Posts by Hometown Insurance

With takeouts continuing at a steady pace and more carriers working the Florida property insurance market, state regulators saw fit to more than triple the size of Citizens’ Property Insurance Corp. recent rate decrease request. The Florida Office of Insurance …

Bona fide expertise in Florida property insurance law is inching closer to reality, with new rules and new education initiatives. The Florida Bar’s Board of Governors in September approved proposed rules for a certification in insurance coverage law, and a …

Insurica, one of the largest U.S. brokerages, announced it has acquired Florida-based First Light Program Managers, a wholesale brokerage and delegated underwriter specializing in trucking and marine coverage. The acquisition, effective this month, is the largest in the 67-year history …

New York City said it’s suing a food-delivery technology provider for withholding pay from workers, signaling Mayor Zohran Mamdani’s get-tough approach to regulating app-based work. Motoclick violated delivery worker laws by failing to pay the required minimum rate and by …

American International Group (AIG) announced a strategic partnership with global private markets firm CVC. The partnership, announced Jan. 19, includes the establishment of large-scale separately managed accounts (SMAs) across CVC’s credit strategies, for which AIG will allocate up to $2 …

Zurich Insurance Group AG has gone public with a £7.67 billion ($10.3 billion) bid to buy Beazley Plc, increasing pressure on the UK-listed company it’s been wooing for more than 12 months. The Swiss insurer offered to buy London-based Beazley …

Toscafund Asset Management and other minority shareholders of Caravela Seguros are exploring a sale of the Portuguese insurer, according to people familiar with the matter. London-based Toscafund, which owns a 48% stake in Caravela, has hired Mediobanca to advise on …

Just as European companies were getting used to last year’s hard-won U.S. trade tariff deals, President Donald Trump has put them back in his crosshairs with an explosive threat to place levies on nations that oppose his planned takeover of …

Chilean President Gabriel Boric declared a state of catastrophe in two southern regions of the country where raging wildfires have killed at least 15 people and forced tens of thousands to evacuate. Ante los graves incendios en curso he decidido …

South Africa declared a national disaster after severe weather conditions led to deadly floods across parts of the country. Heavy rainfall, strong winds, lightning and flooding have resulted in loss of life, significant damage to infrastructure and property, environmental degradation …