Posts by Hometown Insurance
TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over US Ban
China-based ByteDance Ltd. made clear it won’t comply with a new US law requiring it to sell its popular TikTok video-sharing app, setting up what likely will be a prolonged court battle pitting free-speech rights against national-security interests that could …
Read More US Probe Finds Widespread Sexual Misconduct at FDIC
The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released on Tuesday that raises questions about the future of the banking regulator’s leadership. The report, prompted by …
Read More Viewpoint: The 10 Major Risks Shaping Insurance Today
I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks in order of importance inevitably triggers debate about which risk should be near the top or bottom, rather than the …
Read More Georgia AG Says Savannah Overstepped on Ordinance Banning Guns in Unlocked Cars
SAVANNAH, Ga. (AP) — Georgia’s attorney general says city officials in Savannah overstepped their authority by making it illegal to leave firearms in unlocked cars. Savannah’s mayor and city council in April enacted the new city ordinance aimed at making …
Read More El Niño Sees African Union Insurance Agency Pay Out $60 Million
The African Union’s climate insurance agency will pay out at least $60 million to four southern African nations to help them offset the impact of a drought that’s been driven by the El Niño weather pattern, its director general said. …
Read More Michigan Supreme Court Rules Against Couple in Drone Surveillance Case
The Michigan Supreme Court unanimously ruled in favor of a local government Friday in a dispute over sending a drone to take pictures of a rural salvage yard without permission. Liberal and conservative groups closely watched the case, even joining …
Read More Specialist Casualty MGA Casper Secures New Capacity Partners, Chaucer and TMK
Casper Specialty UK Ltd., the casualty-focused MGA and independent sister company to the broker Miller, announced it had secured two new capacity providers, as it enters its second year of trading. Chaucer and TMK have joined Argenta to provide additional …
Read More Higginbotham Acquires Texas’ Barnard Insurance Group
Higginbotham announced it has acquired Barnard Insurance Group of Wichita Falls, Texas. Family owned and operated since 1931, Barnard is an independent agency with services that include personal, life and health, and commercial coverage. Barnard specializes in oil and gas …
Read More Skyward Specialty Announces Pricing of Secondary Offering of Common Stock
Skyward Specialty Insurance Group, Inc.announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) at $36.50. In connection with the offering, the Selling …
Read More US Indicts Leader of Prolific LockBit Ransomware Gang
The leader of one of the most prolific ransomware gangs was indicted and sanctioned by the US government on Tuesday, the latest effort by law enforcement authorities to crack down on rampant cybercrime. Dmitry Yuryevich Khoroshev, a 31-year-old Russian national, …
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