Posts by Hometown Insurance

Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A startup technology company on Thursday launched a new global flood-risk data service that its founders say will help narrow this …

The Golden Globes carpet typically glitters with crystal-studded gowns in pastel hues, but it looked different in January 2018: The ballgowns were black, and the night’s key accessory was a pin that read “Time’s Up.” Onstage, Oprah Winfrey brought guests …

Jackson’s troubled water system could get a new set of owners under legislation advanced Tuesday by Republican lawmakers in Mississippi. The bill would transfer ownership to a new public entity overseen by a nine-member board, the majority of which would …

More Alabama counties are now eligible for federal help after last week’s storms and tornadoes. Emergency Management Agency Director Ernie Baggott said Federal Emergency Management Agency assistance in the designated disaster area will be extended beyond Autauga and Dallas counties …

State officials have secured another eastern Kentucky site with higher ground to build new homes for flooding victims. The 50-acre site is just a few miles from downtown Hazard, and the first-phase plan includes 150 new homes, Gov. Andy Beshear …

Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132 billion, according to Aon. Roughly 42% of economic losses were covered by public and private insurance entities, which translates into …

Miller, the London-based independent specialist re/insurance broker, announced the strategic re-alignment of its business into two divisions, Miller UK and Miller International, as the firm continues to build out its presence both in the UK and internationally. Miller International will …

PASADENA, Texas (AP) – A powerful storm system took aim at the Gulf Coast on Tuesday, spawning a tornado that downed utility poles and power lines, overturned vehicles and ripped roofs off homes and businesses in communities east of Houston. …

Embedded insurance – a concept in which insurance is wrapped into the purchase of a product at the point of sale – could exceed $70 billion in premium by 2030, according a new report by Conning. This is on par …

Shareholders can sue McDonald Corp’s former global chief people officer for the damage they claim he caused to the restaurant chain by allegedly allowing a culture of sexual harassment to flourish, according to a groundbreaking legal ruling. The decision marks …