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Insurance

CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’

By Hometown Insurance | July 8, 2026
Thanks to a strengthening El Nino, the rest of the Atlantic hurricane season will be well below normal, said researchers at Colorado State University. In a July 8 update to its forecast, CSU said the 2026 hurricane season will have …
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Q&A With NYC Mayor and Officials on Structurally Compromised Midtown Building

By Hometown Insurance | July 8, 2026
The following is an unedited transcript provided by New York City of a July 7, 2026 press conference with Mayor Zohran Kwame Mamdani, Fire Commissioner Lillian Bonsignore, Fire Department Chief John Esposito, and Buildings Commissioner Ahmed Tigani concerning the unstable …
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Some War Insurers Advise Shipowners to Pause Hormuz Voyages After Attacks: Sources

By Hometown Insurance | July 8, 2026
Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the U.S., insurance industry sources said …
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AM Best Revises Outlook to Stable for Brotherhood Mutual

By Hometown Insurance | July 8, 2026
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Brotherhood Mutual Insurance Company …
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Wisconsin Residents Affected by April Storms Eligible for FEMA Aid

By Hometown Insurance | July 8, 2026
Wisconsin residents affected by the April storms that brought severe flooding and tornadoes to the state can apply for FEMA aid. Affected individuals in Bayfield, Brown, Buffalo, Jackson, Jefferson, Juneau, Kenosha, Manitowoc, Marathon, Milwaukee, Outagamie, Racine, Rock, Sauk, Vernon, Washington, …
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NYC to Publicly Identify Buildings Testing Positive for Legionnaires’ Bacteria

By Hometown Insurance | July 8, 2026
New York City is taking the unprecedented step of publicly identifying buildings on the Upper East Side where cooling towers test positive for the bacteria causing Legionnaires’ disease. Buildings with positive initial tests are also being ordered to immediately drain, …
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Changes in Policy Language, Provisions Suppressing Claim Volume, Report Shows

By Hometown Insurance | July 8, 2026
U.S. claim volume fell 8.9% from last year, with total claims dipping 13.1% below the five-year average, despite several large catastrophe events, said a new report. Changes in policy language and policy provisions are a big factor in suppressing the …
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Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar

By Hometown Insurance | July 8, 2026
Ciara Billie was about to step into the shower of her newly built townhome on the Hollywood Seminole Reservation in South Florida when her ceiling began to crumble and an air-conditioning vent crashed down on her toilet. For months, Billie …
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Business Moves: ALKEME Expands in US With Addition of 8 Agencies

By Hometown Insurance | July 8, 2026
Insurance agency ALKEME Insurance said it acquired eight agencies across the U.S. over the second quarter 2026 to enhance its property/casualty offerings in growing markets. Terms of the deals were not disclosed. The newly acquired firms include: LG Insurance (Long …
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Wildfire Risk Rises Across US West as Winds, Dry Lightning Build

By Hometown Insurance | July 8, 2026
Strong winds and dry thunderstorms are raising the risk of fast-moving wildfires across much of the U.S. West, where forecasters warned conditions will favor new ignitions and rapid fire spread through Thursday. An elevated fire-weather outlook, Level 1 on the …
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