Posts by Hometown Insurance
US Companies Say ESG Rules Are a Serious Barrier to EU Trade
US companies are adding their voice to the list of critics targeting ESG regulations in Europe. The American Chamber of Commerce to the European Union, whose members include Ford Motor Co., Exxon Mobil Corp. and Amazon.com Inc., is calling on …
Read More SEC Starts Shifting Agency’s Focus as Job Cut Threat Spooks Staff
A day after the Trump administration sent a missive to all federal employees inviting them to resign, the U.S. Securities and Exchange Commission’s acting boss, Mark Uyeda, addressed staff in a packed auditorium at its Washington headquarters. In his opening …
Read More Oil Executives Call for Cautious Return to Red Sea Navigation
Oil executives called on Thursday [Feb. 6] for a return to navigation through the Red Sea en route to the Suez Canal following a halt in attacks by Iran-backed Houthi rebels, but said firms were cautiously monitoring shipping conditions and …
Read More China Frees Possible $27 Billion From Insurers to Buy Gold
A pilot program in China that allows insurers to buy gold for the first time could free up billions of dollars of investment in the metal, adding further impetus to a record-setting rally. Prices hit a fresh peak. Ten insurance …
Read More China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers
China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold sufficient capital and liquidity buffers. The guidelines asked insurers to formulate a concentration risk management strategy and mitigation mechanisms and …
Read More Viewpoint: Early Executive Actions by Trump Portend a Major Contraction at OSHA
President Trump was sworn in for a second term the morning of January 20, and he spent the rest of that day setting a record for the most ever Day 1 executive actions. Among those Day 1 executive actions (and …
Read More NCDOI Fines UnitedHealthcare $3.4 Million Over Balance Billing of Insureds
UnitedHealthcare of North Carolina has agreed to pay a $3.4 million fine and take action to improve claims handling and prevent balance billing for out-of-network treatment after a state Department of Insurance investigation detailed multiple allegations. “Patients receiving emergency room …
Read More Florida OIR Approves Smaller Average Rate Increases for Citizens This Year
Just as many Florida property insurers had hoped to see a boost to the private market with a maximum rate increase for Citizens Property Insurance Corp., state regulators have slashed the rate hike by more than half. After an unusually …
Read More Viewpoint: How Will the California FAIR Plan Fare, and What’s Next for Independent Agents?
If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its personal point of contact …
Read More People Moves: IMA Names Empey President, Salt Lake City and Utah Market Leader
IMA Financial Group named Kendall Empey president, Salt Lake City and market leader for Utah. Empey oversees employee benefits and property/casualty activities in the Utah market. Empey has experience in operations and running both large and regional brokers. He most …
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