Posts by Hometown Insurance
InsuranceDekho Said to Pick Banks for $400 Million India IPO
Indian insurance aggregator InsuranceDekho’s parent has selected HSBC Holdings Plc, Morgan Stanley, ICICI Securities Ltd. and IIFL Capital Services Ltd. as advisers to a potential initial public offering, according to people familiar with the matter. The offer from Girnar Insurance …
Read More UPS Never Required Detailed Inspection of Part That Failed in Louisville Crash
UPS never required the detailed inspections needed to spot the problem that led to an engine to fly off one of its planes before it crashed even after Boeing recommended it years earlier, according to new documents posted Wednesday by …
Read More CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’
Thanks to a strengthening El Nino, the rest of the Atlantic hurricane season will be well below normal, said researchers at Colorado State University. In a July 8 update to its forecast, CSU said the 2026 hurricane season will have …
Read More Q&A With NYC Mayor and Officials on Structurally Compromised Midtown Building
The following is an unedited transcript provided by New York City of a July 7, 2026 press conference with Mayor Zohran Kwame Mamdani, Fire Commissioner Lillian Bonsignore, Fire Department Chief John Esposito, and Buildings Commissioner Ahmed Tigani concerning the unstable …
Read More Some War Insurers Advise Shipowners to Pause Hormuz Voyages After Attacks: Sources
Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the U.S., insurance industry sources said …
Read More AM Best Revises Outlook to Stable for Brotherhood Mutual
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Brotherhood Mutual Insurance Company …
Read More Wisconsin Residents Affected by April Storms Eligible for FEMA Aid
Wisconsin residents affected by the April storms that brought severe flooding and tornadoes to the state can apply for FEMA aid. Affected individuals in Bayfield, Brown, Buffalo, Jackson, Jefferson, Juneau, Kenosha, Manitowoc, Marathon, Milwaukee, Outagamie, Racine, Rock, Sauk, Vernon, Washington, …
Read More NYC to Publicly Identify Buildings Testing Positive for Legionnaires’ Bacteria
New York City is taking the unprecedented step of publicly identifying buildings on the Upper East Side where cooling towers test positive for the bacteria causing Legionnaires’ disease. Buildings with positive initial tests are also being ordered to immediately drain, …
Read More Changes in Policy Language, Provisions Suppressing Claim Volume, Report Shows
U.S. claim volume fell 8.9% from last year, with total claims dipping 13.1% below the five-year average, despite several large catastrophe events, said a new report. Changes in policy language and policy provisions are a big factor in suppressing the …
Read More Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar
Ciara Billie was about to step into the shower of her newly built townhome on the Hollywood Seminole Reservation in South Florida when her ceiling began to crumble and an air-conditioning vent crashed down on her toilet. For months, Billie …
Read More