Posts by Hometown Insurance
North Dakota House Tests Hemp as Construction Material
The two small houses are going up on the back half of a lot just off a busy street, not far from downtown Fargo. “These homes are identical in blueprint, they’re 13 by 23, with 12 foot ceilings, there’s a …
Read More Lemonade Records Another Q2 Loss, Changes Pace For Profitability
Insurtech Lemonade said it booked a second quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year, but in a letter to shareholders the company said returns will soon eclipse …
Read More Hilb Group Acquires Transportation Agency Lighthouse in Massachusetts
The Hilb Group reports that is has acquired Massachusetts-based Lighthouse Insurance Agency, further building on the company’s presence throughout New England. Based in Dorchester, Massachusetts, Lighthouse specializes in personal and commercial insurance for transportation risks with a focus on livery …
Read More Flash Flooding Closed Roads in Death Valley National Park
Heavy rainfall triggered flash flooding that closed several roads in Death Valley National Park near the California-Nevada line. The National Weather Service reported shortly after noon that all park roads had been closed after 1 to 2 inches of rain …
Read More Florida’s Heritage, UPC Report Losses, Changes for Q2; No Word on UPC Sale
Two major Florida P&C insurers have announced second-quarter financial results. The news is a mixed bag, and was not unexpected. In an earnings call Monday, executives with publicly traded United Insurance Holdings Corp., parent of United Property & Casualty Insurance, …
Read More 2 New Mexico Counties Were Added to Wildfire Disaster Declaration
Two more New Mexico counties were added to a federal disaster declaration issued in response to the state’s historic wildfire season. State officials said that Los Alamos and Sandoval counties will now be eligible for grant funding through the Federal …
Read More Mitsui Sumitomo Insurance to Buy Reinsurance Broker Transverse for $400 Million
Mitsui Sumitomo Insurance Company, a subsidiary of Japan’s MS&AD Insurance Group Holdings, will spend about $400 million to buy U.S. reinsurance broker Transverse, the Nikkei business daily reported on Sunday. The Japanese property insurer aims to gain know-how of the …
Read More Global Indemnity Agrees to Sell American Reliable Unit to Everett Cash Mutual
Global Indemnity Group said it agreed to sell subsidiary American Reliable Insurance Company (ARIC) to Everett Cash Mutual Insurance Co. (ECM), and it completed the disposition of ARIC’s farm, ranch and equine book of renewal business to ECM. Global Indemnity …
Read More Massachusetts Police Sued Over Wrongful Arrest Deny Racial Profiling Claim
A Massachusetts police department whose officers are accused of wrongfully arresting a Black man while pursuing a white suspect said Friday that an outside investigation found no evidence of racial profiling. The town manager for Arlington, a Boston suburb, and …
Read More Pipeline Agrees to Pollution Remediation, Watersheds Restoration in Pennsylvania
The developer of a major pipeline system that connects the Marcellus Shale gas field in western Pennsylvania to an export terminal near Philadelphia pleaded no contest Friday to criminal charges that it systematically polluted waterways and residential water wells across …
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