Posts by Hometown Insurance

Poland’s biggest insurer PZU needs a strategy to tackle its ownership of stakes in two banks, which is complicating its valuation, the state assets minister said. Globally, insurers are focusing on core business and are spinning off banking operations, Jakub …

With less than three months to go until the general election, politics seem to be a hot topic for discussion these days! However, today’s political climate is more divisive than ever, and there are many reasons why you may not …

Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating companies failed to keep proper electronic communications — the latest fallout from US regulators’ so-called WhatsApp investigations. The Securities and …

Annual workers’ compensation rate cuts in the double digits have become routine in almost every U.S. state in recent years. That trend may have now come to an end in Florida, where the National Council on Compensation Insurance is recommending …

Conifer Holdings announced that it completed the sale of its insurance agency operations for consideration equal to $45 million (subject to transaction expenses and customary purchase price adjustments), plus possible additional earn-out payments of up to $25 million based on …

AG Equipment Company, a Broken Arrow, Oklahoma compressor packaging manufacturer, violated federal law when it fired 10 employees for failing to receive a COVID-19 vaccination because of their religious beliefs or medical restrictions, the U.S. Equal Employment Opportunity Commission (EEOC) …

Four people were injured after a bus carrying the Abilene Christian University football team was involved in a crash with another vehicle in Lubbock, Texas, on Saturday night. One player, two coaches, and the bus driver were taken to University …

STEELE, N.D. (AP) — Tornadic winds knocked nearly four dozen train cars off a track in North Dakota, part of a storm system that spurred reports of five tornadoes across the Dakotas. BNSF Railway spokesperson Kendall Sloan said a train …

DETROIT (AP) — The Michigan Supreme Court on Friday shut the door on businesses seeking to be paid by the state for restrictions that harmed sales during the COVID-19 pandemic. The court, in a pair of 5-2 orders, let stand …

Fitch Ratings published midyear underwriting results for 19 non-life reinsurers, finding that the group’s average first-half 2024 combined ratio was 84.2, and forecasting continued profits for the rest of 2024 and 2025 also. But while reinsurers will continue to maintain …