Posts by Hometown Insurance
Fire Destroys Jamie Wyeth Paintings, Damages Historic Buildings, in Maine
A fire destroyed several waterfront buildings in Maine, including an art gallery with several paintings by Jamie Wyeth and an illustration by his grandfather, N.C. Wyeth., the building`s owner said Friday. The original paintings and illustration, along with several signed …
Read More Baltimore Archdiocese Files for Bankruptcy As State Ends Shield Against Old Claims
The Archdiocese of Baltimore announced Friday it filed for Chapter 11 bankruptcy reorganization days before a new state law goes into effect removing the statute of limitations on child sex abuse claims and allowing victims to sue their abusers decades …
Read More Washington Asks Insurers to Expedite Approval Process for Debris Removal After Wildfires
Washington Insurance Commissioner Mike Kreidler sent a letter asking insurance companies and adjusters working with communities impacted by the Gray and Oregon Road fires to expedite the approval process for debris removal. Speeding up the process will help assure people …
Read More AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital
AXIS Capital Holdings Ltd., together with its direct and indirect subsidiaries and branches, announced that it has partnered with Stone Point Credit Adviser LLC to launch Monarch Point Re, a newly created collateralized reinsurer. The launch was accompanied by a …
Read More Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums
When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget earlier this year, Texas Comptroller …
Read More Keystone Adds Oklahoma’s Ascent to Growing Agency Network
Keystone, the participant-owned insurance agency network, has added Ascent Insurance Group (formerly LBV Insurance) based in Edmond, Oklahoma to its growing network of agencies. Ascent is a boutique style commercial lines insurance brokerage specializing in workers’ compensation and commercial insurance. …
Read More Invasive Spotted Lanternflies Found in Illinois, Threatening Crops and Native Tree
SPRINGFIELD, Ill. (AP) – Illinois is the latest state to find invasive spotted lanternflies, a winged insect that`s spreading across the eastern U.S. and is subject to squish-on-sight requests in New York and elsewhere. First detected in the U.S. nearly …
Read More Ohio Adopts Four International Building Codes
The state of Ohio has adopted four of the 2021 International Codes including the 2021 editions of the International Building Code, the International Mechanical Code, the International Plumbing Code and the International Existing Building Code. The decision comes after careful …
Read More AM Best Downgrades Credit Ratings of Michigan’s Wolverine
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb” (Good) of Wolverine Mutual Insurance Company, based in Dowagiac, Michigan. The outlook of these Credit …
Read More Agents, Insureds Said Surprised by Nationwide’s 10,000 Nonrenewals in NC
In February, Nationwide Mutual Insurance filed notice with the North Carolina Department of Insurance that it would non-renew some 10,525 homeowner policies in the state due in large part to the growing risk from climate change and hurricanes. The move …
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