Posts by Hometown Insurance

Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of 2022. According to a special …

Thunderstorms and heavy rain pounded parts of northwest Georgia over the Labor Day weekend, sparking flash flooding in some areas. Local news reports showed roads under water and homeowners struggling to keep water out, even as more storms moved in …

Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz Global Corporate & Specialty, Coalition will distribute its products via …

A motel and its employees have no duty to prevent a guest’s suicide even when family members warn that the guest is a suicide risk. A Massachusetts Court of Appeals has ruled that while innkeepers may have an affirmative duty …

Inside Amsterdam’s Rijksmuseum, Rembrandt’s masterpiece The Night Watch appears to be hanging straight, as do other famous works by Vermeer and Van Gogh. While standing outside the gargantuan red-brick building, however, eagle-eyed engineers noticed the museum was sinking 15 centimeters …

At a 131-year-old maritime academy along Buzzards Bay in Massachusetts, people who will build the nation’s first commercial-scale offshore wind farm are learning the skills to stay safe while working around turbines at sea. Some take to the tasks fairly …

Global reinsurers’ capital levels dropped by 11% in the first half of 2022 to $647 billion, hurt by market declines, though higher interest rates helped their liability positions, broker Gallagher Re said on Tuesday. Reinsurers, who insure the insurers, have …

Commissioner Vicki Schmidt names new Director of Government and Public Affairs Kansas Insurance Commissioner Vicki Schmidt has named Eric Turek as the new Director of Government and Public Affairs for the Kansas Insurance Department. Turek joins the Department after serving …

Liz Truss becomes Britain’s prime minister on Tuesday after a campaign in which she promised to “really unshackle” the City of London by making the most of Brexit in the 164-billion-pound ($192 billion) financial sector. WHAT’S HER PLAN? A stronger …

Fire has always been a peril for shipping, but the advent of lithium-ion batteries has elevated the risk to the point that it now is the most expensive cause of loss for the industry, according to a new bulletin issued …