Posts by Hometown Insurance

The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking victims. On Tuesday, it released a 107-page report that it …

Eli Lilly & Co. is suing medical spas, wellness centers and compounding pharmacies in various US states that sell unapproved versions of its blockbuster diabetes drug Mounjaro, which is frequently used off-label for weight loss. In lawsuits Lilly said it …

Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and floods, according …

A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili reduced damages of $742.7 million by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s assets. The amount was revised down …

Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion. The round, one of Israel’s largest this year and Cato’s biggest, was led by LightSpeed …

Moderna’s suit against Pfizer and partner BioNtech over alleged COVID-vaccine-related patent infringement – and the targets’ countersuit – might suggest an abrupt return to business as usual after an unprecedented period of cooperation among life sciences companies during the height …

Hylant, one of the larger privately held insurance brokers in the country, has made a number of personnel changes in recent weeks. Alejandro Reyes will lead Ohio-based Hylant’s business risk consulting teams, which help clients manage operational risks, the company …

A New York startup company said it is now offering a platform that will make it easier for homebuyers to assume a mortgage from the seller, potentially saving buyers significantly over current interest rates. Roam, as it’s known, launched last …

Three artworks believed stolen during the Holocaust from a Jewish art collector and entertainer have been seized from museums in three different states by New York law enforcement authorities. The artworks by Austrian Expressionist Egon Schiele were all previously owned …

(Bloomberg) — Airlines are scrambling to find replacements for hundreds of single-aisle jetliners that will be sidelined by a recently discovered engine issue, providing a boon to companies that lease out aircraft and crews. About 3,000 Pratt & Whitney geared …