Posts by Hometown Insurance

AM Best has revised the outlooks to negative from stable for Allegany Co-op Insurance Co., in Cuba, New York, and Conemaugh Valley Mutual Insurance Co. in Johnstown, Pennsylvania. These companies are collectively referred to as Allegany-Conemaugh Group. At the same …

Companies accused of fueling the U.S. opioid crisis have so far paid out more than $3 billion to compensate states, but has any of the money reached the people who need it? It depends where you live. Yes, if you’re …

President Vladimir Putin said this month that Russia was considering withdrawing from the Black Sea grain deal as he accused the West of cheating Moscow because it still faced obstacles getting its own agricultural goods to world markets. Putin said …

Acrisure LLC, a large, closely-held insurance broker, is interviewing banks to go public next year, people with knowledge of the matter said, in a sign that equity markets may be opening up to new listings from strong companies. Grand Rapids, …

The owners of London’s ExCel conference center on Friday won a court ruling against insurers, including Royal & Sun Alliance, over pandemic-related losses, which its lawyers said could affect hundreds of thousands of policyholders. London International Exhibition Centre Plc took …

Trafigura Group is being sued by the billionaire Reuben brothers, as the fallout of a massive nickel fraud reverberates through global metal markets and ensnares some of the industry’s best-known figures. Legal filings seen by Bloomberg News shed new light …

An Arizona woman has accused former major league pitcher Trevor Bauer of sexual assault, alleging in a lawsuit updated this week that he held a knife at her throat and choked her until she passed out during a rape that …

The weapons supervisor on the film set where Alec Baldwin shot and killed a cinematographer was drinking and smoking marijuana in the evenings during the filming of “Rust,” prosecutors are alleging, saying she was likely hungover when she loaded a …

Farmers Insurance has confirmed it has halted sales of new homeowners policies in Florida. The insurer cited rising costs as the reason. “With catastrophe costs at historically high levels and reconstruction costs continuing to climb, we implemented a pause on …

Amwins Global Risks, the international arm of global specialty insurance broker Amwins, announced the launch of Amwins Amplify, a new automated follow-form facility, led by Beazley’s Smart Tracker Syndicate 5623. Amplify is initially covering property before adding cross-class diversification, with …