Posts by Hometown Insurance

Debt-laden Rite Aid filed for bankruptcy protection on Sunday and said it would close underperforming stores, as the drugstore chain comes under pressure from lawsuits alleging that it helped fuel the U.S. opioid crisis. The filing will allow it to …

An Indonesian drugmaker whose cough syrup is among products linked to the deaths of more than 200 children last year used ingredients with toxin concentrations of up to 99% in 70 batches of medicine, prosecutors said in a court filing. …

Britain’s financial watchdog said on Friday it had fined consumer credit rater Equifax Ltd. 11 million pounds ($13.4 million) for its role in “one of the largest” cyber-security breaches in history. The Financial Conduct Authority (FCA) said that in 2017 …

As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one class of debt instrument is handing creditors double-digit returns: catastrophe bonds. Investors in the $40 billion market for so-called cat …

Vehicle thefts continue to plague the nation, according to a new report released by the National Insurance Crime Bureau (NICB). The report was released to coincide with National Crime Prevention Month. Nearly 500,000 vehicles were reported stolen nationwide in the …

Elon Musk’s X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a regional director of the U.S. National Labor Relations Board (NLRB) accused X …

Ford is recalling more than 238,000 Explorers in the U.S. because a rear axle bolt can fail, potentially causing a loss of drive power or allowing the SUVs to roll away while in park. The recall comes after U.S. safety …

Tampa-based Slide Insurance, which has made a practice of assuming Florida policies from other insurers in the last two years, said it has acquired renewal rights to 86,000 homeowner policies from Farmers Insurance. Farmers said in June that it would …

A historic sailing vessel on which a passenger was fatally injured by a broken mast was involved in three previous accidents in 2022 and 2019 when the schooner was under different ownership, according to Coast Guard records. The Grace Bailey, …

A 70-year-old man who recently reached a settlement with a Roman Catholic diocese in Massachusetts over sexual abuse he suffered at age 8 said Wednesday he is speaking out because “my voice was taken away from me for all those …