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Insurance

Suit Over NC eCourts Management System Can Continue, Judge Says

By Hometown Insurance | April 7, 2025
GREENSBORO, N.C. (AP) — A federal lawsuit alleging North Carolina’s new electronic courts records and case management system contributed to unlawful arrests or extended jail detainments can continue against the system’s developer and a county sheriff, a judge ruled this …
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Tennessee Safety Agency Says Plastics Workers Were Given Time to Evacuate

By Hometown Insurance | April 7, 2025
NASHVILLE, Tenn. (AP) — Workers at an East Tennessee plastics company who died in flooding from last year’s Hurricane Helene had time to evacuate, albeit by “makeshift routes,” according to an investigation from the Tennessee Occupational Safety and Health Administration …
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Kentucky Boy’s Death Raises Questions About Why Schools Weren’t Canceled

By Hometown Insurance | April 7, 2025
FRANKFORT, Ky. (AP) — A 9-year-old Kentucky boy who died in floodwaters while walking to catch his school bus was remembered by his classroom teacher as the “sweetest, kindest boy.” The death of Gabriel Andrews stunned residents in the Bluegrass …
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MarketScout: Q1 Composite Personal Lines Rates Up 4.9%; Commercial Rates Up 3%

By Hometown Insurance | April 7, 2025
According to the MarketScout Market Barometer, the composite rate for U.S. personal lines kept rising in the first quarter to 4.9%, up from 4% during the prior three-month period. Richard Kerr, CEO of Novatae Risk Group, said the increase was …
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EU Weighs International CO2 Credits to Meet New Climate Goal, Sources Say

By Hometown Insurance | April 7, 2025
The European Commission is considering counting international carbon credits towards its next climate target, a move that could weaken the CO2-cutting efforts it demands from domestic industries, sources familiar with the matter told Reuters. The idea is among options being …
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Global Credit Starts to Wobble as Market Pain Spreads

By Hometown Insurance | April 7, 2025
Global credit markets began to come under fire on Monday, driving the cost of insuring against corporate and sovereign default higher, as recession fears rippled across equities, commodities and currencies. Trillions of dollars have been wiped off global stock markets …
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Generali Investors Should Vote to Keep CEO Donnet in Job: Proxy Adviser ISS

By Hometown Insurance | April 7, 2025
Leading governance adviser Institutional Shareholder Services (ISS) has recommended Generali investors vote to hand CEO Philippe Donnet another term at a general meeting on April 24. Donnet has been put forward as a candidate by the insurer’s main investor Mediobanca. …
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People Moves: Plymouth Rock Home Names Zygmunt Chief Operating 0fficer

By Hometown Insurance | April 7, 2025
Plymouth Rock Home Assurance Corp., headquartered in Boston, appointed Kevin Zygmunt as its chief operating officer. In his new role, he oversees operations for the marketing, underwriting, service, and claims teams for the home group. Zygmunt most recently led the …
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Chevron Ordered to Pay $744M for Damaging Louisiana Wetlands

By Hometown Insurance | April 7, 2025
Oil company Chevron must pay $744.6 million to restore damage it caused to southeast Louisiana’s coastal wetlands, a jury ruled on Friday following a landmark trial more than a decade in the making. The case was the first of dozens …
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Meta Plans Nearly $1 Billion Data Center Project in Wisconsin

By Hometown Insurance | April 7, 2025
Meta Platforms Inc. plans to spend nearly $1 billion on the development of a data center project in central Wisconsin, underscoring a larger effort from the social media giant to ramp up investments in AI and cloud infrastructure. In February, …
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