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Insurance

Texas Legislature Takes Aim at the Use of ESG-Related Factors by Insurance Companies

By Hometown Insurance | August 8, 2023
Insurance companies are increasingly incorporating environmental, social and governance (ESG) factors into their underwriting processes when they examine risk. However, despite the increasing adoption of ESG-related factors by insurers, political polarization and divergent political stances on the utility of ESG …
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Google Fails to End $5B Consumer Privacy Lawsuit

By Hometown Insurance | August 8, 2023
A U.S. judge rejected Google’s bid to dismiss a lawsuit claiming it invaded the privacy of millions of people by secretly tracking their internet use. U.S. District Judge Yvonne Gonzalez Rogers on Monday said she could not find that users …
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Former Ga. Insurance Commissioner’s Conviction Stands, but Tax Repay Has to Wait

By Hometown Insurance | August 8, 2023
Former Georgia Insurance Commissioner Jim Beck’s fraud conviction stands, but he won’t have to pay part of the restitution until after he’s released from prison, a federal appeals court decided Monday. The U.S. 11th Circuit Court of Appeals found no …
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Kemper Exits Preferred Home and Auto Business Immediately

By Hometown Insurance | August 8, 2023
As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will “actively reduce the business immediately,” and non-renew …
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Arthur J. Gallagher Acquires Wigmore Insurance Agency in California

By Hometown Insurance | August 8, 2023
Arthur J. Gallagher & Co. acquired Costa Mesa, California-based Wigmore Insurance Agency Inc. Tim Wigmore and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations. Wigmore …
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DeSantis’ Retaliation vs. Disney Hurting Florida, Former GOP Officials Say in Court

By Hometown Insurance | August 8, 2023
Saying Gov. Ron DeSantis has followed the autocratic examples of governments in Russia and China, a group of mostly Republican former high-level government officials and business leaders has called the Florida governor`s takeover of Disney World`s governing district “severely damaging …
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3 Killed After Charter Bus Collides with Vehicle in Pennsylvania

By Hometown Insurance | August 8, 2023
A charter bus carrying up to 50 people collided with a vehicle on an interstate in Pennsylvania, killing three people, state police said. The crash happened during heavy rain around 11:50 p.m. Sunday on southbound Interstate 81 in Dauphin County`s …
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Mass. Police Must Reinstate 7 Who Refused to be Vaccinated, Arbitrator Says

By Hometown Insurance | August 8, 2023
Massachusetts State Police must reinstate seven troopers who refused to be vaccinated for COVID-19, an independent arbitrator has ruled. The troopers have been on unpaid leave, but the arbitrator`s decision means they can return to work with retroactive pay if …
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MOVEit Cyber Hack Spawned Around 600 Breaches but Isn’t Done Yet

By Hometown Insurance | August 8, 2023
A hydra-headed breach centered on a single American software maker has compromised data at about 600 organizations worldwide, according to cyber analyst tallies corroborated by Reuters. But more than two months after the breach was first disclosed by Massachusetts-based Progress …
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Pennsylvania PUC Approves $1M Settlement Over Gas Explosion That Leveled Home

By Hometown Insurance | August 8, 2023
The Public Utility Commission has approved a revised settlement totaling nearly $1 million with a gas utility over a 2019 explosion in western Pennsylvania that reduced a home to rubble and injured five people. Canonsburg-based Columbia Gas took responsibility for …
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