Posts by Hometown Insurance

Munich Re said it has investments of as much as €2.5 billion ($2.9 billion) in private credit, an asset class that has been facing fund redemptions and scrutiny of underwriting standards. Private credit “is about 1% of the asset portfolio …

Passengers from the Hondius cruise ship are being repatriated under a patchwork of measures that reflect uncertainty over how this strain of hantavirus spreads, complicating efforts to contain the deadly outbreak. Some passengers are being placed in biocontainment units, notably …

Cross-border insurance programs are both commercially attractive and operationally demanding. Acquiring new businesses, adding geographies, teams, products, lines of business, and partners is a real opportunity for growth. But most insurance platforms are traditionally optimized for local taxes, language, currency, …

Record-breaking heat and drought have fueled the world’s worst ever start to a wildfire year, as climate change and a developing El Niño threaten to push extreme weather to new heights. Over the first four months of this year, more …

Rufus French, a former NFL player who starred at Ole Miss, was sentenced last week to over 16 years in prison for orchestrating a years-long scheme to scam government agencies out of nearly $200 million by selling patient information and …

New Zealand’s government plans a law change to prevent private legal action against greenhouse gas emitters, arguing cases have created business uncertainty and deterred investment. The amendment will impact current and future proceedings before the courts, including a case brought …

Hopes for a peace deal on Iran faded on Tuesday after Donald Trump said a ceasefire with Iran was “on life support” as Tehran rejected a U.S. proposal to end the conflict and stuck to a list of demands the …

Netflix NFLX.O was sued on Monday by Texas Attorney General Ken Paxton, who accused the streaming company of spying on children and other consumers by collecting their data without consent, and designing its platform to be addictive. Texas said that …

Iran says it’s deployed small submarines to act as an “invisible guardian” of the Strait of Hormuz amid a series of rejected peace deals between Tehran and the US. The Islamic Republic has at least 16 of the Ghadir-class midget …

A federal judge is asking for more information about a proposed settlement between Elon Musk and the US Securities and Exchange Commission, after the billionaire agreed to pay $1.5 million to end a lawsuit alleging he waited too long to …