Posts by Hometown Insurance

In the early morning hours of May 6, 2023, an explosion occurred in a bank in the German town of Bad Homburg, sending shattered glass as far as 30 meters away. Two men had broken into the building and filled …

Flight and voice data boxes from a plane that crashed in Brazil have been extracted with “100% success,” a government aviation official said, as investigators probe the cause of an accident that killed everyone on board. A preliminary report will …

The risks from the growing number of natural disasters offer Australia’s largest pension funds a chance to boost returns. Colonial First State, one of the nation’s biggest pension and wealth managers, is looking to add natural catastrophe reinsurance to its …

Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure that would be “very manageable” for the industry, according to a report from Gallagher Re. Wind and water-related losses could …

Fourteen percent of insurance companies plan to reduce employee headcounts in the next year, according to numbers from Aon and The Jacobson Group’s latest insurance labor market study. Jeff Rieder, partner at Aon and head of STG Performance Benchmarking, said …

Many companies offer detailed climate projections tailored to property-level precision. These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have been among the adopters of climate-risk models, in a sign …

The number of Florida claims from Hurricane Debby, filed within five days of the storm, already is almost half of the the number of claims filed in Hurricane Idalia in a three-month period. Debby claims by Friday had reached more …

A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is …

First responders launched high-water and helicopter rescues of people trapped in cars and homes in rural New York and Pennsylvania as heavy rain from the remnants of Debby slammed the Northeast with intense floods. The worst of the flash flooding …

California Insurance Commissioner Ricardo Lara on Friday released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara today issued a bulletin implementing rate review reforms he says will help stabilize the state’s insurance …