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Insurance

IRC Finds Personal Auto Insurance Affordability Better Than in the 2000s

By Hometown Insurance | March 31, 2025
According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the average expenditure for auto insurance – …
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War-Torn Myanmar Struggles With Quake Rescue as Toll Rises

By Hometown Insurance | March 31, 2025
The death toll from Myanmar’s biggest earthquake in a century is set to climb from more than 1,700 following the end of a critical 72-hour rescue window, with aid efforts hampered by the ongoing civil war and sweltering heat. About …
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Thailand Probes Collapse of Only Skyscraper to Crumble in Quake

By Hometown Insurance | March 31, 2025
The collapse of a skyscraper under construction in Bangkok — the lone building to crash during the massive earthquake last week — has become the center of Thai investigations as questions swirl around the construction and quality of the materials …
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Family of Canadian CEO Killed in Helicopter Crash Files $35 Million Lawsuit

By Hometown Insurance | March 31, 2025
The family of Stephane Roy, a Canadian entrepreneur killed in a helicopter accident in 2019, has filed a C$50 million ($35 million) lawsuit against manufacturer Robinson Helicopter Co. Roy and his 15-year-old son Justin disappeared that summer while returning from …
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Viewpoint: Steady Growth Amid Market Cycles Is Possible

By Hometown Insurance | March 31, 2025
Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers. The ups and downs of insurance cycles complicate …
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Musk Loses Bid to Thwart Investor Suit Over Twitter Purchase

By Hometown Insurance | March 31, 2025
Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before he bought the company in 2022 by concealing how much stock he’d acquired. A Manhattan federal judge on Friday said …
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As Wildfire Season Arrives, Budget Woes and Federal Uncertainty Put States at Risk

By Hometown Insurance | March 31, 2025
Budget woes, combined with cuts to the federal wildfire-fighting workforce and President Donald Trump’s tariff and sovereignty threats against Canada, have made it more difficult for state officials to plan for the upcoming wildfire season. In Washington, a $12 billion …
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Public Adjuster Pleads Guilty to Another Scam, This One on a Church in Georgia

By Hometown Insurance | March 31, 2025
A notorious public adjuster, already in prison for scamming Louisiana and Texas residents out of insurance proceeds, last week pleaded guilty to defrauding Brotherhood Mutual Insurance Co. and a Georgia church out of millions of dollars after the church was …
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Fake Construction Site Injuries Reaching New Heights in New York City, Suit Says

By Hometown Insurance | March 31, 2025
Contractors insurance groups say worker injuries are being faked at an unprecedented rate across New York’s construction sites in hopes of receiving workers’ compensation benefits and liability insurance payouts, according to court filings and an ABC News report. Worker advocates …
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Oracle Warns Health Customers of Patient Data Breach

By Hometown Insurance | March 30, 2025
Hackers broke into Oracle Corp.’s computer systems and stole patient data in an attempt to extort multiple medical providers in the US, according to a person familiar with the matter and a notification the software company sent to clients. Earlier …
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