Posts by Hometown Insurance
Insurtech Root Swings to Q2 Profit on Growth in Partnership Channel
Root Inc. swung to second quarter net income of $22 million versus a loss of $7.8 million a year ago during the same time. Results build off net income of $18.2 million for Q1 2025, reversing a loss of $6.2 …
Read More Texas Embraces Second-Life EV Battery Innovation for Grid Stability
East of San Antonio in Bexar County, 500 electric vehicle batteries at the end of their automotive lives will soon be repurposed to provide energy storage for Texas’ electric grid, a California company, B2U Storage Solutions, announced last week. The …
Read More California Wildfire Has Burned 96K Acres and Now Threatens 1,500 Structures
A wildfire burning in two counties, now the biggest fire in California this year, is threatening more than 1,500 structures and has burned more than 96,000 acres. The Gifford Fire burning in San Luis Obispo and Santa Barbara started on …
Read More Human Responses: Did Jurors React to Musk in Damage Award Against Tesla?
During a webinar this week devoted to analyzing possible factors that fueled a $243 million jury verdict against Tesla, a lawyer not involved in the case fielded a question about Elon Musk’s impact. Did animus toward Tesla’s CEO affect the …
Read More 4 People Die in Medical Transport Plane Crash in Northern Arizona
A small medical transport plane crashed and caught fire Tuesday on the Navajo Nation in northern Arizona, killing four people, the tribe said in a statement. A Beechcraft King Air 300 from the CSI Aviation company left Albuquerque, New Mexico, …
Read More People Moves: Liberty Names Luis VP and Producer in Miami
The Liberty Company Insurance Brokers, headquartered in Gainesville, Florida, has named Guillermo “Guillo” Luis as vice president and producer. Luis, based in Miami, has more than 30 years experience in surety and construction coverage, including time as head of bonding …
Read More Neptune Flood: 77% of At-Risk Homes Outside FEMA Zones Have No Flood Insurance
Many homeowners underestimate their flood risk, leaving millions uninsured or underinsured in the face of a rising tide of flood events. A 2025 study from the Federal Reserve Bank of Philadelphia (FRBP) found 70% of annual flood losses remain uninsured, …
Read More Florida Reports 21 Cases of E.coli Infections From Drinking Raw Milk
The Florida Department of Health said this week that 21 cases of Campylobacter and E. coli infections have been linked to drinking raw milk in the state, including six children under 10. The state health department reported seven hospitalizations linked …
Read More Massachusetts Ambulance Firms to Pay $6M to Settle False Billing Charges
Massachusetts Attorney General Andrea Joy Campbell announced a $6 million settlement with two ambulance companies on charges they submitted false claims. The state said the settlement with Brewster Ambulance Service, Inc. and EasCare, LLC and their owners, Mark Brewster and …
Read More Brookfield Turns Focus to Insurance as Source of Fresh Capital
Brookfield Corp. is planning to refocus itself into an investment-led insurer, marking a turn for the Canadian money manager that built its name as an owner of real assets. For years, Brookfield used its capital to mostly invest in real …
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