers reported 7.4% fewer workers’ compensation claims in 2024 than in 2023, pushing private self-insured claim frequency to a four-year low, a new report shows. However, for the second straight year, the average paid and incurred losses …
Read More California Insurance Commissioner Appoints Members to New Smoke Claims and Remediation Task Force
California Insurance Commissioner Ricardo Lara has appointed members to his new Smoke Claims and Remediation Task Force, as part of his response to issues over smoke damage caused by wildfires across the state, including the handling of smoke damage claims …
Read More Washington Commissioner Convenes Advisory Board to Eye Insurer AI Use
Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle this week to look at the insurance industry’s use of AI and to get recommendations on policy development, regulatory oversight and consumer education efforts. The …
Read More US Probes Ex-Ransom Negotiator Accused of Scheming With Hackers
Law enforcement officials are investigating a former employee of a company that negotiates with hackers and facilitates cryptocurrency payments during ransomware attacks, according to a statement from the firm, DigitalMint. DigitalMint President Marc Jason Grens this week told organizations it …
Read More Texas Braces for Budget Constraints as Federal Funding Dries Up
The era of massive state budget surpluses in Texas could be coming to an end. As the last of the federal government’s COVID-19 emergency funds are spent and sales tax revenues return to historic averages after a large spike, budget …
Read More Legacy Specialist Enstar Goes Private on Completed Acquisition by PE Firm Sixth Street
Sixth Street, the San Francisco-based private equity firm, has completed its $5.1 billion acquisition of Bermuda legacy specialist Enstar Group. Enstar’s ordinary shares will no longer be listed publicly, and Enstar will continue operations as a privately held, standalone company, …
Read More Trump Hotel Pays $4.8 Million to Resolve Complaint Over Killing Fish in Chicago
Trump International Hotel & Tower Chicago will pay $4.8 million to resolve a complaint that it was killing fish in the Chicago River. A system used to cool the building by drawing in river water was sucking in thousands of …
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