Posts by Hometown Insurance

Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer. The Apollo Global Management-owned insurer sold 13.25 million shares at $30 apiece, compared with its targeted range …

U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology. Key questions remain unanswered: Will it work? …

Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Typhaine Beaupérin as client leader, Risk Management, Europe, effective end of June 2025. Based in Brussels, Beaupérin will …

MIAMI (AP) — A South Florida jury has awarded $3 million to a man who was severely injured by a defective airbag in a 2020 crash. Miami-Dade jurors reached a verdict for Jose Hernandez on Thursday, according to court records. …

CFC, the London-based managing general agent and cyber specialist, announced the launch of its new simplified intellectual property (IP) product. Sector agnostic and designed for all sizes of companies from start-ups and to those with a turnover of up to …

The family of a U.S. airman who was shot by a Florida sheriff’s deputy inside his own home sued the deputy, the sheriff and the owner of the airman’s apartment complex on Tuesday, saying they want to ensure people are …

Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer by market capitalization said in a statement that rate …

Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal finishes his term on …

Two teenage basketball players, a coach and a trainer from the Tulsa, Oklahoma, area who were on their way back from a tournament were among eight people killed in a fiery head-on highway crash in eastern Kansas. Authorities said the …

Recent actions by President Donald Trump’s administration, including staff cuts at the Food and Drug Administration, have raised questions among consumers about food safety in the United States. Here is an explanation of how food safety inspection works in the …