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Insurance

Delaware Takes Fight Against IRS Over Captive Insurers’ Data to Supreme Court

By Hometown Insurance | July 25, 2023
The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service (IRS) over the release of information on captive insurers. This fight has placed Delaware’s state regulation of insurance and its authority to …
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Elon Musk to Appeal Loss in SEC Case to Supreme Court

By Hometown Insurance | July 25, 2023
Elon Musk plans to ask the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority in enforcing a consent decree that he has called a “muzzle” on his free speech. Musk would be appealing a …
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Small Earthquake Confirmed in Arizona Town

By Hometown Insurance | July 25, 2023
A 3.8 magnitude earthquake shook a northern Arizona town Sunday afternoon but there was no immediate word on any injuries or damage, the United States Geological Survey confirmed. The USGS said the small quake struck near Chino Valley, just north …
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Woman Forced Child to Start Fire to Collect Insurance, Georgia Commissioner Says

By Hometown Insurance | July 25, 2023
Georgia authorities said a 34-year-old woman has been charged with arson and child cruelty after she forced her stepchild to light fire to her home in order to collect insurance payments. Courtney Sellers, of Screven, in southeast Georgia, was arrested …
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Alabama Firefighter Dies, Another Wounded After Attack at Fire House

By Hometown Insurance | July 25, 2023
An Alabama firefighter who was shot inside his fire station will be laid to rest today, providing a small measure of closure after what authorities have called a targeted attack that left another fireman critically wounded. News outlets reported that …
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After Decades of Delays, Coal Miners Hail Rule to Slow Black Lung Disease

By Hometown Insurance | July 25, 2023
A half-century ago, the nation`s top health experts urged the federal agency in charge of mine safety to adopt strict rules protecting miners from poisonous rock dust. The inaction since – fueled by denials and lobbying from coal and other …
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Super Typhoon Doksuri Hits Philippines, Heads to China, Taiwan

By Hometown Insurance | July 25, 2023
Philippine authorities on Tuesday evacuated hundreds of people in coastal communities as super typhoon Doksuri intensified in strength, pummeling the north with strong winds and heavy rains before it heads toward Taiwan and China. The southeast Asian nation canceled flights …
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People Moves: Arch Re Appoints Former PartnerRe CUO Schriber as President; WTW Taps Marsh’s Clarke as President, Risk & Broking, Garrard Named Unit’s Chairman

By Hometown Insurance | July 25, 2023
This edition of International People Moves details appointments at Arch Reinsurance Co. and Willis Towers Watson (WTW). A summary of these new hires follows here. Arch Re Co. Appoints Former PartnerRe CUO Schriber as President Arch Reinsurance Co. announced that …
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A First Look at How U.S. Insurers Are Adopting Global Climate Reporting Guidelines

By Hometown Insurance | July 25, 2023
U.S. insurers are adopting numerous strategies to deal with risks from climate change, according to a review out today that gives the first look at how or if insurance companies are adopting the widely used Task Force for Financial Disclosure …
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Chubb Seeks 49% of India’s Kotak General Insurance, Has Edge Over Zurich: Sources

By Hometown Insurance | July 25, 2023
U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a more favored suitor than Zurich Insurance Group, two people with direct knowledge of the discussions said. Chubb has an edge …
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