Posts by Hometown Insurance

Cyber risk headlines are dominated by rising ransomware activity and soaring global data breach costs. The increased ransomware activity, driven largely by threat actor financial motives, has indiscriminately affected all industry segments – from large corporate clients to small to …

Product liability cases are increasing, according to Lex Machina’s annual Product Liability Litigation Report, with 5,826 such cases in federal courts in 2022. The data analyzed by Lex Machina, a LexisNexis company, shows that “product liability cases are generally increasing …

Independence Pet Group completed of its acquisition of Felix Cat Insurance, a pet insurance brand for cats. The deal is subject to customary closing conditions, including various regulatory approvals, and is expected to close in the second half of 2023. …

It took just minutes for more than 20 thieves, clad in hoods and masks, to swarm the Nordstrom store in the Westfield Topanga shopping center and make off with $300,000 of handbags and other luxury items. A security guard was …

Boston firefighter Daniel Ranahan had heard about colleagues getting cancer but he was stunned when doctors discovered a large tumor in his chest. He was only 30 and had been in the Boston Fire Department less than a decade. But …

The recent devastating floods following Super Typhoon Saola in Hong Kong and other parts of China may add further pressure to the upcoming reinsurance renewals in January, according to an AM Best commentary. The overall impact of the rainstorm is …

WalkerHughes Insurance announced that it has received a strategic minority investment from BW Forsyth Partners. Indianapolis, Indiana-based WalkerHughes will remain locally owned and operated with Benjamin Schoettmer, Founder and Chief Executive Officer, retaining a controlling interest as the largest shareholder. …

Origami Risk announced it has acquired Chicago, Illinois-based Dais Technology, a provider of no-code insurance technology. The acquisition increases Dais’ market reach and client support capabilities and expands Origami’s innovative suite of property and casualty insurance solutions for managing general …

DES MOINES, Iowa (AP) – A long stretch of hot, dry weather has left the Mississippi River so low that barge companies are reducing their loads just as Midwest farmers are preparing to harvest crops and send tons of corn …

BATON ROUGE, La. (AP) – Men incarcerated at Louisiana State Penitentiary filed a class-action lawsuit Saturday, contending they have been forced to work in the prison’s fields for little or no pay, even when temperatures soar past 100 degrees. They …