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Insurance

US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood

By Hometown Insurance | November 20, 2024
Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …
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California Labor Commissioner Fines Hotel $10M for Worker Recall Law Violations

By Hometown Insurance | November 20, 2024
The Marriott Marquis San Diego Marina was fined $9.4 million by the California Labor Commissioner’s Office for violating the state’s worker recall law. The penalty is for the hotel’s reported failure to rehire 15 employees laid off during the pandemic. …
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More Logging Proposed to Help Curb Wildfires in Pacific Northwest

By Hometown Insurance | November 20, 2024
U.S. officials would allow increased logging on federal lands across the Pacific Northwest in the name of fighting wildfires and boosting rural economies under proposed changes to a sweeping forest management plan that’s been in place for three decades. The …
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New York City Issues First Drought Warning in 22 Years

By Hometown Insurance | November 19, 2024
New York City has issued its first drought warning in 22 years after months of little rain — and will restart the flow of drinking water from an out-of-service aqueduct as supplies run low. Dry conditions across the Northeast have …
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Massachusetts Police Charge Man With Intentionally Setting Brush Fires

By Hometown Insurance | November 19, 2024
A man was arrested on suspicion of intentionally setting brush fires in Massachusetts during a time of dry conditions that have led to blazes throughout the Northeast, police said Monday. Police said they arrested the 72-year-old Attleboro man during a …
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TWIA Board Reviews 2025 Budget After $455 Million Loss from Hurricane Beryl

By Hometown Insurance | November 19, 2024
The Texas Windstorm Insurance Association Board of Directors met last week to review information related to the agency’s 2025 budget. The meeting presented new information on TWIA losses from 2024 storms as projected policy growth in the coming year. The …
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People Moves: Great American Insurance Group Promotes Gambrell to Divisional President, Excess Liability

By Hometown Insurance | November 19, 2024
Great American Insurance Group, headquartered in Cincinnati, promoted Todd D. Gambrell to divisional president, excess liability, effective Jan.1, 2025. Gambrell will succeed John V. Bracca, who will retire in January after more than 30 years of service. Gambrell joined Great …
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Texas Medical Center Settles Racial Hiring Discrimination Case

By Hometown Insurance | November 19, 2024
The U.S. Department of Labor and the University of Texas Southwestern Medical Center have entered into a conciliation agreement in which the federal contractor will pay $900,000 in back wages and interest to resolve alleged systemic racial hiring affecting 6,123 …
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Hydrogen Wildcatters Are Betting Big on Kansas to Strike It Rich

By Hometown Insurance | November 19, 2024
A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are searching below the surface for naturally occurring hydrogen, a fuel that can generate …
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Bankruptcy Judge Approves Rockville Centre Diocese $320M Sex Abuse Claims Fund

By Hometown Insurance | November 19, 2024
A federal bankruptcy judge has approved a Chapter 11 plan for the Roman Catholic Diocese of Rockville Centre, New York that includes a $320 million fund to compensate victims of clergy sexual abuse and settles insurance issues. Judge Martin Glenn …
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