Posts by Hometown Insurance
Allstate Doubles Q4 Net Income While Auto Underwriting Income Triples
Allstate Corp. fourth quarter 2025 net income applicable to common shareholders was about $3.8 billion, double the $1.9 billion booked for the same quarter the prior year. Allstate’s Property-Liability business turned in a Q4 combined ratio 14 points better than …
Read More Nike Facing Probe Over Alleged Discrimination Against White Workers
The U.S. agency that enforces laws banning workplace discrimination said in a court filing on Wednesday it is investigating Nike for allegedly discriminating against white people through its diversity policies. The Equal Employment Opportunity Commission said in the filing that …
Read More Singapore Urges Global Cooperation to Tackle Shadow Fleet Ships
Singapore is urging for international cooperation to curb shadow fleet vessels operating just beyond its territorial waters, as scrutiny intensifies on ships used to evade sanctions. “Singapore fully implements United Nations Security Council resolutions and does not condone illegal or …
Read More Chlorofluorocarbon Replacements Cause Vast ‘Forever Chemical’ Pollution: Research
When the phaseout of ozone-destroying chlorofluorocarbons (CFCs) was first agreed in 1987, the world narrowly avoided an environmental catastrophe. However, the replacement of CFCs is causing the pollution of the Earth’s surface with a “forever chemical” that could remain in …
Read More Safety, State Involvement Should Be Central to AV Regulation, Says Trades
Industry trade associations side with caution to ensure regulations promote safety as autonomous vehicles (AVs) share the road with traditional automobiles. The National Association of Mutual Insurance Companies and the American Property Casualty Association each submitted statements to the Senate …
Read More What Analysts Are Saying About the 2026 P/C Insurance Market
Following in the footsteps of groundhog Punxsutawney Phil, analysts from Fitch Ratings and Morningstar weighed in with these P/C insurance market forecasts in the past week: “Fitch Ratings expects the U.S. property/casualty market to continue softening in 2026, with increased …
Read More Viewpoint: Underwriting at an Inflection Point – The AI Advantage
The U.S. commercial insurance market is demonstrating clear signs of rate fatigue and an overall softening. Since 2017, the industry has experienced increased loss pressures from climate events, social inflation in legal judgments, and loss inflation from economic, political, and …
Read More Florida Senate President Says No Major Insurance Changes This Year. Committee Advances 5 ‘Minor’ Ones
Three weeks into the 2026 Florida legislative session, with bill deadlines approaching, Florida Senate President Ben Albritton said Wednesday that he expects no major changes to Florida’s property insurance laws this year. The reason: Landmark legislation passed in 2022 and …
Read More Immunity Upheld for State Officials Over COVID-Related Nursing Home Deaths
The Third Circuit Court of Appeals has dismissed a proposed class action against New Jersey government officials on behalf of families of nursing home residents who died early in the COVID-19 pandemic. Approximately 10,000 elderly residents of New Jersey nursing …
Read More Governor ‘Not Convinced’ California Wants to Take Over PG&E
California Gov. Gavin Newsom said he doesn’t see the state having the appetite to take over PG&E Corp., which has come under criticism recently for blackouts that hit San Francisco. “I’m not convinced” the state wants to get into the …
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