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Posts by Hometown Insurance

AI Chatbot Pushed Florida Teen to Suicide, Lawsuit Against Its Creator Alleges

By Hometown Insurance | October 29, 2024
In the final moments before he took his own life, 14-year-old Sewell Setzer III took out his phone and messaged the chatbot that had become his closest friend. For months, Sewell had become increasingly isolated from his real life as …
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North Carolina Governor Approves $600 Million in Helene Recovery Funding

By Hometown Insurance | October 29, 2024
North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding last Friday for western North Carolina counties affected by Hurricane Helene after legislators passed the recovery bill the day before. The bill is the second …
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Judge Cans North Carolina Captive’s Claims That Managers Stole Software

By Hometown Insurance | October 29, 2024
Six months after a North Carolina captive insurance firm for nursing homes around the country accused its managers of poaching proprietary software and forming a competing management company, a federal judge has dismissed the lawsuit. “Plaintiffs have pleaded no factual …
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WTW Launches Insurance Brokerage Service in Japan

By Hometown Insurance | October 29, 2024
WTW announced the expansion of its Corporate Risk & Broking (CRB) business in Japan with the launch of an insurance brokerage service. The new service will offer insurance solutions to commercial clients, as well as wholesale facultative reinsurance placement services …
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Where’s the Meat? Lawsuit Claims Subway Sandwich Skimps on Filling

By Hometown Insurance | October 29, 2024
A new lawsuit accuses Subway of “grossly misleading” customers by advertising sandwiches that contain at least three times more meat than it delivers. According to a proposed class action filed on Monday in federal court in Brooklyn, Subway ads for …
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Judge Approves Healthcare Advisor’s $1.5M Data Breach Settlement

By Hometown Insurance | October 29, 2024
A federal judge in Connecticut has given final approval to a $1,525,000 class action settlement involving a data breach at Merritt Healthcare Advisors. About 3,320 people whose personal information was accessed by an unauthorized party during a security breach and …
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Brookfield Hires Head for Entry Into Japan Reinsurance Market

By Hometown Insurance | October 29, 2024
Brookfield Wealth Solutions, has entered the reinsurance business in Japan and has hired Tomohide Yokooka, formerly of Barclays Plc, as managing director and country head, according to people familiar with the matter. Brookfield Wealth, which was spun out from North …
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J&J’s $8.2 Billion Talc Settlement Faces January Court Test

By Hometown Insurance | October 29, 2024
The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January. After months of wrangling, a federal judge in …
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Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’

By Hometown Insurance | October 29, 2024
Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface temperatures get less warm. Yet rates for U.S. excess liability and Atlantic hurricane both reduced, observe the co-founders of UWX. …
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People Moves: The Hartford Announces New Leadership Appointments In Global Specialty

By Hometown Insurance | October 29, 2024
The Hartford, headquartered in Hartford, Connecticut, has expanded Michael Garrison’s role to include the international division in addition to his current responsibilities as head of the company’s U.S. wholesale organization. Garrison joined Navigators in 2021 as the head of wholesale. …
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