Posts by Hometown Insurance

Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous East Palestine derailment, but it also made progress in reducing its expenses and getting more efficient. The Atlanta-based railroad said it earned $737 …

New Jersey property owners do not need to show that their home is damaged or decayed in order to qualify for a flood hazard permit to replace it, a state appeals court has ruled. The court upheld the state Department …

JACKSON, Miss. (AP) — A Mississippi grand jury decided not to bring criminal charges against a sheriff’s deputy who fatally shot a man who was yelling “shoot me,” the state attorney general’s office said Monday. The Hancock County Sheriff’s Department …

Bain Capital Insurance has announced a capital investment in 1970 Group, a New York-based specialized risk financing provider to the insurance industry. 1970 Group offers expertise in structured financing, credit support and risk management. The company pioneered the concept of …

A global accounting body on Wednesday proposed guidance on how companies can do more to show the impact of climate change on their financial performance, saying standalone disclosures do not give investors the clarity they need. Norms written by the …

LIVINGSTON, La. (AP) — Two boats collided on a Louisiana river, leaving two people dead and several others hurt, authorities said Monday. The collision happened early Sunday on the Tickfaw River near Kings Point in Livingston Parish. The Louisiana Department …

Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the 10-year average — as extreme wildfires, droughts and floods upend historical norms. The data, which were compiled by Munich Re, …

French farmers are calling on the government to provide financial aid as there’s a high risk that this year’s wheat harvest will be the lowest in at least a decade because of heavy rains. Three weeks into the season, field …

Damaging earthquakes that rocked West Texas in recent days were likely caused by oil and gas activity in an area that has weathered tremors for decades, according to the U.S. Geological Survey. A sequence that began in 2021 erupted with …

AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Stonetrust Commercial Insurance Company and Stonetrust Premier Casualty Insurance Company. Stonetrust is …