Posts by Hometown Insurance

As climate events intensify, exposure is expanding, and loss severities from secondary perils, such as convective storms, wildfires, floods and hail, are no longer easily dwarfed by hurricanes or earthquakes. These perils have contributed significantly to the insured losses in …

HSBC’s global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, sources said, amid a broader global overhaul and recent asset sales in Asia. Moncreiffe’s departure, which was first reported …

Rapid swings in AI data centers’ power demands are straining vital equipment, causing batteries, generators and cooling systems to malfunction or wear out far sooner than expected. As the AI boom accelerates, these technical problems suggest added costs and unforeseen …

The U.S. Food and Drug Administration on Tuesday finalized guidance for preparation and packaging of fresh-cut produce, recommending measures such as sanitation control, supplier verification and refrigeration to reduce the risk of foodborne illnesses. The guidance for ready-to-eat produce comes …

The US just sweltered through the warmest month ever recorded. The average temperature for the US mainland reached 76.9F (24.9C) in July, the National Oceanic and Atmospheric Administration said on Monday. The US government has been tracking temperatures for 132 …

Water levels on the Rhine river are dwindling further, with no relief in sight, forcing companies that rely on the waterway to adjust rapidly to keep goods flowing.Levels at Kaub, Germany — the Rhine’s shallowest point — have fallen to …

Delta Air Lines Inc. is investigating an unauthorized Wi-Fi network on a Monday flight out of Las Vegas, where a major cybersecurity conference was held over the weekend. The US airline is working with federal law enforcement officials and aviation …

More German drivers than ever are switching to electric vehicles due to the jump in fuel prices triggered by the US-Israeli war on Iran. A record 12% replaced their combustion-engine car with an EV in the second quarter, according to …

St. Petersburg-based Mangrove Property Insurance, launched two years ago, has created its own reinsurance sidecar, the company announced. Grove Re Ltd., domiciled in Bermuda, will be a Class 3A insurer, designed to support Mangrove’s risk management and underwriting. Mangrove CEO …

Health officials in Louisiana are urging beachgoers to take precautions during a summertime surge in infections from a flesh-eating bacteria found in coastal waters. Louisiana has confirmed nine cases of Vibrio vulnificus infections this year, the state’s health department said …