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Posts by Hometown Insurance

China’s Ping An Sold Stake in Country Garden, Has No Plans to Buy the Troubled Firm

By Hometown Insurance | November 8, 2023
Ping An Insurance (Group) Co. doesn’t hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, the company disclosed in a Shanghai Stock Exchange filing on Wednesday. The insurer said it hasn’t …
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Gallagher to Buy Evans Bank Insurance Operations in Western New York for $40 Million

By Hometown Insurance | November 8, 2023
Western New York’s Evans Bancorp, Inc. has agreed to sell its insurance agency operation, The Evans Agency, to global insurance broker Arthur J. Gallagher & Co. for $40 million. The net gain on sale, on an after-tax basis, is expected …
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Greenlight Re Names TransRe’s Richardson as CEO to Succeed Burton

By Hometown Insurance | November 8, 2023
Greenlight Capital Re Ltd., the Cayman Islands-based multiline property/casualty insurer and reinsurer, announced that Simon Burton, the company’s chief executive officer intends to step down, effective Dec. 31, 2023. He will be succeeded as CEO and a member of the …
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Devastated California Town Struggles to Rebuild Amid High Home Insurance Costs

By Hometown Insurance | November 8, 2023
Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise. After the fire, she got divorced, which left her with only half …
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‘Black Panther’ Stuntman Mourned After Georgia Crash that Killed Him and Children

By Hometown Insurance | November 8, 2023
The stuntman in “Black Panther” and “Avengers” movies was remembered by loved ones after he and three of his children were killed in a car crash last week in Georgia. Atlanta TV station WSB, the New York Times and others …
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Local Governments in West Virginia Will Soon See Opioid Settlement Money

By Hometown Insurance | November 8, 2023
CHARLESTON, W.Va. (AP) — Local governments in West Virginia will start seeing opioid settlement money by the year`s end, the board in charge of distributing the lion’s share of around $1 billion in funds announced Monday. Around $73.5 million will …
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Liberty Brokers Acquires Massabni Insurance in Maryland

By Hometown Insurance | November 8, 2023
The Liberty Company Insurance Brokers continues its growth with the acquisition of Massabni Insurance & Financial, a veteran and family-owned agency in Hyattsville, Maryland. The deal was made in partnership with Liberty Boudreau Insurance Services of Owings, Maryland. Massabni Insurance …
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Baltimore Officers’ Fatal Shooting of Armed Man Under Investigation

By Hometown Insurance | November 8, 2023
The Maryland attorney general is investigating a fatal officer-involved shooting that occurred in Baltimore on the afternoon. of November 7 According to the state, officers with the Baltimore police department fatally shot an armed man in 2600 block of Wilkens …
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Before and After: Managing Through the Cycle of a Cyber Attack

By Hometown Insurance | November 8, 2023
In such a fast-changing cyber risk landscape, experts say preparation is key, and one element that can help with that is cyber insurance. “Cyber insurance is such a critical tool when you think about having a policy and having an …
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Indiana Woman Arrested After Driving Car Into Building She Thought Was `Israel School`

By Hometown Insurance | November 8, 2023
INDIANAPOLIS (AP) – A woman who allegedly drove her car into a building in Indianapolis after watching coverage of the Israel-Hamas war told officers she believed the building was an “Israel school,” according to police and court records. One adult …
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