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Posts by Hometown Insurance

People Moves: LP Insurance Services Names Reed to Commercial Team in Nevada

By Hometown Insurance | November 12, 2024
LP Insurance Services LLC named Travis Reed to its commercial lines team in northern Nevada. Reed has more than 10 years of industry experience, most recently as a sales executive with Alpine Insurance Associates. He previously worked as vice president …
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Louisiana Community Protest Approval Process for Ammonia Plant

By Hometown Insurance | November 8, 2024
ELKINSVILLE, La. (AP) — A dispute over a planned ammonia plant near a historic Black town in southeastern Louisiana ratcheted up a notch with a challenge to the state’s approval process. The battle over the plant is occurring despite the …
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AI Thermostats Pitched for Texas Homes to Relieve Stressed Grid

By Hometown Insurance | November 8, 2024
Three of the biggest names in US home energy automation are coming together to offer some relief to the beleaguered Texas electrical grid. Power supplier NRG Energy Inc. is partnering with Renew Home LLC to distribute about 650,000 artificial intelligence-enabled …
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Multiple Climate Disasters Trigger First-Ever Red Cross Disaster Insurance Pay-Out

By Hometown Insurance | November 8, 2024
The world was hit by so many floods and landslides in 2024 that it triggered the aid sector’s first multi-disaster insurance pay-out, the Red Cross told Reuters, signaling both the scale of the problem and the need for new financing …
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Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion

By Hometown Insurance | November 8, 2024
The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total insurance losses in excess of €3.5 billion ($3.8 billion), Moody’s estimates. The projection is based on the first 72,000 insurance …
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North Dakota Voters Reject Marijuana Legalization

By Hometown Insurance | November 8, 2024
North Dakota voters defeated a measure calling for the legalization of recreational marijuana. The outcome of the proposal wasn’t clear until Wednesday morning. North Dakota is one of a handful of states, including Florida and South Dakota, where recreational marijuana …
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Smoke Wafts Over New York City From New Jersey Brushfire

By Hometown Insurance | November 8, 2024
A small fire burning in New Jersey’s Bergen County has sent smoke wafting across the Hudson River into New York City. Firefighters have a 19-acre (7.7-hectare) fire along the Palisades Interstate Parkway partially contained, according to an X post by …
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Wind-Driven Southern California Blaze Has Destroyed at Least 132 Structures

By Hometown Insurance | November 8, 2024
A Southern California wildfire that was driven by high winds has destroyed at least 132 structures and forced more than 10,000 people to evacuate. The fire in Ventura County has burned 20,596 acres and is 7% contained. The Mountain Fire, …
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Update: Citizens Resumes Binding as Rafael Turns Away From Florida

By Hometown Insurance | November 8, 2024
Florida’s Citizens Property Insurance Corp. has lifted its suspension on binding of policies as Hurricane Rafael turned away from Florida and was tracking toward Mexico and was expected to weaken. Citizens, the largest property insurer in the state, ended the …
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Florida Boom Metros See Biggest Drop in Home Prices Since 2011

By Hometown Insurance | November 8, 2024
An area along Florida’s west coast including affluent Sarasota is seeing the worst home price declines since the aftermath of the Great Recession, as the region recovers from hurricanes and faces rising inventory. While home prices continue to rise across …
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