Posts by Hometown Insurance
HUB’s VIU Builds Insurance Agency Just for Credit Union Members in Carolinas
HUB International, one of the largest U.S. insurance brokerages, has inked a deal to offer insurance products to credit union members in the Carolinas and Georgia. Spero Financial Federal Credit Union, based in South Carolina, has launched Spero Insurance Services, …
Read More Meta AI Model Accessed Internet, Hacked Outside Firm
Meta Platforms Inc. said one of its artificial intelligence models accessed the internet and hacked into an outside service’s systems during cybersecurity testing, following other recent incidents across the AI industry that have escalated concerns about companies’ control over their …
Read More Longtime North Carolina Agencies, Breeden and Citizens Group Have Merged
Two of central North Carolina’s oldest insurance agencies have agreed to merge, bringing more than 140 years of combined insurance experience to the table. Breeden Insurance Services, based in Lexington and Winston-Salem, and Citizens Insurance Group in Thomasville are now …
Read More OpenAI Asks Judge to Toss Apple’s Trade Secrets Lawsuit
OpenAI is asking a federal judge to dismiss a lawsuit filed by Apple Inc. accusing the artificial intelligence company of stealing trade secrets, saying that the iPhone maker’s allegations are meritless. Lawyers for OpenAI said that Apple’s suit falsely portrays …
Read More Pac-12, Mountain West Conferences Finalize ‘Poaching’ and Exit Fees Settlement
The Pac-12 and Mountain West conferences have finalized a settlement over “poaching” and exit fees. The two conferences announced on Tuesday that all sides have reached final agreements to settle all pending litigation. The statement included Boise State, Colorado State, …
Read More Allstate Q2 Net Income Jumps 56% on Underwriting
Allstate Corp. second quarter 2026 net income applicable to common shareholders shot up nearly 56% with underwriting income up 56.7% during the period. Net income was about $3.2 billion for Q2 versus $about $2.1 billion for Q2. Underwriting income was …
Read More Abuse Claimants Allowed to Sue for Parish Assets in Vermont Catholic Bankruptcy Case
A U.S. Bankruptcy Court will allow clergy abuse claimants to sue for an estimated half-billion dollars in parish assets to fund settlements under the Vermont Roman Catholic Diocese’s current financial reorganization case. In a written order, Burlington-based Judge Heather Cooper …
Read More AI-Native Network American Growth Insurance Makes Heller-Kowitz its First Buy
An insurance brokerage network built around artificial intelligence has completed its first acquisition, adding Heller-Kowitz Insurance Advisors as its inaugural partner agency after spending the past year developing and testing its operating model and gaining private equity backing. Atlanta’s American …
Read More Arthur J. Gallagher & Co. Acquires Canada’s Apollo Insurance Solutions
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance broker, announced the acquisition of Vancouver, British Columbia-based Apollo Insurance Solutions Ltd. Terms of the transaction were not disclosed. Apollo is a digital insurance broker and managing general agency (MGA) …
Read More Everest Agrees to Sell Mexico Insurance Operations to Canada’s Fairfax Financial
Everest Group Ltd., the Bermuda-based specialty re/insurer, announced it has entered into a definitive agreement to sell its Mexico insurance operations – Compañía de Seguros Generales Everest México – to Fairfax Financial Holdings Ltd. Financial details of the deal were …
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