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Insurance

Landlords Face a $1.5 Trillion Commercial Real Estate Maturity Wall

By Hometown Insurance | September 3, 2024
Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, and about a quarter of that borrowing could be hard to refinance, according to Jones Lang LaSalle Inc. …
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Another Bus in Mississippi Blows a Tire and Crashes, Killing 7 and Injuring 37

By Hometown Insurance | September 3, 2024
BOVINA, Miss. (AP) — Seven people were killed and dozens were injured in Mississippi after a commercial bus overturned on Interstate 20 on Saturday morning, according to the Mississippi Highway Patrol. Six passengers were pronounced dead at the scene and …
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Youth Football Safety Debate Reopened After Deaths of 2 Players on Same Day

By Hometown Insurance | September 3, 2024
HEWETT, W.Va. (AP) — Ryan Craddock had seen his share of tragedy during two decades as a coal miner and firefighter. Then came the toughest heartbreak of all: his own. Craddock and his family are mourning the loss of his …
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How One Florida Engineer Charged Others With Fraudulent Insurance Reports, Testimony

By Hometown Insurance | September 3, 2024
He’s been called “eccentric,” a “do-gooder,” a “troublemaker” and a whistleblower. And he may be the best friend the Florida property insurance industry has. A mechanical engineer based in Edgewater, George Miles has filed formal complaints with the Florida Board …
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Boar’s Head Plant Tied to Deadly Listeria Broke Food Safety Rules, Records Show

By Hometown Insurance | September 3, 2024
A Boar’s Head deli meat plant in Virginia tied to a deadly food poisoning outbreak repeatedly violated federal regulations, including instances of mold, insects, liquid dripping from ceilings, and meat and fat residue on walls, floors and equipment, newly released …
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Los Angeles to Pay $38M For Failing to Make Affordable Housing Accessible

By Hometown Insurance | September 2, 2024
The city of Los Angeles will pay $38.2 million to settle a 2017 lawsuit after “falsely” stating on federal documents that its multifamily affordable housing units built with federal funds were accessible for people with disabilities. The complaint was filed …
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Washington Marble Contractor Fined $300K for Exposing Workers to Silica Dust

By Hometown Insurance | September 2, 2024
A Skagit County was fined nearly $330,000 for exposing workers to crystalline silica dust from cutting, grinding and polishing stone countertops. The Washington State Department of Labor & Industries cited and fined A+ Marble & Granite LLC in July after …
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California Legislature Passes Bill to Support Insurance Fraud Detectives

By Hometown Insurance | August 30, 2024
California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and officers in other state agencies. The California Senate and Assembly this week passed Assembly Bill 2872, which would support the …
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‘Potentially Explosive’ Military Devices Involved in Deadly Arkansas Crash

By Hometown Insurance | August 30, 2024
BRINKLEY, Ark. (AP) — A crash on Interstate 40 in Arkansas involving two tractor-trailers and a truck carrying “potentially explosive” military devices killed one person and backed up traffic for hours on the busy highway, officials said. The crash Monday …
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RLI Insurance Wants 16% Rate Hike in Florida on Umbrella, Filing Shows

By Hometown Insurance | August 30, 2024
Florida’s insurance commissioner in early August noted that rate increases by property-casualty insurers in the state have slowed significantly since 2023 legislative reforms were enacted, with 12 carriers asking for a small decrease this year and another two dozen filing …
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