Posts by Hometown Insurance

Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to the trade. Lloyd’s also said it …

Iowa will pay $10 million to the siblings of an adopted 16-year-old girl who weighed just 56 pounds (25 kilograms) when she died of starvation in 2017, according to a state board that approved the settlement Monday. Sabrina Ray was …

Marsh McLennan appoints Potter US and Canada Chief Commercial Officer Marsh McLennan, headquartered in New York, N.Y., appointed Susan Potter as U.S. and Canada commercial officer. Based in Washington, D.C., Potter brings more than 25 years of commercial and public …

The U.S. Federal Aviation Administration (FAA) said on Monday it would hold runway safety meetings at 16 additional airports in the coming weeks after a series of troubling close-call aviation incidents. In August, the FAA said it was holding meetings …

Following two years of high but stable loss activity, 2023 has seen a “worrying resurgence” in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial writes in a new report. The business insurance company’s analysis …

It’s rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has never happened in Florida, industry experts say. But that may be what is about to …

SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned coastal insurer, in partnership with SageSure, a large managing general underwriters focused on catastrophe-exposed markets, has announced its expansion to the South Carolina commercial property market with its business owners policy (BOP) offering. …

LTC Performance Strategies Inc. in Southern California has been acquired by IMA Financial Group. Following the acquisition, LTC’s leadership will join IMA. LTC will become LTC, an IMA company and will maintain its headquarters in Valencia, California. LTC will complement …

The Nevada Supreme Court has pushed back to Jan. 10 the date for oral arguments in a contract interference and conspiracy lawsuit filed against the NFL by former Las Vegas Raiders coach Jon Gruden. Postponement of the hearing, originally scheduled …

Self-driving car companies could face criminal action in the UK if their vehicles fail to meet safety standards in the most serious cases. New legislation, introduced in today’s speech by King Charles III, who arrived at parliament in a horse-drawn …