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Posts by Hometown Insurance

AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers

By Hometown Insurance | February 19, 2026
The Travelers Companies announced the launch of AI Claim Assistant, a fully agentic intelligent voice service to handle customer claim calls. The service, developed using OpenAI model capabilities and APIs, uses advanced language and speech recognition technologies, Travelers said, reporting …
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Fla. Commissioner Offers Major Changes to Citizens’ Commercial Clearinghouse Plan

By Hometown Insurance | February 19, 2026
Just days before a final committee vote on a bill that would establish a clearinghouse for Citizens’ commercial policies, Florida’s insurance commissioner has offered his own rewrite, one that would give regulators more authority over who runs the clearinghouse and …
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Decades-Old Abuse Payouts Squeeze California School and City Budgets

By Hometown Insurance | February 19, 2026
At James Monroe Middle School, located in a remote part of California’s High Desert, posters commemorating teacher appreciation week were hung beside porta-potties. They were the only toilets left for faculty members after the campus’s sewage system collapsed last year. …
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Business Moves: BayPine to Acquire Broker Relation From Aquiline

By Hometown Insurance | February 18, 2026
Private equity firm Aquiline Capital said it has entered into a definitive agreement to sell independent insurance broker Relation to investment firm BayPine. Chicago-based Relation was ranked No. 24 in Insurance Journal’s Top 100 Independent Property/Casualty Agencies report with about …
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Verisk Downplays AI Disruption Fears as Quarterly Profit Beats Estimates

By Hometown Insurance | February 18, 2026
Verisk’s fourth-quarter profit topped Wall Street expectations on Wednesday, with CEO Lee Shavel touting the quality of the firm’s proprietary data sets amid concerns around AI-driven disruption to the information services business model. The data analytics firm, which also provided …
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ITRC: Data-Breach ‘Transparency Is on Life Support’

By Hometown Insurance | February 18, 2026
An annual report for the Identity Theft Resource Center has found that there were a record 3,322 compromises of data in in the United States 2025, but there has been a significant decline in consumer notifications. According to ITRC’s Annual …
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Inszone Acquires Texas’ Scarbrough, Medlin & Associates

By Hometown Insurance | February 18, 2026
Inszone Insurance Services announced its expansion in Texas through the acquisition of Scarbrough, Medlin & Associates, Inc., a Dallas-based agency with more than four decades of experience serving commercial property clients. Scarbrough, Medlin & Associates was founded in 1981 by …
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Specialty Program Group Integrates Anova Marine and Logistiq Insurance Solutions

By Hometown Insurance | February 18, 2026
Specialty Program Group LLC (SPG), an operator of specialty insurance distribution, underwriting, and consulting businesses, announced the acquisition of Logistiq Insurance Solutions and the subsequent integration of Logistiq with Anova Marine Insurance, a firm acquired by Specialty Program Group in …
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Ohio Asphalt Companies to Pay $30M to Settle False Claim Act Allegations

By Hometown Insurance | February 18, 2026
Two asphalt companies have agreed to pay $30 million total to resolve False Claims Act allegations that they submitted fraudulent test results to the Ohio Department of Transportation (ODOT) for federally funded asphalt projects in Ohio. Specifically, Kokosing Materials, Inc. …
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Luxury Steamer Wreck Found in Lake Michigan After 60-Year Quest

By Hometown Insurance | February 18, 2026
Searchers have discovered the wreck of a luxury steamer that sank in a Lake Michigan gale in the late 19th century, completing a quest that began almost 60 years ago. Shipwreck World, a group that works to locate shipwrecks around …
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