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Posts by Hometown Insurance

People Moves: NCDOI Names Price Deputy Commissioner Over Company Services

By Hometown Insurance | May 6, 2026
North Carolina’s insurance commissioner has named a financial analysis veteran to the role of senior deputy commissioner, overseeing the Company Services Group at the Department of Insurance. Jessica Price has led financial analysis at NCDOI for 15 years, and before …
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People Moves: Brotherhood Mutual Announces Leadership Promotions & Transition; Assurex Global’s Johnson Named SVP, Global Growth Strategy

By Hometown Insurance | May 6, 2026
Brotherhood Mutual Announces Leadership Promotions & Transition Brotherhood Mutual Insurance Company, headquartered in Fort Wayne, Indiana, made several changes to its executive team. Scott Figgins assumes a new role as senior vice president – integration officer. He previously served as …
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Allianz Commercial Transitions its Standalone Cyber Business to MGA Coalition

By Hometown Insurance | May 6, 2026
Allianz Commercial announced an agreement which transitions its standalone commercial cyber insurance business to Coalition, the managing general agent and specialist cyber insurer. The agreement establishes Coalition as Allianz’s exclusive global partner for cyber insurance across all commercial segments, combining …
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Texas Mutual Board Approves $300M Dividend Distribution

By Hometown Insurance | May 6, 2026
Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced that its board of directors has approved a $300 million general dividend distribution for 2026. This marks the 28th consecutive year Texas Mutual has paid a general …
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Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices

By Hometown Insurance | May 6, 2026
Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced this week that it has gone out of business after 34 years. The ultralow cost airline that once operated hundreds of daily …
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Fire Destroys Lab Building on University of South Florida Campus

By Hometown Insurance | May 6, 2026
Firefighters worked through the night to extinguish a blaze at a laboratory on the University of South Florida campus in St. Petersburg and officials said Sunday that the building could be a total loss. The fire Saturday night prompted evacuations …
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Business Moves: Howden Acquires Cyber Analytics Firm Cybeta

By Hometown Insurance | May 6, 2026
Howden announced it has acquired the intellectual property assets of Cybeta, LLC, a cyber data and analytics provider. Terms of the deal were not disclosed. Howden said the acquisition enables the brokerage to provide clients with faster, more precise insight …
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Florida’s Baldwin Group Brokerage Sees Small Q1 Loss After Busy Merger Year

By Hometown Insurance | May 6, 2026
One quarter after Tampa-headquartered The Baldwin Group purchased CAC Group brokerage and reported a $26 million net loss, the brokerage posted just a $1.9 million loss for Q1 2026. On a per-share basis, Baldwin saw net income of 2 cents. …
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Pacific Hurricane Season Brings Higher Risk of Impacts for Hawaii, SoCal, Mexico

By Hometown Insurance | May 6, 2026
Exceptionally warm waters and a developing El Niño will increase the risk of direct hurricane impacts in Hawaii, Southern California and parts of Mexico this year, according to an AccuWeather analysis out on Wednesday. The forecast shows the Eastern and …
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SEC Rule to End Biden-Era Climate Policy Sent to White House

By Hometown Insurance | May 6, 2026
The White House is reviewing a proposal from the Securities and Exchange Commission to formally end Biden-era climate disclosure rules for publicly-traded companies. The regulator sent the measure to the White House’s Office of Management and Budget for review on …
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