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Insurance

Western Curbs on Russian Oil Products Redraw Global Energy Shipping Patterns

By Hometown Insurance | April 6, 2023
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the European …
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Zurich Exits Insurance Climate Alliance Days After Munich Re

By Hometown Insurance | April 6, 2023
Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a matter of days. The Swiss insurer said in a statement that it’s …
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Markets/Coverages: Berkley Select Enhances Middle Market Lawyers Pro Liability Coverage

By Hometown Insurance | April 6, 2023
To address the growing risks faced by middle market law firms, Berkley Select said it enhanced its lawyers professional liability (LPL) offerings, adding new coverages, more flexible policy forms and expanded capacity. Berkley Select’s lawyers professional liability coverage enhancements include: …
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EEOC Says Uber Should Face Claims That Driver Ratings Are Biased

By Hometown Insurance | April 6, 2023
The U.S. agency that enforces workplace discrimination laws has urged a federal appeals court to revive a lawsuit alleging that Uber Technologies Inc’s system allowing passengers to rate drivers is racially discriminatory. The U.S. Equal Employment Opportunity Commission (EEOC) filed …
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143,000 VW SUV Owners Warned to Keep Front Passenger Seats Empty

By Hometown Insurance | April 6, 2023
Owners of 143,000 recalled Volkswagen Atlas vehicles should not let people sit in front passenger seats until the occupant-detection systems in these vehicles have been fixed, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday. The recall covers …
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NC Farm Bureau Can Keep $24 Million in Green Energy Tax Credits, Court Says

By Hometown Insurance | April 6, 2023
An insurance company is entitled to generous tax credits even if the carrier did not invest directly in renewable energy projects, a North Carolina court has decided, striking down a $24 million tax assessment by the state’s Department of Revenue …
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People Moves: Embroker in California Names Spagnuolo Chief Product Officer

By Hometown Insurance | April 6, 2023
Embroker named Chris Spagnuolo as chief product officer. Spagnuolo has nearly 20 years of product management experience, most recently as CPO at Wander. Spagnuolo also founded two startups and spent seven years as a product consultant to organizations such as …
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Jury Awards $3.2M to Ex-Tesla Worker in California for Racial Abuse Suit

By Hometown Insurance | April 6, 2023
A federal jury has awarded nearly $3.2 million in damages to a Black former worker at a Tesla factory in California that has been at the epicenter of racial discrimination allegations hanging over the automaker run by billionaire Elon Musk. …
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Takeaways from Our Conversation on Insuring Magic Mushrooms

By Hometown Insurance | April 6, 2023
Magic mushrooms are a class of drugs in a promising industry referred to broadly as psychedelics, a market that some believe will reach more than $8 billion in the next few years. Like cannabis, they are considered controlled substances. So, …
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People Moves: Henningsen Appointed Lockton Texas P&C CEO; Kephart joins TIPS

By Hometown Insurance | April 5, 2023
Henningsen Appointed CEO of Lockton Texas P&C Business Lockton Companies has appointed Jeff Henningsen as chief executive officer (CEO) for the Texas P&C business, with teams in Dallas, Houston and Ft. Worth, Texas; New Orleans, Louisiana; and Birmingham, Alabama. Lockton …
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