Posts by Hometown Insurance

War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday. The incidents are the …

Ending on Nov. 30, the 2023 Atlantic hurricane season saw 20 named storms, ranking fourth for the most-named storms in a year since 1950, the National Oceanic and Atmospheric Administration (NOAA) said. Seven storms were hurricanes and three intensified to …

Roughly one-third of U.S. government spending to insure the nation’s crops since 2011 has gone to insurance companies that derive more than $1 billion in profit from the program each year, according to a government watchdog’s report released on Monday. …

The legal and financial troubles for former insurance executive and international businessman Greg Lindberg, now awaiting a second trial on charges that he tried to bribe a state insurance commissioner, has spread far beyond North Carolina and has continued to …

PCF Insurance Services, headquartered in Lehi, Utah, named current CFO & COO Felix Morgan as CEO. Peter C. Foy is transitioning from founder, chairman and CEO to founder and chairman. Morgan has over 20 years of leadership experience and previously …

With Bayer facing investor pressure to resolve thousands of lawsuits over its Roundup weedkiller after being hit with $2 billion in verdicts in recent weeks, all eyes are on a trial wrapping up in Philadelphia. Plaintiffs have won the last …

The Texas Windstorm Insurance Association (TWIA) Board of Directors will meet next week to consider the association’s 2024 budget. The meeting, which will be held at the Corpus Christi Omni Hotel on Dec. 12 at 9:00 a.m., will also include …

Ryan Specialty appointed Thomas Nash as president of CorRisk Solutions, the wholesale distribution professional liability managing general underwriter, a part of Ryan Specialty Underwriting Managers. CorRisk is headquartered in Atlanta, Ga. Nash previously served as president of Kelly Underwriting Services, …

A federal jury in Illinois ordered $17.7 million in damages – an amount tripled to more than $53 million under federal law – to several food manufacturing companies who had sued major egg producers over a conspiracy to limit the …

NEW ORLEANS (AP) – A federal judge has thrown out a lawsuit that accused a south Louisiana parish of using land use policies to guide industries that pollute into communities with majority-Black populations. U.S. District Judge Carl Barbier of the …