Posts by Hometown Insurance

The Securities and Exchange Commission released new guidelines making it easier for corporations to block votes on shareholder proposals at their annual meetings. Under the new policy, regulators will determine whether a proposal affects at least 5% of a company’s …

RiverStone International, the legacy acquisition company, announced it has signed a reinsurance-to-close contract with Asta Managing Agency, under which the 2022 underwriting year of account of Hampden Risk Partners (HRP) Syndicate 2689 will close into Riverstone International Syndicate 3500. The …

Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake invoices to pay illegal commissions and claimed incorrect tax credits, an order shows. The tax …

California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s financial situation and more. State Farm General earlier this …

California Insurance Commissioner Ricardo Lara and a group of state lawmakers are pushing a 10-bill legislative package designed to improve disaster preparedness and help protect wildfire survivors. The bills intended focus are on consumer protection, climate resiliency and market strength. …

A Texas county on Wednesday approved holding an election sought by SpaceX that would let residents living around billionaire Elon Musk ‘s company decide whether to formally create a new city called Starbase. The election was set for May 3 …

Texas’ main grid operator on Thursday forecast that the state’s growing demand for power could surpass its available energy supply beginning in summer 2026. In a report outlining potential supply and demand over the next five years, the Electric Reliability …

iink, a provider of technology to streamline the property damage insurance claims process and support faster payments to contractors, property owners, and claim professionals, is pleased to announce the appointment of Scott Fleszar as its new Chief Executive Officer. Mr. …

Two North Dakota nonprofits have settled their lawsuit against a white nationalist hate group that alleged it intimidated immigrant business owners, though the details are unclear. A court docket entry last week gave notice of the settlement following a conference …

Premium renewal rates increased year over year for all major commercial lines, except workers’ compensation, according to the January 2025 results of the Ivans Index. Month over month, commercial auto, business owners policy (BOP), and commercial property experienced decreases in …