Posts by Hometown Insurance
New York Reduces Workers’ Compensation Assessment Rate for 2025
New York employers will pay 22% less in the annual assessment to run the state’s workers’ compensation system in 2025. The rate assessed on standard premiums will be 7.1% beginning January 1, 2025, down from 9.2% in 2024. The Hochul …
Read More Markets/Coverages: Howden Launches Cyber Ins. Solution with Chubb, LSM and Mosaic
Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion. Safe+ simplifies the procurement process by reducing the number of questions required at …
Read More Typhoon Kong-Rey Hits Taiwan as Shanghai Braces for Downpour
Typhoon Kong-Rey made landfall in Taiwan packing dangerous winds, with Shanghai bracing for the heaviest November rain burst since 1981 as the large storm tracks toward mainland China. Kong-Rey had maximum sustained winds of 51 meters per second (114 miles …
Read More Spain Declares Three Days of Mourning as Storms Kill More Than 90
Spain declared three days of mourning as heavy rains killed more than 90 people, in what is already one of the country’s worst-ever natural disasters. The local government of Valencia, the coastal region at the epicenter of the disaster, said …
Read More Online Insurer Waterdrop Mulls Secondary Listing in Hong Kong
US-listed Waterdrop Inc. is looking at a secondary listing in Hong Kong as it seeks to expand its insurance business in the financial hub, according to Chief Executive Officer Shen Peng. The online insurance broker, which has overhauled its business …
Read More Huntington Starts Coaching Program for Insurance Marketing, PR, and Ad Pros
Ted Huntington, a marketing leader with a track record in the insurance, finance, and energy sectors, announced the launch of his new national coaching enterprise, dedicated to helping insurance marketing, communications, public relations, and advertising professionals elevate their careers. Huntington …
Read More OPTIS: Insurance Agency M&A Down 10% This Year
The total of insurance agency mergers and acquisitions as of the end of September was down 10% from the same period in 2023, according to investment banking and financial consulting firm OPTIS Partners. OPTIS Partners’ M&A database counted 535 announced …
Read More Aerospace Startup Partners With NASA, USGS to Monitor Wildfires, Storms From Space
Aerospace startup Sceye has partnered with NASA and the U.S. Geological Survey to deploy climate management tools to monitor wildfires and storms from the edge of space, the company and the government agencies exclusively told Reuters on Tuesday. Sceye’s High …
Read More ICEYE Analysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit
Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses satellite images to measure damage for the insurance industry. The …
Read More Ship Owner in Baltimore Bridge Collapse Blames Maryland, Others in Liability Case
As a sprawling liability case takes shape following the deadly collapse of Baltimore’s Francis Scott Key Bridge in March, the owner and manager of the container ship Dali are seeking to deflect responsibility and cast blame elsewhere. Attorneys for Singapore-based …
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