Posts by Hometown Insurance

While a number of Florida-domiciled property insurers have begun rebuilding their policy portfolios in the last 12 months, Tampa-based Heritage Insurance has continued to shed policies in recent years. The selective underwriting strategy, along with other changes, appears to have …

The remains of 56 people were found improperly stored and decomposing Thursday at a Chicago funeral home run by a couple who previously operated a crematory that was similarly shut down because of mishandled remains, authorities said. Illinois state officials, …

A federal judge in Texas last week struck down a 1930s law that imposed regulations on firearm suppressors and guns that are considered the most dangerous, more than a year after President Donald Trump signed a bill eliminating taxes on …

The reinsurance industry’s robust earnings and abundant capital, evident since 2023, have led to increasing competition and a softening market. “The key question is whether reinsurers can maintain underwriting discipline or will irrational competition emerge, leading to another traditional soft …

OpenAI and a subsidiary will pay $3.2 million to settle U.S. government claims that they favored foreign workers with temporary employment visas and discriminated against U.S. job applicants in recruiting and hiring, the U.S. Justice Department said on Tuesday. The …

Eric Anderson, new CEO of American International Group (AIG), offered an in-depth view of the company during his first earnings call at the helm, referring to opportunities within current marketplace conditions. Anderson said the market is “transition from an extended …

New Jersey sued Amazon.com last week, accusing the online retailer of abusing its market power over independent delivery drivers in the state. Amazon used its dominance to impose low pay and poor conditions on thousands of New Jersey workers who …

Two drivers of Mercedes AMG cars have filed a class action lawsuit against the luxury car company, claiming that the AMG logo on their driver’s seat gets so hot that it literally brands them and causes burns. Gabriel Lahijani and …

Virginia, the world’s largest data center hub, has released a long-delayed study that examined the state’s eastern region groundwater supply and the resource-hungry industry’s possible impact on it, finding declines are likely in a critical aquifer due to population growth …

A major earthquake hit Colombia on Monday morning, burying people under rubble and causing severe destruction to buildings and infrastructure in the Pacific region and the central Andes. The magnitude 7.4 tremor struck at 7:34 a.m. local time near the …