Posts by Hometown Insurance

Florida’s property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the arena. Tampa-based HCI Group’s CEO Paresh Patel said in an earnings call …

The fast-moving fire that ripped through Maui’s historic town of Lahaina killed more than 90 people, making it the deadliest US wildfire in more than a century. The cause of the blaze is still under investigation, but power equipment in …

Clorox Co. has taken some of its information technology systems offline after identifying “unauthorized activity” in its computer networks that has disrupted some business operations. The incident is expected to continue to affect some parts of the business operations, the …

In the fast-paced and ever-changing world of insurance, staying up-to-date with industry trends, regulations, and best practices is paramount. For insurance professionals serving the transportation industry, this is even more crucial due to the sector’s unique challenges and complexities. That’s …

Auto insurance shopping rates rose 12% year-over-year in the second quarter of 2023, according to a new TransUnion report. While vehicle sales played a role in the increase, TransUnion said in a press release that the search for lower insurance …

The derailment that blocked the Gotthard tunnel in Switzerland last week was caused by a broken wheel on the freight train, according to investigators. The Swiss Accident Investigation Service said its investigators had found pieces of the train’s wheel at …

Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft. With criminals now often targeting high-value vehicles – particularly “keyless” models – Chubb S5 Vehicle Tracker and Chubb S5 Vehicle Tracker …

Executive summary: Climate change, caused by human activity, is already leading to an increase in the frequency and severity of hot extremes, including heatwaves. While it is difficult to ascribe any given event to climate change, Moody’s RMS says, extreme …

China has been hit by devastating floods in recent weeks, inundating cities and causing deaths and infrastructural damage, as well as raising questions about the effectiveness of its 2015 “sponge city” initiative aimed at reducing urban flood risks. The initiative …

Australia’s weather bureau said on Tuesday the El Niño weather event, associated with hotter, drier weather, was likely to hit during the southern hemisphere spring, between September and November. El Niño, characterized by elevated sea surface temperatures in the eastern …