Posts by Hometown Insurance

French insurer AXA reported better-than-expected full-year earnings on Thursday, boosted by increased premiums from individual insurance policies and fewer claims for natural catastrophes. Full-year net income jumped by 10% from a year earlier to 7.89 billion euros ($8.28 billion), beating …

Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the January blaze. The …

The last three years have exposed a growing challenge for insurance carriers: attracting, hiring and retaining young talent. Despite the passing of the so-called “Great Resignation,” the insurance industry continues to face significant workforce challenges. The Bureau of Labor Statistics …

The head of the world’s largest aircraft leasing company, AerCap, said on Wednesday that Russia may look to buy used aircraft or engines if and when its markets reopen but that he saw no rush by Western lessors to resume …

After a fire broke out at an Oklahoma motel in June 2020, the property owner submitted a loss claim to its surplus lines insurer – only to find the insurer denied the claim on the assertion that a commercial lines …

It was not your typical smash-and-grab burglary and the booty was precious: a toilet worth more than its weight in gold. The one-of-a-kind 18-carat gold toilet was swiped in under five minutes from Blenheim Palace, the sprawling English country mansion …

Members of the IU Indianapolis men’s basketball team are unhurt and back home Monday, a day after their bus caught fire on Interstate 275. The school posted a message on X on Sunday that all team and staff members were …

The US Supreme Court signaled it will revive a job-bias lawsuit by a straight woman and make it easier in some parts of the country for members of so-called “majority groups” to get to a jury with discrimination claims. Hearing …

In a prosecution that local news outlets had called “stunning,” a New Jersey judge has made an equally stunning dismissal of corruption and racketeering charges against insurance executive and Democratic power broker George Norcross III and five co-defendants New Jersey …

NormanMax Insurance Holdings, the Miami-based provider of parametric re/insurance solutions, has agreed to acquire FloodFlash, the parametric flood managing general agent, subject to regulatory approval. London-headquartered FloodFlash will continue to operate as an MGA and Lloyd’s coverholder, and the FloodFlash …