Posts by Hometown Insurance

Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to AM Best. “Reinsurers generally have realigned their risk profiles and are in a strong position to generate the …

The New York Knicks sued the Toronto Raptors, claiming a former Knicks employee stole scouting reports and other proprietary information after getting a job offer at the rival National Basketball Association team. The Knicks filed suit Monday against the Raptors, …

Tysers, the London-based insurance broker and subsidiary of AUB Group, announced that CEO Clive Buesnel is stepping down at the end of August. As CEO since June 2020, Buesnel managed the company through its acquisition by AUB, a deal that …

Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. Biden’s roughly $12 billion request would cover the spending year ending …

ELKTON, S.D. (AP) – Two people died when a car was struck by train in South Dakota, an accident that caused the train to derail and crash into a grain elevator. The South Dakota Highway Patrol said the accident that …

Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea. The service could start as soon as early September, though a precise framework …

U.S. auto safety regulators said on Monday that they are investigating whether Ford Motor’s 2022 recall of nearly 49,000 Ford Mustang Mach-E electric vehicles adequately addressed concerns and whether it should be expanded to more vehicles. Ford issued the June …

SentinelOne Inc., a cybersecurity company with a market value of about $5 billion, has been exploring options that could include a sale, according to people familiar with the matter. The Mountain View, California-based company became a takeover target after its …

Hours before a Norfolk Southern train derailed in Ohio and erupted in fire in February, a judge ruled a former railroad employee could proceed with a lawsuit claiming he had been harassed for years by managers who said he reported …

Florida property owners stuck with higher premiums and new flood insurance mandates may want to nudge their local governments to take a look at the town of Cutler Bay and the counties of Monroe, Pinellas and Ocala. Those jurisdictions are …