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Insurance

Florida OIR Fines Carriers for Adjuster Appointments, Lack of Disclosure Statements

By Hometown Insurance | September 3, 2025
Florida Insurance Comissioner Michael Yaworsky this year has levied more than $2 million in fines against 8 property insurance companies over claims-handling practices flagged by recent market conduct examinations. Three of the companies, American Coastal Insurance, American Mobile Insurance, and …
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Marsh McLennan Agency Acquires Robins Insurance in Nashville

By Hometown Insurance | September 3, 2025
Marsh McLennan Agency, part of Marsh and with offices in New York and around the country, has acquired Robins Insurance of Nashville. The agency, on the cusp of celebrating 50 years in operation, offers business and personal lines coverage in …
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Google Adtech Fine on Hold as EU Awaits Lower US Car Duties, Sources Say

By Hometown Insurance | September 2, 2025
EU antitrust regulators have delayed fining Alphabet’s Google over its adtech business, while waiting for the United States to cut tariffs on European cars as part of a trade deal, three people with knowledge of the matter said on Tuesday. …
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Chinese Firm Faces $420 Million Zambia Mine-Spill Damages Claims

By Hometown Insurance | September 2, 2025
eople affected by a large-scale toxic spill at a Zambian mine in February are demanding $420 million in compensation from the Chinese state-owned company that operates the site. Two separate groups sent letters of demand to Sino Metals Leach Zambia …
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Jaguar Land Rover Hit by Cyber Incident That Disrupts Production, Sales

By Hometown Insurance | September 2, 2025
Jaguar Land Rover’s retail and production activities have been “severely disrupted” following a cybersecurity incident, the British luxury carmaker said on Tuesday, adding that it was working to restart its operations in a controlled manner. The company, owned by India’s …
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Skyward Specialty Agrees to $555M Buy of Apollo Group From PE Firm Alchemy

By Hometown Insurance | September 2, 2025
Skyward Specialty Insurance Group said it has a definitive agreement with the majority sellers to acquire 100% of Apollo Group Holdings Limited from private equity firm Alchemy for a total of $555 million in a mix of cash and shares …
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Frequency Perils Helping to Boost Global Insured Losses to $152B, Verisk Report Says

By Hometown Insurance | September 2, 2025
The average estimated annual insured property loss from natural events around the world has risen to $152 billion – up sharply from recent years – and much of that is from severe thunderstorms, winter storms, wildfires and floods, not large …
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Disputed Ballots Could Swing Union Vote Outcome at EV Battery Plant in Kentucky

By Hometown Insurance | September 2, 2025
An election to determine whether workers unionize an electric vehicle battery manufacturing complex in Kentucky was in limbo due to a few dozen disputed ballots that could swing the outcome. The United Auto Workers claimed it secured a narrow victory …
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Florida’s Once-Pristine Springs Threatened by Pollution, Development, Climate

By Hometown Insurance | September 2, 2025
Seen from the air, a Florida freshwater spring is a bit of liquid heaven, luring humans and wildlife to enjoy its aquamarine cool. With at least 1,000 of them — more than any other state — the springs serve as …
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What to Know About Massive Dust Storms Called Haboobs in Southwest

By Hometown Insurance | September 2, 2025
Massive walls of dust and debris called haboobs that roll through the U.S. Southwest can be awe-inspiring and terrifying, especially for motorists caught in their path. Thunderstorms spawn the phenomenon and can create a wall of dust thousands of feet …
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