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Posts by Hometown Insurance

Howden Gets Regulatory Nod to Launch Reinsurance Unit in Kingdom of Saudi Arabia

By Hometown Insurance | June 25, 2025
Howden, the London-based insurance intermediary group, announced it has received regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia. The new business will be led by Motaz Bukhari, who has been appointed chief executive officer of …
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AXA Launches Unified Ceded Re Team for Greater Operational Alignment

By Hometown Insurance | June 25, 2025
AXA announced an organizational restructuring that integrates the AXA Group and AXA XL Ceded Reinsurance teams to create a unified Ceded Re team, effective July 1, 2025. The unified Ceded Re team will operate under the leadership of Guy Van …
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College Team Physicians Wary of Greater Liability Risk With Athletes Making Money

By Hometown Insurance | June 25, 2025
The professionalization of college sports has prompted concern among team physicians that they will be exposed to a greater risk of being sued by athletes who claim a poor outcome from treatment caused them to lose future earnings. Before July …
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US Declares Power Emergency in Southeast on Heat Wave

By Hometown Insurance | June 25, 2025
The Trump administration has declared a power emergency in the US Southeast as a blistering heat wave strains grids across the country. The emergency order by the Energy Department allows Duke Energy Corp. to exceed certain air pollution limits and …
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Louisiana Attorney General Sues CVS for Deceptive Practices

By Hometown Insurance | June 25, 2025
Louisiana Attorney General Liz Murrill said on Tuesday she had filed three separate lawsuits against CVS CVS.N for unfair, deceptive and unlawful practices “that have harmed Louisiana patients, independent pharmacies, and the public at large.” The state is seeking both …
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People Moves: Storey Named President of Irwin Siegel

By Hometown Insurance | June 25, 2025
Ryan Specialty, headquartered in Chicago, Illinois, appointed Brad Storey to president of Irwin Siegel Agency (ISA), the social service industry focused managing general underwriter which is a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty. ISA is …
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Oregon Governor Signs Bill Providing Unemployment Pay for Striking Workers

By Hometown Insurance | June 25, 2025
Democratic Oregon Gov. Tina Kotek on Tuesday signed into law a bill that provides unemployment benefits to striking workers, following neighboring Washington state in adopting measures spurred by recent walkouts by Boeing factory workers, hospital nurses and teachers in the …
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New England Electric Grid Under Precautionary Alert

By Hometown Insurance | June 25, 2025
The electric grid for Boston and the surrounding region operated under a precautionary alert on Tuesday as the surplus of power was expected to narrow to a razor-thin margin amid soaring temperatures. ISO New England, the electric grid operator for …
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Homes With Toxic Smoke Damage Deepen Insurance Nightmare in LA

By Hometown Insurance | June 25, 2025
Months after fire tore through Los Angeles’ Pacific Palisades neighborhood, homeowners are struggling to get reimbursed — not for houses reduced to rubble, but for the damage of smoke and toxins in the properties that remain. For residents such as …
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First Tropical Storm of 2025 Season Weakens in Atlantic

By Hometown Insurance | June 25, 2025
Tropical Storm Andrea, the first tropical storm of the Atlantic hurricane season, was forecast to dissipate by Wednesday after forming at sea Tuesday, the National Hurricane Center said. The tropical storm was far from land in the middle of the …
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