Posts by Hometown Insurance

A trade group representing Japan’s biggest non-life insurers said on Thursday that its member firms should set a clear deadline to cut their strategic holdings of listed client shares to zero. The General Insurance Association of Japan published the guideline …

Severe rains bucketed down on central Europe, Africa, Shanghai and the US Carolinas this week, underscoring the extreme ways in which climate change is altering the weather. Different meteorological phenomena are behind the series of storms, according to climate scientists, …

The latest trial over claims that the discontinued heartburn drug Zantac causes cancer ended with a hung jury on Wednesday, as jurors in Chicago were unable to agree on whether Boehringer Ingelheim must pay damages to an Illinois man who …

An environmental group is suing Tyson Foods for allegedly misleading consumers by saying it will reach net-zero emissions by 2050 and marketing climate-friendly beef without meaningful plans to achieve those goals. The suit was filed on Wednesday by the Washington-based …

The Carolinas early this week braced for a storm that forecasters warned could bring heavy rain — as much as 6 to 8 inches in some spots. But one narrow band got a “firehose” that dumped as much as 20 …

A crash of a plane roughly a half-mile from a runway near the southwest Alaska community of St. Mary’s killed all four occupants on board the aircraft, authorities said. Alaska State Troopers said they received a report of an overdue …

A fire suppression system at a Brunswick Executive Airport hangar showed deficiencies about a year before it discharged gallons of firefighting foam containing harmful chemicals in Maine’s biggest accidental spill of the fire suppressant on record, according to a recently …

A comment and promise made by former President Donald Trump on Tuesday received a lot of not-so-positive attention from the insurance industry. “Your Automobile Insurance is up 73% — VOTE FOR TRUMP, I’LL CUT THAT NUMBER IN HALF!,” the current …

Insurance technology provider Zywave said Martin Simoncic is its new chief executive officer and Christian G. Kasper has joined as chief financial officer. Simoncic most recently served as president of PROS Holdings, a software-as-a-service (SaaS) solutions company using artificial intelligence. …

U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated to be less than $200 million, the …