Posts by Hometown Insurance
Ex-VW Engineers Plead Not Guilty to US Insider Trading Charges
Two former Volkswagen AG engineers denied charges they made a combined $300,000 trading on secret information about the German carmaker’s planned $5 billion joint venture with electric-vehicle maker Rivian Automotive Inc. The engineers, Michael Stamp and Marcus Plank, both in …
Read More People Moves: Antares Names Leadership Team After Death of CEO van der Straaten
Following the passing of CEO Michael van der Straaten in July, Antares Global, the specialist re/insurance group, has announced its new leadership structure. Oversight of the Antares Global’s business will remain with Ahmed El Tabbakh, QIC’s group chief business officer …
Read More Data Centers Exposed Carriers to China Hack, House Panel Says
US telecommunications companies connected their systems to data centers and related infrastructure in a way that exposed them to cybersecurity vulnerabilities, potentially opening the door to the massive Salt Typhoon hacking campaign that breached several mobile carriers two years ago, …
Read More Proposed Hormuz Deal Would Give Iran Control of Inbound Traffic, Sources Say
A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet …
Read More Judge Orders Rewrite to Florida Property-Tax Amendment Ballot Wording
A proposed Florida constitutional amendment that would limit some home property taxes will likely remain on the November ballot, but state officials have just 10 days to tone down the proselytizing language, a judge ordered. Leon County Circuit Judge David …
Read More Wildfires Mean Portland Edges Out Kinshasa for World’s Worst Air
Wildfires burning across Washington and Oregon have left Portland with the worst air quality among major cities around the world, edging out Kinshasa in the Democratic Republic of Congo. The air in both cities is classified as unhealthy, although the …
Read More The Hartford To Acquire Equitable’s Employee Benefits Biz
In a deal designed to boost The Hartford’s growth in the small and midsized employer segment, the Connecticut-based insurer announced a deal to acquire Equitable’s Employee Benefits business, focusing on flexible non-medical benefits. According to a media statement, as part …
Read More Law Restricts Her From Reducing ‘Excessive’ $91M Injured Worker Award, Judge Finds
A Massachusetts judge has declined to reduce the $91 million damages award she approved last September for a construction worker’s personal injury claim, an award she herself characterized as “grossly excessive” but found is required by statute and precedent. Suffolk …
Read More German DHL Cargo Plane Hits Object as Drone Found at Leipzig Airport
A DHL cargo aircraft hit an unknown object as it was climbing away from Leipzig/Halle airport in eastern Germany overnight, prompting an unscheduled landing in Hanover, a source familiar with the incident told Reuters on Wednesday. Authorities said they were …
Read More AI Now Fuels Over Half of Africa’s Cybercrime, Study Finds
Artificial intelligence is fueling more than half of cybercrime in Africa, enabling criminals to launch faster, more sophisticated attacks as financial losses continue to mount, a new study found. “Cybercrime has emerged as one of the most significant criminal threats …
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