Posts by Hometown Insurance
UK Insurer Aviva Beats Earnings Forecasts on Home, Motor Insurance Price Hikes
British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said on Wednesday it remained confident of meeting its 2026 targets. The life and general insurer, whose main businesses are in …
Read More Was July 2023 or July 2024 the Hottest Month on Record? Yes.
July saw record-breaking heat around the world, including the hottest day ever recorded and multiple national heat records. But whether it was the hottest month in history depends on who you ask. Last week, Copernicus — the EU’s climate science …
Read More Markets/Coverages: Liberty Mutual Re, Insurtech Sprout Offer Parametric Cover for Kenyan Coffee Farmers Facing Climate Risk
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan coffee growers from financial losses due …
Read More Drax Global Reports Violating Air Emissions Limits at Louisiana Plants
NEW ORLEANS (AP) — British energy giant Drax Global, already under scrutiny for running afoul of environmental laws in multiple states, has disclosed to the state of Louisiana that its wood pellet production facilities emit hazardous air pollutants above their …
Read More Markets/Coverages: Amwins, Floodbase Unveil Flood Insurance for Golf Courses; Aegis Pro Risk Partners With Sentry on E&O Program
Amwins announced the launch of its “Tees-to-Green” flood insurance program powered by Floodbase to reimburse U.S. golf courses for lost revenue due to flooding. Golf courses are often built on land prone to flooding. Yet, resorts and courses generally only …
Read More Health Systems Increasingly Targets of Cyberattacks But They Can be Ready
Just as a Southeastern U.S. blood center tries to recover from another cyberattack on a health system, others who have lived through the pain offered some words of wisdom in a webinar Tuesday that could help providers minimize disruption as …
Read More Vineyard Wind Allowed to Resume Limited Offshore Turbine Installation
Vineyard Wind and GE Vernova on Tuesday said U.S. safety officials have allowed them to resume limited construction on an offshore wind farm off the Massachusetts coast where a turbine blade shattered last month. Vineyard Wind, owned by Avangrid and …
Read More Reporting High Electric Bills Helps Nab Illegal Marijuana Farms But Raises Privacy Issues
Operators of illegal marijuana grow enterprises hidden inside rural homes in Maine don’t have to worry much about prying neighbors. But their staggering electric bills may give rise to a new snitch. An electric utility made an unusual proposal to …
Read More ALKEME Acquires Dunhill Marketing and Insurance Services in California
ALKEME acquired Dunhill Marketing & Insurance Services in San Diego, California. Founded in 1992, Dunhill Insurance Services offers insurance services and specializes in life insurance and annuities with a focus on high-end markets. Ladera Ranch, California-based ALKEME is an insurance …
Read More People Moves: Risk Strategies Appoints Leung as SVP
Risk Strategies, headquartered in Boston, appointed Bradford Leung as senior vice president in its private equity practice. Leung brings over two decades of private equity and mergers and acquisitions expertise, ranging from property and casualty to employee benefits. He previously …
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