Posts by Hometown Insurance

Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal with France’s BPCE, the insurer said, addressing concerns raised by Italy’s government and two leading investors. In a bid to …

China on Tuesday imposed tariffs on some U.S. imports in a swift response to new U.S. duties on Chinese goods, raising the stakes in a showdown between the world’s top two economies even as President Donald Trump offered reprieves to …

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …

The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings more than doubling from the previous year, according to a new report released today by Cornerstone Research and the Stanford …

Artificial intelligence, cyberattacks or outages, and extreme weather events are the risks partners at global insurance law firm Kennedys perceive will have the biggest impacts on their markets in the next year, according to a new risk forecast. The firm’s …

Aspire named Isaac Adams vice president of product. Adams most recently served as Aspire’s chief marketing officer. He previously served as vice president of data science at The Hartford. He also ran his own agency, Isaac Adams Agency, a Farmers …

A New Jersey man has been sentenced to 57 months in prison for his role in a conspiracy to receive, retitle, and “re-VIN” stolen vehicles. According to Acting U.S. Attorney Vikas Khanna, Nathaniel Bell of Linden pleaded guilty in federal …

An insurance company says it is not obligated to defend or indemnify the owners and managers of a Memphis apartment complex who are facing a $30 million wrongful death lawsuit stemming from the fatal shooting of a 14-year old boy …

North Carolina officials charged with leading recovery efforts in western North Carolina after Hurricane Helene — as well as parts of eastern North Carolina still struggling from previous hurricanes — told state lawmakers last week that they need more money. …

State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners. The carrier, the state’s top homeowners insurer, is partly blaming the devastating Los Angeles wildfires …