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Posts by Hometown Insurance

Markets/Coverages: MS Amlin Launches Consortium to Boost Property Treaty Capacity

By Hometown Insurance | May 7, 2026
MS Amlin, the Lloyd’s re/insurer, has launched a consortium to boost property treaty capacity for all property per-risk lines. This additional capacity is expected to be particularly relevant for global data centers, where demand for higher limits continues to grow, …
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Illinois Manufacturing Company to Pay $625K Settlement Over No-Poach Agreements

By Hometown Insurance | May 7, 2026
Illinois Attorney General Kwame Raoul announced a settlement with Vee Pak LLC, doing business as Voyant Beauty (Vee Pak) that resolves allegations the manufacturing company entered into no-poach agreements with several temporary staffing agencies. The settlement requires Vee Pak to …
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Texas Sees Surge in Gas Projects as Data Centers Drive Shift in Power Generation

By Hometown Insurance | May 7, 2026
A decade ago, wind power was surging in popularity and attracting huge investments that made Texas a national leader in renewable energy. But today, gas generation is making a big comeback, driven by a wave of data centers flooding into …
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HCI Group Reports $85M in Profit for Q1, with Premium Growth for Most Subsidiaries

By Hometown Insurance | May 7, 2026
Tampa-based HCI Group, now in its 20th year and its 18th year as a publicly traded company, reported a healthy profit for the first quarter of 2026 and significant growth in premium across most of its property-casualty insurance firms. “HCI …
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A Quieter Hurricane Season This Year Could Still Pummel the US Power Grid

By Hometown Insurance | May 7, 2026
Meteorologists are forecasting about 13 named Atlantic storms this season, or a little less activity than average. That sounds like good news for the US power grid and everyone who relies on it. But a look back at recent years …
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Reporting Shows Georgia Officials Knew Carpet Mills Polluted Local Water

By Hometown Insurance | May 7, 2026
Starting in the 1970s, the textile mills of northwest Georgia relied on chemicals known as PFAS to add stain resistance to the carpets they manufactured. Some of the chemicals that didn’t stick were flushed with the multibillion-dollar industry’s wastewater into …
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Long-Time Insurance Regulator and Leader Eric Cioppa Passes Away in Maine

By Hometown Insurance | May 7, 2026
Eric Cioppa, a respected former national and Maine insurance regulatory leader, passed away from Multiple System Atrophy on May 1 at his home in China, Maine. Cioppa’s career included 33 years at the Maine Bureau of Insurance. He began in …
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Root Inc. Opens 2026 With Best Quarterly Net Income Ever at Nearly $36M

By Hometown Insurance | May 7, 2026
Root Inc. reported a first quarter 2026 net income of $35.9 million—the best quarterly result in the company’s history—compared with net income of $18.4 million for the same period in 2025. In a letter to shareholders, Root Inc, the parent …
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Sandy Hook School Safety Program Draws 400K Anonymous Tips, Teaches Red Flags

By Hometown Insurance | May 7, 2026
Less than two years after her 6-year-old son was killed at Sandy Hook Elementary School in 2012, Nicole Hockley was in an Ohio church basement teaching the first class of a program she hoped would help prevent future school shootings. …
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Thieves Are Stealing Chile’s Solar Panels and Cashing In on the Black Market

By Hometown Insurance | May 7, 2026
Just before midnight, two men in white coveralls and black gloves scale an electric fence at a solar farm in Chile’s Atacama Desert, then slip soundlessly into rows of sleek panels. Others use a poultry shear and electric angle grinder …
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