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Insurance

Atlanta ‘Cop City’ Activists Question Police Evidence

By Hometown Insurance | March 24, 2023
When police stormed an Atlanta-area music festival two days after a rainstorm, they were looking for suspects wearing muddy clothing. Authorities moved in on the South River Music Festival on the evening of March 5, over an hour after more …
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Coal Miner Killed in West Virginia, Second Fatality This Year in the State

By Hometown Insurance | March 24, 2023
A coal miner died Wednesday in an accident at a northern West Virginia mine, Gov. Jim Justice said. Cecil Barker, 62, of Philippi, was working as a surveyor at Century Mining’s Longview Mine in Barbour County. Two other surveyors were …
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6 Workers Killed in Work Zone Crash on Baltimore Beltway

By Hometown Insurance | March 24, 2023
Six people were killed when a passenger vehicle pulled into a work zone along the Baltimore beltway and struck construction workers there, Maryland State Police said Wednesday. Troopers responded to the work zone on northbound Interstate 695 at Security Boulevard …
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Connecticut Lawmakers Weigh Lifting Surplus Lines Renewal Rule

By Hometown Insurance | March 24, 2023
Connecticut’s Insurance and Real Estate Committee has advanced a surplus lines insurance measure that the industry says would lift an unnecessary administrative burden but the state insurance regulator believes would unnecessarily lessen consumer protections. The bill would relieve surplus lines …
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Banks, Financial Industry Hit by Rising Ransomware Attacks

By Hometown Insurance | March 24, 2023
Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group. In its annual outlook on cyber threats, …
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High Inflation Brings 5-7.5% Hike in P/C Claims in 2022 With Some Easing Expected

By Hometown Insurance | March 24, 2023
High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to Swiss Re research. “In 2023, we expect that inflation should led to an additional increase of 3.5-6.5%,” said Swiss Re …
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Insurers Continue to Cover Ukraine Grain Corridor Shipments, for Now: Lloyd’s Chairman

By Hometown Insurance | March 24, 2023
Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The …
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EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels

By Hometown Insurance | March 24, 2023
The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered at the European Central Bank to rethink their treatment of liquidity risk. The watchdogs are in the early stages of …
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More Deaths, Injuries Linked to Recalled Eyedrops

By Hometown Insurance | March 24, 2023
U.S. officials are reporting two more deaths and additional cases of vision loss linked to eyedrops tainted with a drug-resistant bacteria. The eyedrops from EzriCare and Delsam Phama were recalled in February and health authorities are continuing to track infections …
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TikTok Attacked for China Ties as US Lawmakers Push for Ban

By Hometown Insurance | March 24, 2023
U.S. lawmakers on Thursday battered TikTok’s chief executive about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns over the app’s power over Americans. CEO Shou Zi Chew’s testimony before …
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