Posts by Hometown Insurance
California Department of Insurance Moves Modeling Regulation Proposal Forward
The California Department of Insurance has submitted its final wildfire catastrophe modeling regulation to the Office of Administrative Law for approval. Th regulation is intended to strengthen the state’s insurance law, Proposition 103, by establishing coverage commitments from insurance companies …
Read More Insurer, Contractors Allege Staged Injury Claims Scheme Under New York Scaffold Law
A construction industry captive insurer along with three construction contractors have filed a lawsuit alleging a massive New York fraud scheme involving staged workplace accidents and bogus workers’ compensation and personal injury lawsuits backed by complicit lawyers and medical providers. …
Read More Atmospheric River to Slam the Pacific Northwest and California
Meteorologists are forecasting a stormy pattern that could impact millions of people across U.S. this week with the threat of flooding, travel disruptions and the potential for the first accumulating snowfall of the season in some places. Flooding rainfall and …
Read More Judge Reduces UPS Driver’s $237.6M Bias Verdict to $39.6M
A federal judge reduced a $237.6 million jury award against United Parcel Service to $39.6 million in the case of a Black former driver who accused the package delivery company of workplace bias and wrongful firing. In a decision made …
Read More California Wildfire Destroys 243 Structures, Cancellation Moratorium Issued
California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 200,000 policyholders affected by the Mountain Fire, which has destroyed 243 structures. The order shields those living within the …
Read More TSLA Announces Election of Officers & Directors at Annual Meeting
The Texas Surplus Lines Association, Inc. announces the election of the following Officers and Directors at its 69th Annual Meeting held at the Four Seasons Hotel Austin on November 11, 2024. President – Robert McEwen, MBA, CIC, The Parks Group, …
Read More Inszone Acquires LIA of Texas
Inszone Insurance Services announced the acquisition of LIA Texas, LLC, an agency based in Dallas, Texas. This strategic acquisition enhances Inszone’s footprint in Texas, enhancing the company’s ability to provide personalized service and diverse insurance solutions to clients in Texas. …
Read More USGS: Pair of Small Quakes in Southern California’s Inland Empire
A pair of small earthquakes were reported in Southern California’s Inland Empire on Saturday, according to the U.S. Geological Survey. The first magnitude 3.5 earthquake occurred at 2:17 p.m. northwest of Fontana. It was 1. 7 miles deep, according to …
Read More NHTSA Opens Probe Into Over 110,000 Ford SUVs on Seat Belt Concern
The U.S. auto safety regulator said on Monday it had initiated a recall query into about 112,567 Ford SUVs over an issue with seat belt retractors. The National Highway Traffic Safety Administration said it had received three complaints, alleging an …
Read More Spain’s Record-Breaking Floods Push Insured Losses Above €4 Billion ($4.2 Billion)
Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 billion), according to credit rating agency Morningstar DBRS. This insured price tag includes losses absorbed by the Consorcio de Compensación de Seguros (CCS), the state-backed …
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