Posts by Hometown Insurance

Cover Genius, the insurtech for embedded insurance, said on July 15 it raised $100 million in capital, backed by Vista Credit Partners, a subsidiary of Vista Equity Partners. The raise ups the business to a $1.9 billion valuation, said Cover …

Second quarter 2026 net income at Progressive Corp. increased 4% compared to the same period a year ago to about $3.3 billion. Progressive reports results monthly. Net income for June was down 31% to about $779 million. The Mayfield Village, …

Florida regulators are considering three rule changes, one on how market-conduct examinations are triggered, one on an expanded claims-dispute mediation system, and one that would require certain quarterly reports even when the insurer has not engaged in the type of …

The New Jersey Supreme Court has ruled unanimously that insurance brokers, producers, and agents are not exempt from liability under the state’s Consumer Fraud Act (CFA). The court found that “extending the learned professional exception to insurance brokers would unduly …

PG&E Corp. warned that power shutoffs will be required on Wednesday and Thursday in three California counties as dry conditions and gusty winds increase fire risks. PG&E is taking steps to preemptively shut off electricity to homes and businesses in …

A coalition of public health organizations, pediatricians and parents sued the U.S. Food and Drug Administration on July 14, challenging a new policy that allow some manufacturers to sell vapes and nicotine without the legally required license. The lawsuit, filed …

The UK has lagged behind many of its insurance market competitors in that it does not have a not have a tailored regime to allow the formation of captive insurers, which has led many corporations to establish their captives overseas, …

NFP, an Aon company and leading property and casualty (P&C) broker and benefits consultant, today announced the acquisition of Total Benefits Advisors, a Cleveland, Ohio-based advisory firm specializing in retirement services and employee benefits solutions for business owners and wealth …

Holmes Murphy announced that Jay Reavis has been named President of Holmes Murphy and HMA Group Holdings. This appointment reflects the company’s ongoing commitment to the power of its independence, leadership development, thoughtful succession planning, and positioning the organization for …

W.R. Berkley Corp., one of the largest commercial lines writers, has named Paul Stock president of its subsidiary, Carolina Casualty, a provider of coverage products for the transportation industry. Stock has been divisional president at Carolina Casualty since May 2025. …