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Posts by Hometown Insurance

Huntington Starts Coaching Program for Insurance Marketing, PR, and Ad Pros

By Hometown Insurance | October 31, 2024
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 …
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OPTIS: Insurance Agency M&A Down 10% This Year

By Hometown Insurance | October 31, 2024
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 …
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Aerospace Startup Partners With NASA, USGS to Monitor Wildfires, Storms From Space

By Hometown Insurance | October 31, 2024
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 …
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ICEYE Analysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit

By Hometown Insurance | October 31, 2024
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 …
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Ship Owner in Baltimore Bridge Collapse Blames Maryland, Others in Liability Case

By Hometown Insurance | October 31, 2024
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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Allstate Turns in Net Income of $1.2B After Q3 Hurricanes

By Hometown Insurance | October 30, 2024
Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in …
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Louisiana Fortify Homes Program Waitlist Participants Upgraded to Active Status

By Hometown Insurance | October 30, 2024
The Louisiana Department of Insurance said that the 400 Louisiana Fortify Homes Program (LFHP) registrants who were placed on the waitlist after registering for the fifth round of grants last month have been moved to active participant status and may …
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Missouri Farm Cooperative Fined $241K for Lacking Proper Equipment

By Hometown Insurance | October 30, 2024
A Missouri grain cooperative could have prevented an employee’s fatal engulfment in a storage bin in May 2024 had it followed federal workplace safety requirements, the U.S. Department of Labor determined. Responding to the employer’s report of a worker fatality, …
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Farm Bill Becomes Lightning Rod in Wisconsin Senate Race

By Hometown Insurance | October 30, 2024
MADISON, Wis. (AP) — Wisconsin Republican Senate candidate Eric Hovde has repeatedly defended his self-professed lack of knowledge about the U.S. farm bill in the campaign’s closing days, after first saying in a debate that he is “not an expert” …
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AM Best Removes Under Review Status of Iowa’s Pharmacists Mutual

By Hometown Insurance | October 30, 2024
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Pharmacists Mutual Insurance Company (PMIC) and its wholly owned reinsured subsidiary, …
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