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Insurance

Markets/Coverages: NIP Expands GrowPro Program to Include Agricultural Property

By Hometown Insurance | August 4, 2023
NIP Group announced the nationwide expansion of its GrowPro insurance program. Originally designed to cater to hydroponic growers, greenhouse operators, nurseries, garden centers, and indoor vertical farm operations, GrowPro now includes coverage for agricultural property. The GrowPro program offers a …
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Romania Expects to Clear Danube Logjam After Ukraine Attack; Insurers Remain Wary

By Hometown Insurance | August 4, 2023
Romania expects around 30 ships from Ukraine to clear customs on the Danube River over the next two days as it bids to clear a logjam in the aftermath of Wednesday’s Russian attack on Ukraine’s main river port at Izmail. …
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Amazon Again Cited by Regulators Over Worker Safety

By Hometown Insurance | August 4, 2023
The U.S. workplace safety regulator said Amazon.com Inc has subjected workers at yet another of its sprawling warehouses to hazardous conditions by imposing onerous production quotas and failing to provide proper medical care. The U.S. Department of Labor’s Occupational Safety …
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Microsoft Says Russia-Linked Hackers Behind Dozens of Teams Phishing Attacks

By Hometown Insurance | August 4, 2023
A Russian government-linked hacking group took aim at dozens of global organizations with a campaign to steal login credentials by engaging users in Microsoft Teams chats pretending to be from technical support, Microsoft researchers said on Wednesday. These “highly targeted” …
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Kill the Kill Switch: CFPB Says Dealer Illegally Locked Cars and Repossessed Them

By Hometown Insurance | August 4, 2023
The Consumer Financial Protection Bureau on Wednesday sued USASF Servicing, the financial arm of a chain of auto dealerships found mostly in the South, alleging the company committed a laundry list of illegal practices, like disabling borrowers` cars, double-billing customers, …
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Lizzo Pushes Back After Her Former Dancers Claim Harassment in California Suit

By Hometown Insurance | August 4, 2023
Lizzo said that she`s “not the villain” that three of her former backup dancers falsely accuse her of being in a sexual harassment lawsuit. The civil lawsuit filed Tuesday in Los Angeles Superior Court claims Lizzo pressured the dancers to …
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Broker Verlingue Expands UK Footprint With Acquisition of Brunsdon Employee Benefits

By Hometown Insurance | August 4, 2023
Verlingue has announced the acquisition of Gloucester, England-based Brunsdon Employee Benefits, an independently owned employee benefits specialist. The deal, subject to regulatory approval, supports Verlingue’s recent expansion in the Midlands and Southwest and significantly boosts its employee benefits capabilities in …
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Swiss Re H1 Net Income Surges to $1.4B on Lower Natural Catastrophe Losses

By Hometown Insurance | August 4, 2023
Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by contained natural catastrophe losses and a rebound in its life and health business to pre-pandemic levels. Net premiums earned and …
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UK Seeks to Boost Defenses for Potential Infrastructure Attacks

By Hometown Insurance | August 4, 2023
The UK government unveiled a fresh attempt to bolster security of critical energy infrastructure like gas pipelines. The release of an updated National Risk Register by Deputy Prime Minister Oliver Dowden reflects concerns that heavy reliance on gas supplies piped …
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WCRI: Inflation Not a Big Deal for Workers’ Comp, Yet

By Hometown Insurance | August 4, 2023
While fast-rising prices in the past year drove up claim costs for auto and property insurers, inflation has been a more ho-hum affair for the workers’ compensation line and health care in general, according to a new report by the …
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Recent Posts

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  • Sanlam’s $1.2 Billion Bid for Santam Would Give More Freedom to Deploy Capital
  • Markets/Coverages: Aviva to Enter US Specialty Market in Q4

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