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Insurance

DeSantis Turns Heads with Comment that Citizens Insurance ‘Not Solvent;’ Board Approves Cat Bond

By Hometown Insurance | March 20, 2023
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has “not been solvent” and may be unable to pay all claims from a major hurricane. The head-scratching comments came just …
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New York Senate Passes Bill Requiring Insurance Disclosure on Pipeline Projects

By Hometown Insurance | March 20, 2023
The New York Senate has unanimously approved legislation that requires the disclosure of insurance information on permit applications for the construction of pipelines traversing any freshwater wetlands in the state. The necessary information includes the name of the insurance company …
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Vermont Senate Advances Liability Shield for Abortion and Transgender Care Providers

By Hometown Insurance | March 20, 2023
The Vermont Senate on Friday passed a bill that aims to protect health care workers from disciplinary action for providing abortions and gender-affirming health care, and change insurance premium charges related to such care. The legislation defines reproductive and gender-affirming …
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White House Approves Disaster Funding for New Hampshire’s December Storm

By Hometown Insurance | March 20, 2023
President Joe Biden approved a federal disaster declaration for New Hampshire following damage caused by a severe storm and flooding that happened around Christmas, the Federal Emergency Management Agency said. Funding is available to the state, eligible local governments and …
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Third Time’s a Charm for Nevada’s Captive-Focused Insurance Commish

By Hometown Insurance | March 17, 2023
Scott Kipper’s list of LinkedIn experiences runs 14 items long, but that’s not so much him bragging. He’s moved around a lot in a career that stretches back more than 30 years. He could have just left off some of …
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Insurers: Washington’s Proposal for More Premium Increase Explanations May Delay Filings

By Hometown Insurance | March 17, 2023
Insurers say a new regulation proposed by Washington state Insurance Commissioner Mike Kreidler that requires them to explain premium increases to their policyholders in language consumers can understand has the potential to delay rate filings. Kreidler announced the proposed rule …
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Texas Church Ordered to Pay Back Wages After Concerns About Rodents, Insects

By Hometown Insurance | March 17, 2023
After a nutrition specialist employed at a Dallas, Texas childcare facility raised concerns about rodents, spiders and other insects in its cafeteria, kitchen and other areas, their employer acted far from charitably and terminated the worker in August 2021. After …
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Wind Farm in Southern Texas Draws Resistance

By Hometown Insurance | March 17, 2023
DEL RIO, Texas (AP) – Long before a Chinese spy balloon captivated and spooked the U.S. public, Kyle Bass foresaw what he deemed another foreign danger slated for skies above the Texas-Mexico border: wind turbines. Dozens of them, roughly 700 …
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Minnesota Meat Processing Company Accused of Employing Minors

By Hometown Insurance | March 17, 2023
A meat processing company in Minnesota employed children as young as 13 to work in hazardous conditions, such as operating meat grinders, while they worked overnight shifts and longer hours than allowed by law, the Minnesota Department of Labor and …
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London Market Insurers Publish Guidelines for Marine Casualty Claims

By Hometown Insurance | March 17, 2023
New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of shipping casualties. A protocol document seeks to promote more effective communication between different parties involved in responding to resulting insurance …
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