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Posts by Hometown Insurance

NYC Begins 10 Days of Flying Taxis With Manhattan-JFK Flights

By Hometown Insurance | April 27, 2026
Joby Aviation Inc. is planning to fly electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise pollution. The demonstration flights will be New …
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Europe’s Markets Watchdog Warns Cyber Threats Are Growing as AI Speeds Up Risks

By Hometown Insurance | April 27, 2026
The chief of Europe’s securities regulator said the risks from and potential speed of cyberattacks are growing, joining a chorus of warnings from financial supervisors on the threats posed by artificial intelligence models that are evolving quickly. Geopolitical tensions have …
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General Atlantic-Backed Indian Insurer Acko Eyes Up to $2.5B Valuation in IPO: Sources

By Hometown Insurance | April 27, 2026
India’s Acko Insurance is targeting a valuation of between $2 billion and $2.5 billion in its planned initial public offering and is eyeing a listing in early 2027, two people familiar with the matter said. Backed by investors including General …
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Michigan Cleared in Lawsuit Over 2020 Dam Collapse

By Hometown Insurance | April 27, 2026
The state of Michigan was cleared of liability Thursday in a disastrous 2020 dam failure that flooded communities, destroyed more than 100 homes and drained a popular lake. Court of Claims Judge James Redford acknowledged the “real and lasting damages” …
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NFL’s Rooney Rule Meets Biggest Challenge in Trump’s DEI Crackdown

By Hometown Insurance | April 27, 2026
The most-recognizable diversity policy in sports is facing the biggest challenge in its history. Florida Attorney General James Uthmeier, who has been endorsed by President Donald Trump, is calling for the end of the National Football League’s Rooney Rule, a …
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Commercial Lines Rates Continue to Soften, Says Ivans Index

By Hometown Insurance | April 27, 2026
Premium renewal rates in the first quarter 2026 decreased for all major commercial lines compared to the fourth quarter 2025, according to the Ivans Index. “Q1 sets an important baseline for 2026, with commercial rates continuing to soften as the …
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Trend of Fewer Insurance M&A Deals ‘Bottoming Out’: OPTIS

By Hometown Insurance | April 27, 2026
Insurance agency mergers & acquisitions in the first three months of 2026 were down 6% compared with the same period last year. It was the 10th consecutive quarter of deal volume below the long-term trend line but, investment banking and …
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South Carolina Senate Votes to Suspend $1M Liquor Liability Insurance Requirement

By Hometown Insurance | April 27, 2026
Eight years after South Carolina lawmakers forced a $1 million liquor liability insurance requirement on bars and restaurants, and one year after they tweaked the law with conditional coverage requirements, the state Senate is trying again. Senators voted last week …
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Former Ransomware Negotiator Pleads Guilty to Aiding Attackers

By Hometown Insurance | April 27, 2026
A former ransomware negotiator has pleaded guilty to charges he helped a ransomware group extort tens of millions of dollars from companies. Angelo Martino, 41, of Land O’Lakes, Florida, worked for a cyber incident response company as a ransomware negotiator …
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Tornado Tears Through Oklahoma Town, Damaging 40 Homes

By Hometown Insurance | April 27, 2026
Raeann Hunt scrambled to her cellar as a tornado bore down on her Oklahoma community. “It is headed right for us,” she recalled thinking, as she peeked outside, unable to contain her curiosity. Huddled inside the dark 8-by-8 foot (2.44-by-2.44 …
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