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Insurance

Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?

By Hometown Insurance | April 8, 2024
Executive Summary: Specialty insurance has experienced significant growth in recent years. Greg Gaydos, senior business development executive at Zywave, looks at the reasons and advises how to best take advantage of its wealth of opportunities. The excess and surplus lines …
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Greece Invests Over €2 Billion to Fight Climate Change Effects

By Hometown Insurance | April 8, 2024
Greece is investing €2.1 billion ($2.27 billion) to protect the nation from natural disasters caused by climate change as wildfires are already breaking out ahead of fire season, which normally starts in May. The Aegis program is the first of …
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11 Injured When Bus Carrying Fraternity Members Blows a Tire in Mississippi

By Hometown Insurance | April 8, 2024
BAY ST. LOUIS, Miss. (AP) — Eleven people were injured when a bus carrying University of South Carolina students blew a tire and hit a concrete barrier in Mississippi. Mississippi state troopers said the driver and a student were critically …
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Hurricane-Force Winds Leave 150,000 Without Power in Colorado

By Hometown Insurance | April 8, 2024
More than 150,000 Xcel Energy Inc. customers in Colorado are without electricity amid hurricane-force winds — and some may not get power back until Monday. Those affected include about 55,000 customers who had their power cut preemptively by the utility …
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Former Maryland Insurance Agent Pleads Guilty to Stealing $369K

By Hometown Insurance | April 8, 2024
A former Maryland title insurance agent recently pleaded guilty to carrying out a multi-year theft scheme netting her more than $369,000, according to the state attorney general. Cheryl Leigh Gray was a licensed insurance producer working as the operations manager …
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Women in UK Financial Services Earn One-Third Less Than Male Colleagues: Data Show

By Hometown Insurance | April 8, 2024
Some of Britain’s top financial firms pay women 28.8% less on average than male counterparts, salary data from 21 companies reviewed by Reuters shows, even though they say they are striving to hire more females for higher-paid, senior roles. Banks, …
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Loss of Engine Cover on Southwest Boeing 737-800 Prompts FAA Probe

By Hometown Insurance | April 8, 2024
An engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the Federal Aviation Administration (FAA) to open an investigation. No one was injured and Southwest Flight 3695 …
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The Risky Economics of ‘Going Bare’ Without Homeowners Insurance

By Hometown Insurance | April 8, 2024
Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes. But here is something riskier still: Going without home insurance in the U.S. …
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Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures

By Hometown Insurance | April 8, 2024
Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning to expand in metallurgical coal mining. The restrictions also entail asking the highest-emitting corporate customers to reduce their carbon footprints, …
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Bayer’s $1.5 Billion Roundup Verdict Slashed to $600 Million

By Hometown Insurance | April 8, 2024
Bayer AG’s Monsanto unit persuaded a Missouri judge to cut almost $1 billion from a $1.5 billion jury verdict that was one of the largest in the six years the company has been fighting thousands of claims that its Roundup …
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Recent Posts

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