Posts by Hometown Insurance
Trump Commerce Secretary Plans to Strip Government Spending From GDP Data
U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP) report, but gave no indication how soon this change might happen, while dismissing fears of a possible recession. “You know …
Read More At Supreme Court, Gun Companies Aim to Avoid Blame for Arming Mexico’s Drug Cartels
The U.S. Supreme Court was set on Tuesday to hear a bid by two American gun companies to throw out the Mexican government’s lawsuit accusing them of aiding illegal firearms trafficking to drug cartels and fueling gun violence in the …
Read More Australia Braces for Rare Cyclone to Hit Busy East Coast
A large swathe of Australia’s east coast is preparing for strong winds and life-threatening flooding from a tropical cyclone that’s forecast to make landfall north of the nation’s third-largest city. Cyclone Alfred was about 630 kilometers (391 miles) east of …
Read More Arthur J. Gallagher & Co. Acquires New Zealand-Based RMA General Ltd.
Arthur J. Gallagher & Co. announced the acquisition of New Zealand-based RMA General Ltd. (RMA) and its associated insurance broking businesses. Terms of the transaction were not disclosed. RMA provides commercial and personal insurance products as well as tailored life …
Read More Gender Pay Gap Endures in Australia’s Financial and Insurance Sectors
Pay for women and men at firms in Australia’s financial and insurance services sector remains among the most unequal, according to government data that was expanded to include the salaries of more workers and a deeper analysis of wages. The …
Read More Crews Battle Wildfires Across Parts of North and South Carolina
South Carolina’s governor declared a state of emergency this week as dozens of wildfires burned across parts of North and South Carolina, causing evacuations, minor property losses and unhealthy air quality. State, local and national news sites reported that more …
Read More Italian Businessman Caltagirone Raises Stake in Generali to 8%, MF Daily Says
Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday, citing financial sources. A spokesperson for Caltagirone had no immediate comment. According to MF, the businessman strengthened his position in …
Read More Texas Lawsuit Alleges GEICO Raises Premiums Despite Accident Forgiveness Promise
A class action lawsuit filed in Texas alleges GEICO doesn’t abide by its Accident Forgiveness program when a driver with an unblemished record gets into a first, at-fault accident. Texas resident Christopher Cude sued GEICO on Feb. 25, alleging the …
Read More Kraken Is Latest Crypto Firm to Say SEC Agrees to Drop Lawsuit
Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange, the latest in a series of dismissals of legal actions against crypto companies by the market regulator. There will be …
Read More Verisk Webinar Highlights Emerging Psychoactive Substance Risks
As public perception and the legality of cannabis and other novel psychoactive substances continue to evolve, what emerging risks and litigation should insurance professionals keep an eye on? Last week, Verisk Analytics hosted a webinar to answer those questions and …
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