Posts by Hometown Insurance
Insured Losses From Hurricane Melissa Could Reach $4.2 Billion, Verisk Estimates
Insured losses from Hurricane Melissa’s strike on Jamaica are expected to range between $2.2 billion and $4.2 billion, according to estimates from data analytics firm Verisk. The Category 5 hurricane made landfall in southwestern Jamaica last week, the Caribbean nation’s …
Read More Vietnam Flood Deaths Rise as New Storm Tracks Toward Coast
The death toll in Vietnam from last week’s record-breaking downpours has climbed to 37 as another powerful storm bears down on the country’s coast and floodwaters rise again in some tourism hubs. The national weather agency warned that river levels …
Read More Two New Suspects Handed Preliminary Charges in Louvre Jewels Heist: Prosecutor Says
The Paris prosecutor said Saturday two new suspects were handed preliminary charges for their alleged involvement in the crown jewels heist at the Louvre museum, three days after they were arrested by police as part of the sweeping investigation. Laure …
Read More Markets/Coverages: AXA XL Offers Cyber Solution for Europe, APAC Construction Firms
AXA XL announced the launch of a new cyber solution designed to provide construction firms in Europe, Asia and Australia with enhanced protection against the rapidly evolving landscape of cyber threats. Available by endorsement to AXA XL’s cyber insurance coverage, …
Read More People Moves: H.W. Kaufman Group Promotes 16 Across Executive and North American Teams; Howden US Names Dallal EVP, Financial Lines
H.W. Kaufman Group Makes Promotions Across Executive and North American Teams H.W. Kaufman Group, headquartered in Farmington Hills, Michigan, promoted 16 members of its executive and North American teams to new roles. The announcement follows the 2025 Kaufman Leadership Meeting …
Read More Jamaica Catastrophe Bond Has Now Triggered, Government Says
Jamaica’s catastrophe bond has now triggered as a result of the fallout from Hurricane Melissa, the government said. “Over the next few weeks we’ll get more details into what the payout is,” Dana Morris Dixon, minister of education, skills, youth …
Read More A Toy Maker Takes His Case Against Trump’s Tariffs to the Supreme Court
Within days of Donald Trump announcing his sweeping “Liberation Day” tariffs in April, Rick Woldenberg was looking for a law firm to help him sue the U.S. president. “I’m not willing to allow politicians to destroy what we have built …
Read More Buffett’s Berkshire Cash Hits $382 Billion, Earnings Soar
Berkshire Hathaway Inc.’s cash pile soared to $381.7 billion in the third quarter, a fresh record, and operating earnings surged 34% at Chief Executive Officer Warren Buffett’s conglomerate. That figure hit $13.5 billion, as the firm’s insurance underwriting profit more …
Read More Black Vultures Spreading North, Attacking and Killing Cattle
Allan Bryant scans the sky as he watches over a minutes-old calf huddled under a tree line with its mother. After a few failed tries, the calf stands on wobbly legs for the first time, looking to nurse. Above, a …
Read More Melissa Jamaica Damage Seen Costing Insurers Up to $3 Billion
The wreckage caused by Hurricane Melissa in Jamaica is expected to cost insurers $1 billion to $3 billion, according to property intelligence company Cotality. The insured losses are a fraction of the total property damage, which Cotality estimates at $2 …
Read More