Posts by Hometown Insurance

Property Insurance claims from Hurricane Milton had topped more than 123,000 by Sunday, with some $1.5 billion in estimated insured losses. That’s already more than the claims and losses reported for Helene, which made landfall in Florida two weeks earlier, …

Vermont’s insurance regulator has approved an affiliation of Union Mutual Fire Insurance Co. with the Massachusetts-based mutual insurer Norfolk & Dedham Group. Under the now-approved “acquisition of control” transaction that was proposed in April, Union Mutual and its wholly owned …

Florida’s Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate includes losses from wind, storms surge, and inland flooding to personal, commercial and industrial properties and vehicles, as well as …

A Russian missile hit a fourth cargo ship in Ukraine this month, as the Kremlin ramps up its attacks on Kyiv’s trade infrastructure. A grain storage facility at Odesa port was attacked on Monday, killing one person and injuring two …

The UK government has urged people to ensure they are prepared for flooding this winter after an unusually wet September. The warning marks “Flood Action Week” which starts Monday and coincides with the anniversary of last year’s Storm Babet, which …

Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced its launch in Asia Pacific with a new subsidiary in Singapore. As the first part of its expansion plans, SRG has, through …

The likelihood of a La Niña weather event in coming months has decreased, Australia’s weather bureau said on Tuesday, adding that if the phenomenon did appear, it would be weak and short-lived. The development of La Niña and its opposite, …

Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year. Weather forecasters predict wetter conditions from the Philippines to …

Arch Capital Group Ltd., the Bermuda-based re/insurer, announced that Nicolas Papadopoulo has been named chief executive officer and is joining the board of directors effective immediately. Papadopoulo has held his current positions of president and chief underwriting officer since 2021 …

Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority, making it the costliest since the start of …