Posts by Hometown Insurance
Gold Body Accused of Enabling Deaths at Tanzanian Gold Mine
The London Bullion Market Association’s certification program served as a “thick smokescreen” that enabled serious abuses at a Tanzanian gold mine where two men died, lawyers alleged at the start of a London trial that could threaten its existence. The …
Read More Uninsurable Future: Managing the Climate-Change-Fueled Home Insurance Crisis
On January 7 2025, an ill wind began to blow down the mountain canyons north of Los Angeles. Upland forests and shrubs were already bone dry thanks to a delayed start to the winter rainy season, so the arrival of …
Read More Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida
If Isaias turns into a hurricane and hits the Florida Panhandle on Friday, as forecast, a population of more than 1.4 million lies in its path. The number of those that are insured property owners is less than clear. Market …
Read More Insurance Executive Killed His Wife, Daughter, Then Himself, NJ Township Police Say
A New Jersey title insurance executive shot his wife and daughter and then shot himself, according to local police and prosecutors. Montgomery Township police discovered the double homicide and suicide when responding to a call to check on the occupants …
Read More US Oil Producers Ramp Down Gulf Output 25% on Storm Isaias
Offshore oil and gas producers have begun shutting in wells and evacuating personnel from rigs and platforms near the US Gulf Coast in preparation for the region’s first Atlantic hurricane of the season, arriving by Saturday. Tropical Storm Isaias is …
Read More People Moves: Severino Joins Alliant’s Midwest Benefits Team; Doubtless Names Wiley as Regional President for North America
Jeff Severino has joined Alliant Insurance Services as vice president within its employee benefits group on the Alliant Affinity team. Based in Kansas City, Severino will work with clients nationwide to design and develop tailored programs, drawing on a broad …
Read More AM Best Withdraws Credit Ratings of Hartland Mutual
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Hartland Mutual Insurance Company (Hartland) (Minot, ND). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best …
Read More FTC, USDA Seek Comment on Farm Equipment Market Practices
he Federal Trade Commission and the US Department of Agriculture launched an inquiry into the agricultural equipment market, including potential anticompetitive conduct. The public inquiry, announced Wednesday, seeks to address a “growing number of complaints” from farmers that they “face …
Read More Sanlam’s $1.2 Billion Bid for Santam Would Give More Freedom to Deploy Capital
Sanlam Ltd.’s $1.2 billion bid to take full ownership of Santam Ltd. will give Africa’s top insurer more freedom to deploy capital across the continent, India and the Lloyd’s of London market, the latest step in an expansion that will …
Read More Markets/Coverages: Aviva to Enter US Specialty Market in Q4
Starting this quarter, Aviva said it is entering the U.S. specialty market with Aviva Specialty, which will begin underwriting commercial property. Aviva Specialty will serve open-market brokerage, and partnering with leading program administrators. As a wholly owned surplus carrier, Aviva …
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