Posts by Hometown Insurance

A tornado touched down in Palm Beach Gardens, Florida, on Saturday as a powerful storm system brought intense rain and powerful winds to the state, overturning cars, damaging homes and snapping tree branches. The National Weather Service in Miami said …

WTW, the global advisory, broking and solutions company, announced the global launch of Neuron, a sophisticated digital insurance platform. Neuron uses cutting-edge technology to help underwriters and brokers connect and trade more easily, improving the speed and cost of doing …

Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a Malaysian maritime enforcement agency official said on Tuesday. The Pablo, an Aframax-class crude oil tanker whose insurers are unknown, was …

A Louisiana parish is suing FEMA for withholding flood insurance rating methodology, alleging the agency has denied residents from viewing data used to set rates under the National Flood Insurance Program’s Risk Rating 2.0. St. Charles Parish filed suit in …

Think of them as speed cameras, but for methane. Just like roadside instruments used to identify drivers breaking traffic rules, new powerful satellites are starting to catch oil and gas operators releasing the planet-warming gas into the atmosphere. At least …

The world’s oceans have suddenly spiked much hotter and well above record levels in the last few weeks, with scientists trying to figure out what it means and whether it forecasts a surge in atmospheric warming. Some researchers think the …

Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1 billion in losses by using inside information to sell stock within days of the cryptocurrency platform’s public listing two years …

The Louisiana Department of Insurance (LDI) announced Monday that the second 30-day application period for insurance companies to apply for Insure Louisiana Incentive Program funding is open through May 25. Insurance companies can apply at ldi.la.gov/insurela. Eight companies are already …

Hundreds more Credit Suisse Group AG bondholders sued Switzerland’s banking regulator after their securities valued at about $1.7 billion were wiped out during the lender’s government-brokered takeover by UBS Group AG. Law firm Pallas Partners, which filed the suit in …

In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard & Poor’s said. John Iten, senior analyst and P/C sector …