Posts by Hometown Insurance

Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents’ increasing demand for protection — in both property and casualty, according to three renewal reports from reinsurance brokers. “Loss-free property programs generally saw easing …

Hurricane Beryl made its U.S. landfall at Matagorda, Texas early Monday as a Category 1 hurricane. The storm has reportedly knocked out power to 1 million homes and businesses, but the storm’s overall impact to the insurance industry is expected …

A wildfire that erupted in Southern California has burned more than 20,000 acres, prompting an evacuation order and threatening ranches, including Michael Jackson’s former Neverland Ranch. The Lake Fire erupted on Friday northeast of Los Olivos, growing to become the …

Weather-related catastrophes are increasing in frequency and intensity, and billion-dollar disasters are becoming the norm. The U.S. averages about 10 disasters costing more than $1 billion each year. Investing in resilience and preparedness won’t prevent these losses, but they can …

Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson’s Baby Powder – and she’s pursuing a lawsuit her daughter started a decade ago, alleging the company’s talc …

An ancient tree from India is now thriving in groves where citrus trees once flourished in Florida, and could help provide the nation with renewable energy. As large parts of the Sunshine State’s once-famous citrus industry have all but dried …

Fireworks have been identified as the cause of the wildfire burning in New Jersey’s Wharton State Forest. The fire, which has burned more than 4,000 acres, was 75% contained by Sunday, officials said. The New Jersey Forest Fire Service reported …

A New Hampshire hospital has agreed to pay $300,000 to resolve allegations that it violated federal law by failing to keep accurate records of controlled substances, including opioids, the U.S. attorney’s office said. The Drug Enforcement Administration began an investigation …

Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down. Almost three new cases involving financial services firms were filed every day on average at …

Investors in bonds intended to help Jamaica cover the costs of a natural catastrophe won’t be affected by the havoc wrought by Hurricane Beryl, even as the prime minister declares the entire Caribbean island a disaster area. As the earliest …