Posts by Hometown Insurance
Yet Another HO Insurer, Viceroy, Approved for Florida Market, Regulators Say
Yet another property insurance carrier has been approved to do business in Florida, this one a sister company to Monarch National Insurance, based in Tallahassee. Viceroy Preferred Insurance Co. is at least the 15th new insurer to enter the Florida …
Read More Oregon Division of Financial Regulation Earns NAIC Accreditation
The Oregon Division of Financial Regulation (DFR) recently received its five-year accreditation from the National Association of Insurance Commissioners (NAIC). The purpose of NAIC accreditation is to ensure that state insurance departments meet baseline standards of solvency regulation, particularly with …
Read More Markets/Coverages: Arden’s Parametric Wildfire Risk Program Backed by SiriusPoint
Brokers in western states take note: there is new help for wildfire risks. Specialty re/insurer SiriusPoint Ltd. is offering capacity to managing general underwriter Arden Insurance Services LLC for a wildfire exposed risks program that includes embedded parametric coverage. Arden’s …
Read More How Hurricanes, Fires and Floods Put Drugs and Medical Supplies at Risk
When Hurricane Helene barreled across several southern states last fall, it destroyed homes and killed more than 150 people. The storm also took out one of the country’s main factories producing intravenous fluid bags widely used in hospitals. The ensuing …
Read More Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins
Health officials are working to alert hundreds of people in dozens of states and several countries who may have been exposed to rabies in bat-infested cabins in Wyoming’s Grand Teton National Park over the past few months. As of Friday, …
Read More Honeycomb Launches in Minnesota
Honeycomb Insurance, a digital MGA specializing in property and casualty coverage for landlords and condominium associations, announced that it has begun writing policies in Minnesota, with plans to expand into four additional states over the upcoming months. Honeycomb said it …
Read More Entergy to Build Three Gas Plants for Meta’s Biggest Data Center
Louisiana regulators approved Entergy Corp.’s plan to build three natural gas plants to power Meta Platform Inc.’s biggest data center. Meta’s latest and largest data center is a 4 million–square–foot complex in rural Louisiana intended to support the company’s most …
Read More Texas Is Warning Health Providers to Stop Mailing Abortion Pills to State
Texas officials are warning health care providers to stop sending abortion pills into the state or risk fines and prosecution, as Attorney General Ken Paxton seeks to halt the flow of medicine that’s circumventing local restrictions. Prosecutors wrote to three …
Read More Trump $464 Million NY Civil Fraud Penalty Vacated on Appeal
A New York appeals court struck down a $464 million fraud fine against President Donald Trump and his company, handing him a victory over the state’s attorney general. In a decision issued Thursday, the Manhattan appellate court still found that …
Read More Green Shield Risk Solutions Launches Guardian Elite Home in California, Colorado
Green Shield Risk Solutions, a managing general agent, has announced the launch of its flagship homeowners program, Guardian Elite Home. The program was created exclusively for wildfire-prone regions of Colorado and California. Designed for affluent clients, Guardian Elite Home provides …
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