Posts by Hometown Insurance

Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private reinsurance costs. But a trade group for carriers suggested that a federal remedy could create more problems. “Federal solutions to …

U.S. lawmakers have urged the Securities and Exchange Commission (SEC) to review its cyber security preparedness after the financial regulator’s X account posted market material information earlier in the week due to a hack. Someone briefly accessed its X, formerly …

Alabama authorities last week charged a city councilman with insurance fraud, alleging that he falsely claimed he had purchased a BMW vehicle. Derrick Griffin, a councilman in Prichard, next to Mobile, was indicted by a grand jury in December. He …

Stakeholders have continued to react to a recent Florida Office of Insurance Regulation report on the property insurance market, a report that underscored the impact that excessive claims litigation had on insurers but which also noted that some key data …

A record high tide in Maine washed away three historic fishing shacks that had stood since the 1800s and formed the backdrop of countless photographs. Michelle Erskine said she was visiting fisherman’s point at Willard Beach in South Portland on …

Tyler Banks joined Alliant Insurance Services as executive vice president, Alliant Private Client. Banks previously served as North America practice leader, president and CEO, personal lines at WTW. Alliant is based in Irvine, Calif.,

Connecticut is receiving emergency federal aid following severe flooding this month that caused dam breaches and road closures. President Joe Biden on Saturday approved an emergency declaration for the state that authorizes the Department of Homeland Security, the Federal Emergency …

Philadelphia police say a former high-ranking commander fired after he was charged with sexual assault will be reinstated following an arbitrator’s ruling in the wake of the dismissal of the cases against him. Carl Holmes “will return to his previous …

The Republican-led U.S. House of Representatives on Friday voted to repeal a federal labor board rule set to take effect in February that would treat companies as the employers of many contract and franchise workers and require them to bargain …

Ukraine is discussing military risk insurance for air transportation with insurance broker Marsh and consulting firm Oliver Wyman, Ukraine’s National Security and Defense Council said on Friday. Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February …