Posts by Hometown Insurance
EU Officials Propose Guardrails for Insurers Participating in Unfunded SRTs
The European Union is considering strengthening the rules around a riskier form of insurance provided to the banking sector, as part of an upcoming package to broadly ease access to securitized finance. Insurers participating in so-called unfunded significant risk transfers …
Read More WR Berkley CEO Shares Insights on AI Adoption During Q3 Call
W.R. Berkley Corp. Chairman, President and CEO W. Robert Berkley, Jr. chose the third quarter of 2026 to enlighten analysts on the insurer’s journey parallel to society’s breakneck adoption of technological advances and its effect on the economy. “My colleagues …
Read More EC-Council Acquires Cyber Insurance Academy, Expands AI Risk Education
Cybersecurity training and certification organization EC-Council has acquired Cyber Insurance Academy, the credentialing body for the cyber and AI insurance industries Financial terms of the transaction were not disclosed. Cyber Insurance Academy will continue operating under its existing brand and …
Read More Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment
An Alabama insurance agent is in the clear after years of litigation that contended he had failed to secure professional liability coverage for a pharmacy that was sued over a compounded medication error. The reason: Alabama courts, more than some …
Read More California Mailing Company Owner Pays Nearly $2 Million Over Unpaid Wages, Closure
The owner of a West Sacramento printing and bulk mailing company is paying nearly $2 million following litigation over unpaid wages and failure to give employees advance notice before abruptly closing the business in 2016. The California Labor Commissioner’s Office …
Read More Report: Arizona Vehicle Thefts Fall 21%, But Fraud Schemes May Mask Losses
Reported vehicle thefts in Arizona fell 21% through the third quarter from the same period a year ago, but that good news was tempered by the finding that some schemes involving fraudulently obtained vehicles are going uncounted. According to data …
Read More Chubb Q3 Net Income Down Slightly on More Catastrophe Losses
Third quarter 2026 net income at insurer Chubb was up 1.5% compared to the same period in 2025 to about $2.84 billion, with property/casualty underwriting income down 8.8% to about $2.06 billion. Pretax net catastrophe losses were $705 million compared …
Read More Home Insurance Tops Property Taxes in Squeeze for US Households
Home insurance rates have risen so dramatically over the last decade that the average premium now exceeds the average property-tax bill in two-thirds of US counties, according to an analysis published Monday by Bloomberg Intelligence. It points to the role …
Read More French Riots Seen as Insurance Test Before New Regime Kicks In
The damage wrought cross France by the recent street riots will demonstrate the extent of current insurance coverage, just months before a new state-backed system kicks in, according to DBRS Morningstar analysts. “The latest French unrest reinforces a broader trend …
Read More AI Accelerates Cyber Threat Landscape, Poses New Risks for Insurers and Businesses
Industry executives speaking during a recent NetDiligence Cyber Risk Summit in Philadelphia said cyber losses are increasingly driven by operational disruptions, sophisticated fraud schemes, rather than traditional ransomware and data breaches alone. Not to mention, of course, the rapid adoption …
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