Posts by Hometown Insurance
Viewpoint: New Year, Old Challenges for European Insurers
The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation is still outpacing the Consumer Price Index, and we could see primary insurers continuously increasing premium rates in 2025. While …
Read More Bayer Broadens Effort to Shield Itself From Claims Weedkiller Caused Cancer
A renewed and expanded effort from chemical giant Bayer to shield itself from lawsuits that claim its popular weedkiller Roundup causes cancer brought dozens of protesters to the Iowa Capitol building Monday begging lawmakers to reject it. The legislation, pending …
Read More Measles Outbreak Reported in Small West Texas County
Fifteen measles cases — mostly in school-aged children — have been confirmed in a small county in West Texas with one of the highest rates of vaccine exemptions in the state. South Plains Public Health District Director Zach Holbrooks said …
Read More People Moves: AIG’s Furth to Hiscox to Head US Claims; Hamlin to Lead TMHCC US Hospital Pro Liability; Amwins Names Healthcare Practice Leader
Hiscox, headquartered in Atlanta, appointed Alexandra Furth as head of claims in the U.S., effective March 10. Furth has over 20 years of claims and legal leadership experience, most recently serving as AIG’s head of casualty claims. Before AIG, Furth …
Read More NYSE Plans Texas Exchange as Financial Firms Flock to State
The New York Stock Exchange plans to start an equities exchange in Texas, the latest firm seeking a slice of the financial services industry in a state where the taxes are lower and regulation looser. NYSE said it will reincorporate …
Read More Starbucks Sued by Missouri Over DEI, Race and Gender Bias
Starbucks SBUX.O was sued on Tuesday by the U.S. state of Missouri, which accused the coffee chain of using a commitment to diversity, equity and inclusion as a pretext to systematically discriminate based on race, gender and sexual orientation. In …
Read More Judge Tosses Opera Singer’s Lawsuit Against the University of Michigan Over Firing
A judge dismissed a lawsuit Monday by an acclaimed opera singer who sued the University of Michigan over his firing for what the school deemed sexual misconduct. David Daniels waited too long to sue the university, U.S. District Judge Sean …
Read More Deloitte Pays Rhode Island $5 Million to Aid Recovery From Ransomware Attack
The consulting firm Deloitte that built and manages Rhode Island’s popular RIBridges portal has paid the state $5 million to compensate for the ransomware attack that compromised and shuttered the benefits site in December. Separately, Deloitte is also covering the …
Read More Philadelphia County Man Pleads Guilty to Stealing Dead Person’s ID and Insurance Fraud
A Philadelphia County man has pleaded guilty to felony charges for stealing a deceased classmate’s identity and fraudulently using it to obtain a driver’s license, vehicle registration and insurance, and to apply for a concealed carry firearms permit, Attorney General …
Read More Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster
The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25 billion (US$2.2 billion), according to the Insurance Bureau of Canada, quoting statistics issued by Catastrophe Indices and Quantification Inc. (CatIQ). …
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