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Posts by Hometown Insurance

Fitch Warns of Rising Mortgage-Bond Risk Due to Extreme Weather

By Hometown Insurance | June 10, 2025
For analysts at Fitch Ratings, the recent demolition of a Swiss village by a glacier is fresh proof that climate change is altering the laws of mortgage risk. The world looked on in shock last month as 3 million cubic …
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Financier Lex Greensill Decries ‘Code of Silence’ Around SoftBank Deals

By Hometown Insurance | June 10, 2025
Financier Lex Greensill said there was a “code of silence” around a series of transactions with SoftBank Group Corp. to keep potential losses hidden, in his first public court appearance since the high-profile collapse of his firm. Greensill is giving …
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Unison Risk Advisors Acquires Boutique Hatcher Insurance Agency in Orlando

By Hometown Insurance | June 10, 2025
The Orlando-based boutique agency and brokerage Hatcher Insurance is now part of Unison Risk Advisors, Unison announced this week. Hatcher, founded almost 80 years ago, offers property and liability insurance, surety bonding, employee benefits and personal insurance services. Industry veterans …
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Waymo Halts LA Service After Cars Destroyed During Protests

By Hometown Insurance | June 9, 2025
Waymo has suspended service of its ride-hailing service in downtown Los Angeles after its vehicles were set on fire during protests against immigration raids in the area. Waymo doesn’t believe the protests are related to the company specifically, according to …
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Insurance Companies Urged to Respond to TDI Data Call by July 11

By Hometown Insurance | June 9, 2025
The Texas Department of Insurance (TDI) said it has issued a data call to Insurance companies writing personal automobile and residential property policies to gather information for the HelpInsure.com website. TDI said in a commissioner’s bulletin that HelpInsure is a …
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Report Reveals Delay in Deploying Specialized Plane in Ohio Train Derailment

By Hometown Insurance | June 9, 2025
A specialized plane equipped with advanced sensors that the government deploys to chemical disasters could have helped authorities avoid needlessly blowing open five rail tank cars and burning their toxic contents after the disastrous 2023 East Palestine train derailment, a …
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McDonald’s Keeps ‘Core’ Inclusion Programs Despite DEI Backlash

By Hometown Insurance | June 9, 2025
McDonald’s Corp. said it’s sticking to its most important inclusion initiatives, even as the Trump administration and conservative activists attack diversity, equity and inclusion practices. McDonald’s earlier this year retired “aspirational representation goals” for its workforce and a diversity pledge …
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EPA Reaches $1.1M Settlement With Illinois Chemical Solutions Company

By Hometown Insurance | June 9, 2025
The U.S. Environmental Protection Agency announced a settlement with chemicals solutions company Stepan Co. of Northbrook, Illinois, for allegedly distributing or selling a misbranded pesticide in violation of the Federal Insecticide, Fungicide, and Rodenticide Act. Stepan will pay a $1,126,404 …
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Louisiana Police Officer Who Fatally Shot a Puppy Will Face a Jury Lawsuit Trial

By Hometown Insurance | June 9, 2025
A New Orleans police officer who shot and killed a puppy while responding to a call is set to go to trial Monday in a federal lawsuit filed by the dog’s owners. The Catahoula Leopard dog ran up to Officer …
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AM Best: US P/C Industry Records $1.1B Underwriting Loss for Q1

By Hometown Insurance | June 9, 2025
Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss of the U.S. P/C industry. According to industry rating agency AM Best, the January …
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