Posts by Hometown Insurance

Specialty broker CAC Specialty and Cobbs Allen, a P/C and employee benefits broker, today announced the completion of their merger. The transaction creates a fully integrated specialty platform with the scale, resources and talent to serve a broad array of …

District of Columbia Attorney General Karl A. Racine, in one of his last steps before leaving office, announced that Google will pay $9.5 million to resolve allegations that it deceived and manipulated consumers to gain access to their location data, …

Specialist Risk Group (SRG), the London-headquartered broker, announced the acquisition of Fleet and Commercial, subject to regulatory approval. The deal enhances SRG’s existing commercial motor capability and is a continuation of its growth strategy. Financial details of the deal were …

A suspected gas explosion a few hours into the new year demolished two Philadelphia row homes and damaged others, sending several people to the hospital, authorities said. Fire department officials said the blast occurred shortly before 3 a.m. Sunday in …

Fidelis Insurance Holdings Ltd. (FIHL) announced the completion of the transaction creating a new managing general underwriter (Fidelis MGU), separate from FIHL and the existing insurance companies (the Fidelis Insurance Group). Originally announced in July 2022, the transaction became effective …

Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering services. The new business unit will provide a full spectrum …

From growing ransomware attacks to navigating a remote work environment to regulatory developments to a challenging insurance landscape, 2022 proved to be a newsworthy year for the ever changing cyber industry. Insurance Journal covered some of the major breaches of …

Atlanta-based physician insurer MagMutual Insurance Co reports it has .has completed its acquisition of MDAdvantage Insurance Co. of New Jersey. The deal received final corporate approval and regulatory approval by the New Jersey Department of Banking and Insurance in December. …

Europe has broken temperature records already this year, with cities from Berlin to Warsaw recording their warmest ever start to the month. Temperatures in the German capital reached 16C (60.8F) on New Year’s Day, a January record, national forecaster Deutscher …

Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors have called an “epic” fraud. He entered his plea in …