Posts by Hometown Insurance

Steve Menzies, chairman of Applied Underwriters, announced the formation of Applied Entertainment & Sports, a new division of the company that will consolidate existing business and add substantial new business in an innovative and aggressively postured entertainment and sports unit …

Insureds cannot recover damages from the insurance company if they failed to comply with the policy and allow the insurer to make the needed repairs, a Florida appeals court decided Wednesday. Florida’s 3rd District Court of Appeal upheld without comment …

Written premium for 2021 was 1.4% below that for 2020 and is the lowest since 2012, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California issued its quarterly report on written premium, which declined sharply beginning in …

Florida’s insurance commissioner announced today that his office has found an “unprecedented solution” to the pending property insurer rating crisis – let Citizens Property Insurance Corp. provide a level of reinsurance to companies in case they are downgraded, at least …

Charter Communications was hit with a combined $7.37 billion verdict – including $7 billion meant to punish the company – for systemic safety failures that led to the robbery and stabbing death of an 83-year-old woman by a cable repairman …

3M Co. put its Aearo Technologies unit into bankruptcy in a bid to resolve more than 230,000 lawsuits brought mainly by US military veterans over allegedly faulty combat earplugs. The conglomerate has already spent nearly $350 million defending the sprawling …

In what Corvus said is a first for a U.S.-based insurtech, the managing general agent has opened an office in continental Europe. This Boston-based company’s new office will be in Frankfurt, Germany. “Frankfurt is located within the largest insurance market …

Record rainfall caused widespread flash flooding across the St. Louis area early Tuesday, closing multiple roadways and prompting rescues from vehicles and homes. There were no immediate reports of injuries, but damage was widespread after a massive downpour dropped more …

U.S. Rep. Charlie Crist, the Democratic frontrunner for governor of Florida, this week sharply criticized incumbent Gov. Ron DeSantis for failing to solve the state’s property insurance crisis. “Ron DeSantis has been the worst governor in Florida history on property …

More than a year and half after the Haines landslides, organizations, both local and out-of-state, are still helping to repair damage from the dozens of landslides that occurred around the borough. That recovery work has evolved over time, said members …