Posts by Hometown Insurance
Kentucky Auto Insurers Must Use Blue Book or J.D. Power on Vehicle Values, DOI Says
Auto insurers in Kentucky now have some official guidance and liability protection when determining the value of wrecked vehicles. In keeping with Senate Bill 136, approved on an emergency basis by state lawmakers this year, the Kentucky insurance commissioner last …
Read More US Warns of Blackout Risk From Killing Coal as Trump Snubs Renewables
Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report seen as a precursor to a broader intervention to help keep coal-fired power plants from …
Read More Erie Insurance Restores All Operations After Month Outage; Says No Data Breached
Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is “no evidence” of a breach of any sensitive personal information, financial records or legally …
Read More Deadly Texas Flash Floods Cause $18-22 Billion in Damage, AccuWeather Says
The deadly flash floods in Texas that killed more than 100 people over the Fourth of July holiday weekend will cause an estimated $18 billion to $22 billion in total damage and economic loss, AccuWeather said. The weather forecasting service …
Read More Misinformation on Cloud Seeding Swirls After Deadly Texas Floods
In the aftermath of devastating floods in Texas, social media users have spread misinformation that cloud seeding is to blame. Meteorologists have been quick to debunk the claim, but the rumors underline how weather can be a magnet for conspiracy …
Read More Richard Li’s FWD Rises in HK Debut, Reversing Earlier Drop
Billionaire Richard Li’s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million). The insurer’s stock climbed 1.1% to HK$38.40 on Monday, reversing a drop …
Read More North Dakota Unifies Insurance and Securities Departments Under New Law
North Dakota Insurance Commissioner Jon Godfread announced last week that the state’s Insurance and Securities are unifying into following the passage of Senate Bill 2214 during the 2025 legislative session. The new law allows the insurance commissioner to assume the …
Read More CRC Group Agrees to Acquire Lloyd’s Managing Agency Atrium Underwriting Group
CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd’s managing agency Atrium Underwriting Group Ltd. from investment funds managed by Stone Point Capital LLC and other investors. Atrium will retain its …
Read More Tax Increase on Litigation Funders Does Not Make Final Budget Bill
When Trump’s huge tax bill was signed into law July 4, missing were changes to the taxes third-party litigation funders pay. Once included within the One Big Beautiful Bill (OBBB) was language to tax earnings by litigation funders. Critics had …
Read More WalkerHughes Acquires Missouri’s Apogee
WalkerHughes Insurance, a privately held, founder-led retail insurance brokerage headquartered in Indianapolis, Indiana, is pleased to announce the addition of Apogee Insurance Solutions, LLC, a St. Peters, Missouri-based insurance agency, to its growing Missouri platform. This marks WalkerHughes’ second acquisition …
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