Posts by Hometown Insurance
Summit: Big Picture Trends Driving Insuring Cannabis Conditions
Certain exclusions that were once prevalent in cannabis insurance seem to be eroding, possibly a sign of some good news for businesses in the industry. A group of experts gathered during Insurance Journal’s Insuring Cannabis Summit to talk about underwriting …
Read More Brink’s Sues Air Canada After $17 Million Heist of Gold and Cash
An unsolved $17 million heist of Swiss gold and cash near Canada’s busiest airport has led Brink’s Co. to sue Air Canada for allegedly letting a thief slip away with the loot. Miami-based Brink’s accused the airline of “negligence and …
Read More SEC Probes Twitter Security Lapse Before Elon Musk Took Over
The Securities and Exchange Commission is investigating how Twitter Inc. managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought the social media platform last year. The agency has been scrutinizing whether the former top …
Read More Key to Proactive Cyber Security Is Management of Third-Party Vendor Risks
The hack of the MOVEit file transfer platform, developed by Progress Software and used by businesses of all sizes, serves as a reminder of the potential vulnerabilities faced by third party vendors. In this June 2023 hack, attackers exploited a …
Read More Despite Lower Premium Volume, U.S. Title Insurers Continue to Post Solid Results
The U.S. title insurance industry saw its volume of net premium written decline by 16.1% in 2022, to approximately $20.9 billion, following a decade of growth during which this level had more than doubled, according to a new AM Best …
Read More Airlines Face Israel Insurance Alert in Wake of Weekend Attacks
Governments and airlines scrambled to lay on flights to evacuate thousands of tourists from Israel and repatriate the country’s citizens, as the industry faced a warning over insurance cover in the wake of weekend attacks. Israeli flag carrier El Al …
Read More Businesses in Vermont`s Flood-Damaged Capital Rebuilding Slowly
Nearly three months after severe flooding inundated Vermont’s capital city, Montpelier businesses launched an event Friday to celebrate how much they`ve rebuilt — and remind the public not to forget them as they struggle to make a complete comeback. The …
Read More Internet Companies Report Biggest-Ever Denial of Service Operation
Internet companies Google, Amazon and Cloudflare say they have weathered the internet’s largest-known denial of service attack and are sounding the alarm over a new technique they warn could easily cause widespread disruption. Alphabet Inc-owned Google said in a blog …
Read More AIG Makes Leadership Promotions for ‘Next Phase of Profitable Growth’
American International Group (AIG) on Oct. 11 announced three significant appointments within its executive leadership team. David McElroy, currently chief executive officer of General Insurance, will assume a newly created role of chairman, General Insurance. AIG said McElroy will focus …
Read More Mother of Teen Found Dead in Illinois Hotel Freezer Reaches Settlement in Lawsuit
CHICAGO (AP) – The mother of a 19-year-old Chicago woman who was found dead in 2017 in a freezer at a suburban hotel where she had attended a party has reached a settlement in her lawsuit against the hotel and …
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