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Posts by Hometown Insurance

Panel Passes Bill to Curb Vacation Rentals, Boost Housing Supply After Lahaina Wildfire

By Hometown Insurance | July 29, 2025
Lawmakers on Maui passed legislation aimed at eliminating a large percentage of the Hawaiian island’s vacation rentals to address a housing shortage exacerbated by the wildfire that destroyed most of Lahaina two years ago. It’s the latest action by a …
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City’s Insurer to Pay $550K for Police Twice Wrongfully Arresting, Jailing Man

By Hometown Insurance | July 29, 2025
A Rhode Island city’s insurer will pay $550,000 to settle the case of a resident who was twice wrongfully arrested and jailed for a crime he did not commit. The American Civil Liberties Union (ACLU) announced the city of Woonsocket …
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Gunman Kills Several People Including Police Officer at Blackstone’s NYC Tower

By Hometown Insurance | July 28, 2025
An armed shooter attacked 345 Park Ave. in Manhattan, the tower housing Blackstone Inc.’s global headquarters and the National Football League among others, killing at least five people, according to a city official. The suspected shooter is dead, three officials …
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The Hartford Net Income Up 35% on Premium Growth

By Hometown Insurance | July 28, 2025
Net income at The Hartford increased 35% to $990 million in the second quarter 2025 as personal lines returned to profitability compared to the same period a year ago. Q2 property/casualty written premiums increased 8% compared to Q2 2024. Premiums …
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Searing Heat Threatens Grids, Health Over Nearly Half the US

By Hometown Insurance | July 28, 2025
Nearly half the US will wilt under hot, sticky conditions through the bulk of the week as temperatures and humidity soar from Chicago to New York City and New Orleans, boosting power demand and raising health risks. Heat advisories and …
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Volante Global Taps Smith From Guy Carpenter as Group CEO, Succeeding Reith

By Hometown Insurance | July 28, 2025
Volante Global, a multi-class, multi-territory international Lloyd’s syndicate and managing general agent (MGA) owned by leading global fintech Acrisure, announced the appointment of Demian Smith to the role of chief executive officer, Volante Global. Smith has enjoyed a longstanding and …
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Polish Insurer PZU Eyes Seed Funding Role for Big Polish Projects

By Hometown Insurance | July 28, 2025
Polish insurer PZU SA envisages playing a key role in attracting financing for the country’s big-ticket energy and infrastructure projects after it completes a merger with Bank Pekao SA. Chief Executive Officer Andrzej Klesyk said he wants to channel some …
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UK Hybrid Fronting Insurer Bridgehaven to Acquire Dublin Insurer SureStone

By Hometown Insurance | July 28, 2025
Bridgehaven Europe Holdings Ltd., the UK hybrid fronting insurer in commercial and specialty lines, has entered into an agreement to acquire the Dublin-based insurer, SureStone Insurance DAC. The deal, for an undisclosed fee, is subject to regulatory approval and customary …
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Michigan Mobile Parks Remain Behind on Safe Drinking Water

By Hometown Insurance | July 28, 2025
After the Flint water crisis, Michigan became a national leader on safe drinking water, requiring the removal of lead pipes and the reduction of harmful “forever chemicals” years before the federal government acted. But the state has a blind spot …
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New York Court Blocks Suit Against Social Media Giants Over Buffalo Racial Massacre

By Hometown Insurance | July 28, 2025
Social media companies cannot be sued for their alleged roles in a racially-motivated mass shooting at a grocery store in Buffalo in 2022, according to a New York court that said to allow the lawsuit would “result in the end …
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