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Posts by Hometown Insurance

Allianz to Buy HSBC’s Singapore Insurer in $2.1 Billion Deal

By Hometown Insurance | July 24, 2026
Allianz SE agreed to buy HSBC Holdings Plc’s Singapore insurance unit for S$2.7 billion ($2.1 billion), marking a substantial expansion less than two years after another deal in the city-state fell apart. The two firms also agreed to enter a …
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Liberty Mutual Introduces Its Newest Brand Character: Liberty Biberty

By Hometown Insurance | July 24, 2026
Liberty Mutual Insurance has introduced its first new brand character in eight years: Liberty Biberty, the embodiment of the warm, fuzzy feeling you get when you have great coverage at a great price. Liberty Mutual first introduced the phrase “Liberty …
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Can Captive’s Hands-on Vetting of Bars Provide Answer to SC Liquor Liability Crisis?

By Hometown Insurance | July 24, 2026
For almost eight years now, South Carolina bars, restaurants and music venues have faced a sobering situation brought on by a 2018 state law that requires at least $1 million in liquor liability coverage: Pay unaffordable premiums or shut their …
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Florida Teen Suing Meta Over Mental Health Harm Drops Claims Days Before Trial

By Hometown Insurance | July 24, 2026
A Florida teen dropped his lawsuit on Wednesday against Meta Platforms META.O, canceling a Los Angeles trial over claims the social media company’s apps caused his depression and anxiety. The trial, which had been slated to begin on Monday, was …
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WCIRB: California Comp Premium Leveled off, But CT Claims Frequency Rose

By Hometown Insurance | July 24, 2026
California workers’ compensation premium growth leveled off as rates stabilize, but rising cumulative trauma claims continue to drive claim frequency higher, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its 2026 State of the System …
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People Moves: AIPSO Appoints Willis President and CEO; Canopius Names HSBC’s Alioto as Group COO; Doubtless Adds to North American Leadership

By Hometown Insurance | July 24, 2026
The Automobile Insurance Plans Service Office (AIPSO) appointed Executive Vice President Les Willis as president and CEO. Willis succeeds President and CEO Charles Kwolek, who is retiring after a 32-year career with the organization. Prior to joining AIPSO, Willis served …
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Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal

By Hometown Insurance | July 23, 2026
Safety Insurance Group Inc,, a property/casualty insurer in Massachusetts and New England, has agreed to be acquired by Span’s Mapfre S.A. in an all-cash transaction valued at approximately $1.54 billion. Under the terms of the agreement, a subsidiary of Mapfre …
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People Moves: Brown & Riding Names Kane to National Casualty Practice

By Hometown Insurance | July 23, 2026
Brown & Riding to announced that Abe Kane has joined its National Casualty Practice. With over 20 years of industry experience, Kane specializes in casualty solutions for public entities and higher education institutions. His background spans underwriting, reinsurance, and specialty …
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War Risk Insurance Costs Surge for Southern Red Sea Voyages After Houthi Attacks

By Hometown Insurance | July 23, 2026
The insurance cost of shipping goods through the southern Red Sea doubled for some companies on Thursday, after Yemen’s Iran-aligned Houthis attacked at least one tanker overnight, sources said. The Houthis said their forces had carried out missile and drone …
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Florida Appeals Court Strikes Jury’s $335,000 Award in Universal Plumbing Claim

By Hometown Insurance | July 23, 2026
One of Florida’s largest property insurers won a major victory Wednesday from an appeals court, which found that a jury’s $335,000 award in a claims dispute over plumbing damages was far out of line with the evidence. “The verdict was …
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