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Posts by Hometown Insurance

Cogitate Powers Bridge Specialty Group’s New Personal Lines Digital Marketplace

By Hometown Insurance | April 28, 2026
Bridge Specialty Group has started a personal lines digital marketplace built on insurance technology provider Cogitate’s DigitalEdge platform. The digital platform is designed to streamline agent quoting, enhance underwriting efficiency, and support scalable expansion of carrier access. As one of …
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Japan-Linked Tanker Carrying Saudi Oil Crosses Strait of Hormuz

By Hometown Insurance | April 28, 2026
Panama-flagged tanker Idemitsu Maru, carrying 2 million barrels of Saudi oil, crossed the Strait of Hormuz, LSEG shipping data showed on Tuesday, becoming the first Japan-linked crude tanker to do so since the Iran war began. Before the U.S.-Iran conflict …
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North Carolina Settles on 10% Dwelling Insurance Rate Increase Over 2 Years

By Hometown Insurance | April 28, 2026
North Carolina’s insurance commissioner has negotiated a 10% increase in average rates for dwelling insurance, for rental and non-owner-occupied properties, over the next two years. The North Carolina Rate Bureau, representing property insurers, last fall had filed for a 68% …
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Marsh Risk Unveils AI-Powered Risk Companion Suite

By Hometown Insurance | April 28, 2026
Marsh Risk, a business of Marsh, announced the launch of Risk Companion, the next iteration of its digital solutions suite designed to help clients effectively and efficiently manage unique risks. Risk Companion is enabled by an AI-powered analytics engine that …
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Simulations Predict Ground Motion for Earthquakes on Bay Area’s Hayward Fault

By Hometown Insurance | April 28, 2026
NEWSWISE — The Hayward fault, part of the larger San Andreas fault system, runs 74 miles through the East Bay of the San Francisco Bay Area. The fault is overdue for an earthquake that could cause extensive damage to such …
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Most US Companies Seen Sticking With Quarterly Reporting

By Hometown Insurance | April 28, 2026
Quarterly earnings reporting may soon become optional for U.S. firms—yet the vast majority of companies are unlikely to take advantage of lighter requirements as it could hurt valuations, investors and market participants say. A plan to move from quarterly to …
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Renewables in Vogue as Iran War Drives Up Europe Power Prices

By Hometown Insurance | April 28, 2026
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield. Swelled by winter rains and snowmelt, and …
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Viewpoint: Insurance’s Data Problem Comes Into Focus at Hormuz

By Hometown Insurance | April 28, 2026
Executive Summary: Rapidly shifting war-risk conditions are exposing structural weaknesses in delegated authority underwriting, according to Alex Babin, CEO of Hercules Systems, who notes that many underwriters still rely on delayed, inconsistent bordereaux data. While AI is accelerating data extraction, …
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People Moves: WTW Names Lipkin Chief AI Officer, Wintrob Head of AI Acceleration; ReSource Pro Appoints Fu SVP of Data Strategy

By Hometown Insurance | April 28, 2026
WTW appointed Spike Lipkin as chief AI officer and Gordon Wintrob as head of AI acceleration. These new enterprise appointments will scale Newfront’s AI-native approach and innovative capabilities across WTW. Working in close partnership with WTW’s technology function and businesses, …
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Report: Cargo Theft Down for Quarter, But Criminals Are Getting More Savvy

By Hometown Insurance | April 28, 2026
A new report shows 767 supply chain crime events across the U.S. and Canada in the first quarter of the year, down 5.3% from the same period a year ago and down 12.2% the fourth quarter of 2025. However, a …
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