Posts by Hometown Insurance

North Carolina Insurance Commissioner Mike Causey has rejected an average 42% hike in homeowners insurance rates proposed in January by the state’s rate bureau, setting the stage for a public hearing and negotiations. “Homeowners were shocked with the high amount …

Ransomware gangs stole more than $1 billion in 2023, the largest amount ever recorded, according to a report published Wednesday by blockchain analysis firm Chainalysis Inc. With ransomware hacks, cybercriminals block access to a victims’ data or files until they …

Internet giant Google on Feb 6 called out a series of surveillance software companies that it said were enabling the use of dangerous hacking tools, and urged the United States and its allies to do more to rein in the …

Swiss Re is among a growing list of reinsurers to drop its demand that a near $10 billion battle with aircraft leasing companies, seeking payouts for more than 200 jets stuck in Russia, should be heard in Moscow, court filings …

Jacksonville-based specialty insurer Fortegra Group has withdrawn its plans for an initial public offering in the United States, just hours before the IPO and nearly three years after the company scrapped its earlier listing plans. The move by Fortegra, a …

Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how Houthi attacks in the area are punishing the commercial interests of vessels with ties to the west. The militants began …

The sabotage of two undersea gas pipelines in 2022 remains a mystery as Sweden ended a probe without reaching any clear conclusions on the identity of the perpetrators. The preliminary investigation was dropped given nothing indicates that the attack involved …

The New York State Department of Financial Services has proposed market conduct regulations to govern pharmacy benefit managers (PBMs) operating in the state. The regulations have been developed to implement a law passed in 2021 that requires licensing of PBMs …

A conservative U.S. legal group has accused the National Football League (NFL) and its teams of engaging in discrimination through its influential “Rooney Rule,” which requires teams to interview at least one minority candidate for coaching and executive positions. America …

A handful of super powerful tropical storms in the last decade and the prospect of more to come has a couple of experts proposing a new category of whopper hurricanes: Category 6. Studies have shown that the strongest tropical storms …