Posts by Hometown Insurance
Deere & Co. Accused of Forcing Farmers to Use Authorized Dealers for Equipment Repair
Deere & Co. unfairly forces farmers to visit authorized dealers to repair their equipment, resulting in higher prices than if they could fix it themselves or get help from independent shops, the Federal Trade Commission claims in a federal lawsuit …
Read More CFPB Finds Properties May be Underinsured in Non-Coastal Flood Zones
Homeowners with mortgages who are at risk of flooding from rivers and creeks are more likely to be underinsured for floods than coastal residents, according to a new report from the Consumer Financial Protection Bureau. Using a sample of mortgage …
Read More General Motors Settles With FTC Over Sharing Driver Data
The US Federal Trade Commission has reached a settlement with General Motors Co. over claims the automaker deceived drivers by collecting their personal data and sharing it with third parties. As part of the settlement, GM will be banned for …
Read More P/C Market Profit Improvement Expected to Continue Through 2026: Triple-I, Milliman
The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …
Read More Los Angeles Pushes to Rebuild Homes Fast, Despite Wildfire Danger
California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms. That means waiving green construction mandates designed to combat climate change — which is driving such conflagrations by making conditions …
Read More NC Court Says Mother Can Sue Trooper After Student Killed in Ride-Along
RALEIGH, N.C. (AP) — The mother of a North Carolina university student killed while on a ride-along in a Highway Patrol cruiser can continue suing for gross negligence the trooper who drove off the road during a high-speed chase, a …
Read More Trump’s Miami Resort Wins Approval for $3 Billion Condo Project
Donald Trump will leave Mar-a-Lago and head to Washington next week to be sworn in as president. On his way out of South Florida, his family business scored a long-sought local victory. In a 4-0 vote on Wednesday, the Doral …
Read More People Moves: Arch Insurance Int’l Promotes Senior Leaders in Casualty Team; Markel Taps Chubb’s Jordan as Casualty Claims Manager in Australia
This edition of International People Moves details appointments at Arch Insurance International and Markel. A summary of these new hires follows here. Arch Insurance Int’l Promotes Senior Leaders in Casualty Team Arch Insurance International announced three senior promotions within its …
Read More Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured
CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion to $45 billion, but there are a lot of factors that could change the numbers. “We don’t know,” Tom Larsen, …
Read More Seibels Bruce, One of the South’s Oldest Insurance Companies, Closes its Doors
Two decades after its subsidiaries were deemed insolvent and 155 years after it was founded, one of the oldest insurance companies in the South has officially gone out of business. Seibels Bruce & Company’s 128,000-square-foot office building in Columbia, South …
Read More