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Insurance

Tokio Marine Weighs More Than $10 Billion of International M&A

By Hometown Insurance | October 9, 2025
Tokio Marine Holdings Inc., Japan’s top property and casualty insurer, could spend more than $10 billion on acquisitions to boost its international business, according to Brad Irick, who co-heads the unit. The firm, which generates about 80% of its overseas …
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French Wine Output to Fall Below 2024 After Fires Ravage Vines

By Hometown Insurance | October 9, 2025
France further cut its estimate for this year’s wine production, putting output below 2024’s historically low level, after summer heat waves and wildfires hit vineyards. With the grape harvest nearly complete, output is now seen at 36 million hectoliters, the …
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People Moves: GEICO Names Orpello CMO; O’Donnell Joins Howden US as Head of Logistics

By Hometown Insurance | October 9, 2025
GEICO Names Orpello Chief Marketing Officer GEICO, headquartered in Chevy Chase, Maryland, named Arianna Orpello as its new chief marketing officer, reporting to Chairman, President and CEO Todd Combs. Orpello, who will join the company on Jan. 5, 2026, will …
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Musk’s X Settles Ex-Twitter Executives’ $128 Million Severance Pay Lawsuit

By Hometown Insurance | October 9, 2025
Elon Musk and X Corp have reached a settlement in a lawsuit by four former top executives at Twitter, including former CEO Parag Agrawal, who claim they were not paid $128 million in promised severance pay after Musk acquired the …
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Survey: Employer, Employee Views Differ on Workplace Safety

By Hometown Insurance | October 9, 2025
Employers and employees see safety issues and solutions differently, and open communication could be the easy solution. A recent report on employees’ safety perspectives found gaps in both issues and solutions when it comes to workplace safety. When comparing findings …
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Drone Attacks Are Now Seen 2,000 Kilometers Inside of Russia

By Hometown Insurance | October 9, 2025
Russia has reported a growing number of drone attacks deep inside its territory, with some reaching nearly 2,000 kilometers (1,200 miles) from the Ukrainian border, further testing the country’s air defenses as the war expands. Drones were detected in industrial …
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IMA Financial Adds Alabama’s Valent Group to the Team

By Hometown Insurance | October 9, 2025
IMA Financial Group, a wholesale brokerage based in Denver, has added Valent Group, one of Alabama’s largest privately held insurance brokers, to its team of affiliated firms. Valent, a subsidiary of EBSCO Industries, will retain its name and four offices …
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Greystar, Other Landlords Agree to $141M Settlement in Rent-Setting Lawsuit

By Hometown Insurance | October 9, 2025
Real estate giant Greystar and 25 other property management companies have agreed to collectively pay more than $141 million to settle a class action lawsuit accusing landlords of driving up housing costs by using rent-setting algorithms offered by the software …
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Acrisure to Lay Off 400 Employees, Citing Technological Advancements and AI Integration

By Hometown Insurance | October 8, 2025
Acrisure announced it will implement layoffs to its accounting workforce beginning in early 2026, citing advancements in technology and AI. The company said 400 employees will be affected by the layoffs. “This was not an easy decision, as it affects …
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Walmart Sued for Disability Discrimination at Wisconsin Location

By Hometown Insurance | October 8, 2025
Walmart Inc. violated federal law when it refused to accommodate a Wisconsin employee who required a job coach due to his intellectual disability and subjected him and a coworker to a hostile work environment based on their disabilities, the U.S. …
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