Posts by Hometown Insurance

AM Best has affirmed its Performance Assessment of PA-3 (Strong) of First Indemnity Insurance Agency, Inc. of Boston. AM Best said the outlook of the assessment is stable. The ratings firm said its PA-3 assessment of the Massachusetts-based managing general …

The closure of the federal government will curtail or halt some US climate disaster preparedness and environmental programs — and even potentially delay real estate transactions within the nation’s flood zones. That’s because the major source of flood insurance for …

Southern Trust Insurance, a 57-year-old boutique property-casualty insurer with headquarters in Macon, Georgia, has appointed Douglas Jensen president and chief executive officer. Jensen, with more than 30 years in insurance industry leadership roles, will oversee all company operations, including growth …

The Connecticut family of one of the 67 people killed when an airliner collided with an Army helicopter over Washington, D.C., sued the government and the airlines involved last week, saying they didn’t recognize the warning signs after more than …

A commercial truck driver accused of making an illegal U-turn that killed three people on a Florida highway last month waived his first appearance hearing Monday and entered a not guilty plea, court records show. Harjinder Singh, a 28-year-old native …

At least 69 people were killed and more than 100 injured after a 6.9 magnitude earthquake struck central Philippines Tuesday night, flattening buildings, as officials hastened search and rescue efforts. Most of the deaths happened as people were crushed in …

Europe’s biggest weather forecaster is reporting record demand for its data, as energy traders, insurers, shipping lines and tech companies rush to improve the accuracy of their AI models.In 2024, the number of commercial firms buying licenses to access data …

Vietnam’s government said Typhoon Bualoi caused an estimated 8 trillion dong ($303 million) of property damage this week, saying in a preliminary assessment on Wednesday that nearly 170,000 houses were damaged or inundated by flooding. Bualoi made landfall on Monday …

The US labor board has abandoned its allegations that Apple Inc. Chief Executive Officer Tim Cook violated federal labor law, one of many cases where the agency is adopting a more business-friendly approach under President Donald Trump. In a Sept. …

For dealmakers across the world, the third quarter was one of the best and one of the worst in recent history. Megadeals tallied a stunning $1.26 trillion in global mergers and acquisitions during the third quarter – up 40% year …