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Posts by Hometown Insurance

Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports

By Hometown Insurance | May 3, 2024
Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea said in a televised speech on Friday. “We will target any ships heading to Israeli ports in the Mediterranean …
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Binance Crypto Founder Zhao Sentenced to Four Months in Prison

By Hometown Insurance | May 3, 2024
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry …
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Pennsylvania High Court to Decide If Workers’ Compensation Covers CBD Oil

By Hometown Insurance | May 3, 2024
A veteran Pennsylvania workers’ compensation attorney will soon have a chance to argue before the Pennsylvania Supreme Court that his own use of cannabinoid oil (CBD oil) is covered by workers’ compensation. It’s an argument he won last November with …
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Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks

By Hometown Insurance | May 3, 2024
Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman, Sentrisk uses advanced …
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Kansas City Women’s Soccer Plans $800 Million Stadium District

By Hometown Insurance | May 3, 2024
After a failed vote to build a downtown Kansas City Royals stadium, another of the city’s professional sports teams is planning to expand with a mixed-used entertainment district. The Kansas City Current, the city’s National Women’s Soccer League team, will …
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Death of 4 Officers in Charlotte Shows Risks Police Face When Serving Warrants

By Hometown Insurance | May 3, 2024
(AP) Arrest warrants must be served to alleged criminals if society is going to function. But there is no guarantee of safety for police officers knocking on their doors. The grim risks came into stark relief Monday when four law …
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Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman

By Hometown Insurance | May 3, 2024
Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all, Apex raised $7 million in a seed …
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AXA’s Q1 Premiums Rise 6%, Led by P/C Business Growth

By Hometown Insurance | May 3, 2024
AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion), compared with €31.8 billion ($34.1 billion) in Q1 2023. The increase in Q1 gross written premiums (GWP) and other revenues …
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Uber Hit With £250 Million Suit From London’s Black Cab Drivers

By Hometown Insurance | May 3, 2024
Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in the capital city. The claim alleges Uber improperly obtained a license to operate in …
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AXA, Apollo’s Athora Scrap Life-Insurance Deal in Germany

By Hometown Insurance | May 3, 2024
Athora Holding Ltd., an insurance affiliate of Apollo Global Management Inc., and AXA SA have terminated a deal to transfer life insurance policies in Germany almost two years after announcing it. The deal was meant to shift €19 billion ($20.3 …
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