Posts by Hometown Insurance
Historic Memphis Church a Total Loss After Late Night Fire
A Memphis church known as a rallying spot in the Civil Rights Movement suffered major damage in a fire that broke out early Monday morning. The 130-year-old Clayborn Temple, in downtown Memphis, is considered a total loss, with only the …
Read More Warner Bros Fends Off Superman Copyright Lawsuit Ahead of New Movie
Warner Bros. Discovery convinced a U.S. judge to dismiss a lawsuit over rights to the iconic character Superman, lifting a legal headache before the company releases its new “Superman” movie this summer. U.S. District Judge Jesse Furman in New York …
Read More Progressive Insurance Is Hiring Again; 12,000 More People Needed
Almost a year to the day after Progressive announced it would hire more than 10,000 people to fill claims, IT and legal roles in 2024, the nation’s second largest auto insurer said it now has 12,000 job openings. As was …
Read More Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes
Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755 million during the same period the prior year. The company’s consolidated insurance operations turned in a first quarter combined ratio …
Read More Markets/Coverages: BHSI Updates Private Company Executive Lines Suite in Canada
Berkshire Hathaway Specialty Insurance (BHSI) has introduced an update to its Private Company Executive Lines suite of products in Canada and named Shaun Lue as private company leader. The new modular offering includes expansive directors & officers liability, fiduciary liability …
Read More New Report Shows Rise in Cargo Theft, With Three States Leading the Way
Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making up the bulk of losses, a new report shows. Multimodal hubs in California, Texas, as well as around Chicago, continue to be top targets …
Read More Increased Writings in Homeowners Adds to US Surplus Lines Growth
Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers. According to a report from AM Best, surplus homeowners direct premiums written in 2023 eclipsed $2 billion for the …
Read More Spanish Grid Operator’s First Assessment Rules Out Cyber Attack Behind Blackout
Spanish electricity grid operator REE said on Tuesday its preliminary assessment had ruled out cyberattack as the cause of the nationwide power outage that hit most of Spain and Portugal on Monday. Lights went off in most of the two …
Read More Why Restarting a Power Grid After Massive Collapse Is So Hard
It’s a worst case scenario that grid operators plan for but hope never to encounter. After one of the worst blackouts in Europe in more than a decade, electricity grid operators in Spain and Portugal are trying to get networks …
Read More Indiana Steel Mill Processor Fined $190K for Clean Air Act Violations
The U.S. Environmental Protection Agency announced a settlement for alleged violations of the Clean Air Act with Phoenix Global, a company in Burns Harbor, Indiana, that processes slag from a steel mill. The company paid $190,860 in penalties. Slag is …
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