Posts by Hometown Insurance

A magnitude 5.1 earthquake on the Big Island of Hawaii was felt widely, but there were no reports of damage or injury, officials said. The earthquake hit at 5:54 p.m.on Monday near the Kilauea volcano at a depth of 1 …

Denver-based insurance brokerage IMA Financial Group reports it is expanding its employee benefits practice nationally with the acquisition of EBS Insurance Brokers of Newton, Massachusetts. EBS and its 30 employees offer health and welfare plan administration, executive and international benefits …

Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance. Hail was the costliest category for insurance claims by the renewables industry in the last five years, averaging around $58.4 …

Five major global “tipping points” are in danger of being crossed at current levels of warming, a new study warns, leaving humanity at an inflection point between two potential futures. An international team of more than 200 researchers identified 26 …

Bayer was ordered on Tuesday to pay nearly $3.5 million by a Philadelphia jury that found the company’s Roundup weedkiller caused a woman’s cancer, the company said, the latest in a string of trial losses for the company as it …

JACKSONVILLE, Fla. (AP) — Family members of three Black people fatally shot at a Dollar General store in north Florida by a racist gunman have sued the store’s landlord, operator and security contractor for negligence, claiming lax security led to …

Indian businessman Prateek Gupta asked a London judge on Tuesday to lift an order freezing his personal and business assets, alleging that commodity trader Trafigura failed to disclose full information when it sought the injunction. In a court document, Trafigura …

Staff at Trafigura Group worked with alleged fraudster Prateek Gupta to ensure that their dealings would not raise the suspicion of key lender Citigroup Inc., according to messages made public in the court battle between the two sides. The revelation …

Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of Insurance Supervisors said in a report on Wednesday. Insurers continue to have “material exposure” to climate …

Fresh attacks on vessels in the Red Sea are raising insurance premiums for ships in the region and menacing commerce in a conduit for 12% of world trade. War-risk premiums for some vessels have been climbing since shortly after the …