Posts by Hometown Insurance
China Charges Former AstraZeneca Regional Head With Insurance Fraud
China has officially charged AstraZeneca’s former regional head, Leon Wang, who was detained by authorities in the country more than a year ago in relation to probes into the drugmaker’s business. The company confirmed Wang’s indictment to Reuters on Wednesday, …
Read More The $10 Trillion Fight: Modeling a US-China War Over Taiwan
The island at the center of the artificial intelligence boom—and increasingly the global economy—lies on geological and geopolitical fault lines. Taiwan, the producer of most of the world’s advanced semiconductors, faces intensifying pressure from mainland China and growing uncertainty about …
Read More California Smoke Damage Act Would Enable Wildfire Victims to Expedite Claims
A bill touted as the nation’s first public health and insurance standards to protect families from toxic smoke contamination is making its way through California legislature. California Insurance Commissioner Ricardo Lara and Assemblymember Mike Gipson on Wednesday introduced Assembly Bill …
Read More ‘Structural Shift’ Occurring in California Surplus Lines
The Los Angeles wildfires that kicked off 2025 not only sped up a statewide homeowners insurance market pullback, but they also played a part in an ongoing reshaping of California’s surplus lines market, according to a new report. The state’s …
Read More Fingerprints, Background Checks for Florida Insurance Execs, Directors, Stockholders?
Florida insurance company officers, employees, board members and even stockholders would have to undergo background checks and fingerprinting under a wide-ranging bill approved by a state House panel Wednesday morning. House Bill 1263, sponsored by state Rep. Linda Chaney, R-St. …
Read More Illinois Sees ‘Unprecedented’ Budget Pressure From Trump Cuts
Illinois Governor JB Pritzker’s budget office is warning that the state is facing higher costs and more uncertainty as President Donald Trump’s administration threatens to pull back federal funding. “Over the past year, federal policy changes have altered the federal-state …
Read More Texas’ Equal Parts Raises $23M to Support Acquisition Strategy
Equal Parts, an Austin, Texas-based insurance agency startup, announced it has raised $23M in Series A funding led by Inspired Capital. The investment will accelerate the company’s acquisition strategy and further develop AI tools that extend the reach and impact …
Read More OSHA Fines Nebraska Manufacturer $148K Over Fatal Explosion
The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Horizon Biofuels Inc., a manufacturer of fuel pellets, for willful and serious safety violations after a deadly explosion at the company’s Fremont, Nebraska facility in July 2025. An …
Read More El Paso Airspace Reopened After FAA Rescinds 10-Day Flight Restrictions
The Federal Aviation Administration reopened airspace over El Paso and part of southern New Mexico on Wednesday morning after shutting it down for a few hours overnight amid an announcement there would be no flights for 10 days. The White …
Read More Western Snow Drought Raises Fire and Drought Concerns
Rain and snow are expected to return to the Rockies and the Western U.S. over the next few weeks, but it’s likely to only make a small dent in the snow drought and dry conditions across parts of the West. …
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