Posts by Hometown Insurance

Berkshire Hathaway said Jan. 6 that it raised the salary of new Chief Executive Greg Abel to $25 million, far exceeding the $100,000 annual salary that his predecessor Warren Buffett accepted for more than four decades. Abel, 63, became chief …

Germania Insurance announced the placement of its first catastrophe bond, issued through Handshake ReLtd., as part of the company’s broader reinsurance and capital management strategy. The transaction became effective Jan. 1, 2026. The catastrophe bond provides $100 million of per …

The MEMIC Group announced the successful closing of its acquisition of The Dakota Group, including Risk Administration Services, Inc. and its affiliated service companies. The strategic combination positions MEMIC as the third-largest multi-state workers’ compensation specialist in the United States, …

A bill that promises legislative reform in California to speed up disaster recovery for homeowners and renters through improved insurance coverage and expanded consumer protections was introduced on the anniversary of the Los Angeles wildfires. The Disaster Recovery Reform Act, …

The U.S. seized an empty Russian-flagged, Venezuela-linked oil tanker in the Atlantic Ocean on Wednesday as part of President Donald Trump’s aggressive push to dictate oil flows in the Americas and force Venezuela’s socialist government to become an ally. After …

The plea was desperate: Help! Lorena Brown gasped for air on Sept. 12, 2022, turning blue, at the SKLD Muskegon nursing home. Her roommate called for help from a nurse. The response: “Mind your own business.” Using a washcloth, the …

Texas Insurance Commissioner Cassie Brown is retiring on Feb. 2 after more than four years overseeing the Texas Department of Insurance. Appointed by the governor, the Texas insurance commissioner oversees the regulation of the $293 billion Texas insurance market, the …

The new year may mark the last time Texas farmer LG Raun plants a rice crop. “I guess I’m going to be the one that’s going to screw up the tradition of growing Raun family rice,” said the third-generation producer, …

The Baldwin Group, formerly Baldwin Risk Partners and based in Tampa, has named new leadership for its insurance advisory solutions section that handles retail property-casualty and benefits brokerage. Publicly traded Baldwin, which just closed a merger with CAC Group, announced …

Three Atlanta-based firms have merged, expanding insurance and financial services for small and medium-sized businesses, with growth plans for 2026. Partners Risk Services, an independent insurance brokerage in property/casualty, benefits and life products and formerly known as BWT Risk Advisors, …