Posts by Hometown Insurance
EF5 Tornado That killed 3 in North Dakota was Nation’s First in 12 years
A deadly tornado that tore across southeastern North Dakota this summer has been upgraded to an EF5 with winds topping 200 mph (322 kph), the strongest classification of tornado and the first confirmed on American soil in a dozen years, …
Read More Toyota Recalls Nearly 400,000 Vehicles Due to Malfunctioning Rearview Camera
Toyota is recalling nearly 400,000 vehicles because the rearview camera may not display when backing up, increasing the risk of a crash, federal traffic safety regulators said. Included in the recall are 2022-2025 Toyota Tundras and Tundra hybrids and 2023-2025 …
Read More Connecticut Launches Free Online Property Risk Mapping Tool
Connecticut has launched a free online risk mapping tool that allows Connecticut homeowners and businesses to assess their property’s risk from flooding, wildfires, and other perils to better understand their insurance needs. Provided through a public-partnership between the state insurance …
Read More Amwins Adds Credit Insurance With Purchase of Miami-based ARC MGA
Amwins, the specialty insurance broker headquartered in Charlotte, said it has acquired Applied Risk Capital, a Miami-based managing general agent specializing in credit insurance for the leveraged financial market. ARC was founded in 2019 and provides credit insurance plans for …
Read More Cost of Citadel’s Planned Miami Tower Surges to $2.5 Billion
Citadel’s planned office tower in Miami’s Brickell neighborhood — long expected to cost more than $1 billion — will probably be closer to $2.5 billion with construction likely to begin mid-to-late next year, founder and Chief Executive Officer Ken Griffin …
Read More OpenAI, Anthropic Eye Using Investor Funds to Settle AI Copyright Lawsuits, FT Reports
OpenAI and Anthropic are exploring the use of investor funds to settle potential multibillion-dollar lawsuits, the Financial Times reported on Wednesday. Copyright owners have launched a series of high-stakes lawsuits against tech firms, including OpenAI, Microsoft, and Meta Platforms, alleging …
Read More SC Law Enforcement Says No Arson Evidence in Fire That Destroyed Judge’s Home
State agents have so far found no evidence that a fire that destroyed a judge’s home on a South Carolina island was intentionally set, the state’s top law enforcement official said Monday. The Saturday blaze nearly burned to the ground …
Read More Responsible AI Deployment Linked to Better Business Outcomes: EY
As broader adoption of AI technologies continues to accelerate, companies that implement more advanced Responsible AI (RAI) measures are pulling ahead while others stall. According to the second Responsible AI (RAI) Pulse survey from the EY organization, four in five …
Read More People Moves: Acrisure Re Taps Ximenez From Lockton to Lead Newly Formed Brazil Unit; Vantage Risk Promotes Robinson as Chief Risk Officer
This edition of International People Moves details appointments at Acrisure Re in Brazil and the Bermuda-based re/insurer Vantage Risk. A summary of these new hires follows here. Acrisure Re Taps Ximenez From Lockton to Lead Newly Formed Brazil Unit Acrisure …
Read More Specialist Risk Group Launches Int’l Team to Help Clients Access UK/London Capacity
Specialist Risk Group (SRG), the London-based insurance intermediary, announced the formation of a new team in its International pillar, who will work with global clients and brokers to place insurance programs for UK subsidiaries of overseas corporates, providing access to …
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