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Posts by Hometown Insurance

As Parasite Spawned Chaos, Taylor Farms Slow-Walked Response

By Hometown Insurance | July 22, 2026
The US Food and Drug Administration had apologized, Taylor Farms said in a post on X. An agency lab test linking its produce to the country’s worst cyclosporiasis outbreak in decades was a false positive. Not only that, but the …
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People Moves: Grange Names Conte Chief Distribution Officer; McCabe to Succeed Wilcox as EVP and COO, Personal Lines, at Encova

By Hometown Insurance | July 22, 2026
Grange Insurance Names Conte Chief Distribution Officer Grange Insurance, based in Columbus, Ohio, named Krista Conte chief distribution officer. With more than 20 years of industry experience, Conte most recently served as executive vice president of insurance and distribution at …
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Insurer Rewards Can Boost Climate Resilience Spending, Aon Says

By Hometown Insurance | July 22, 2026
Insurers can drive improvements in climate resilience by rewarding companies that invest to protect their businesses, rather than simply penalizing risky assets with higher premiums, according to a senior executive at Aon Plc. “Our role as an intermediary is to …
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OpenAI Models Hacked Another Company’s Systems by Mistake

By Hometown Insurance | July 22, 2026
OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face Inc. in an “unprecedented” incident that prompted fresh calls for curbs on the technology. The ChatGPT-maker said in a blog post Tuesday that the models broke into Hugging Face’s …
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Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property

By Hometown Insurance | July 22, 2026
Second quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property/casualty underwriting income up 18.8% to about $1.9 billion. Pretax net catastrophe losses were $475 million compared …
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Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show

By Hometown Insurance | July 22, 2026
At the height of the Florida property insurance crisis in the early 2020s, one statistic seemed to galvanize the movement for reforming the state’s insurance claims litigation statutes: Floridians had produced about 9% of all homeowners’ claims in the U.S. …
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Google Expands in Miami After Its Billionaire Founders Buy Homes

By Hometown Insurance | July 22, 2026
Alphabet Inc. has more than quadrupled its office space in Miami this year shortly after co-founders Larry Page and Sergey Brin bought homes in the area. Google’s parent company signed a lease this spring to expand to about 45,000 square …
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UK Lawmaker Lucy Rigby Appointed City Minister in Charge of Financial Services

By Hometown Insurance | July 22, 2026
New Prime Minister Andy Burnham appointed Lucy Rigby as Britain’s City Minister on Tuesday, putting her in charge of overseeing the country’s financial services sector. Rigby was in that role under Keir Starmer’s government between September last year and May …
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Insurance M&A Pace Down 15% in First Half 2026: OPTIS

By Hometown Insurance | July 22, 2026
Insurance agency mergers & acquisitions in the first six months of 2026 were down 15% compared with the same period last year. As it did in its first-quarter report, investment banking and financial consulting firm OPTIS Partners said a downward …
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Luxury Homes Are Raising Risks for California FAIR Plan

By Hometown Insurance | July 22, 2026
As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear …
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