Posts by Hometown Insurance

Monument Re, a buyer of European life insurance portfolios, is exploring strategic options after reporting a drop in its capital ratios last year, people familiar with the matter told Reuters. Citigroup and Fenchurch Advisory are working with the company and …

Fred C. Church Insurance Names Hart Vice President, Personal Lines Manager Fred C. Church, headquartered in Lowell, Mass., promoted Kate Hart to vice president, personal lines manager. Hart began her insurance career in 2007 as a sales representative with Liberty …

With cyber attacks continuing to grow and new risks emerging, The Biden-Harris Administration in July announced a cybersecurity certification and labeling program to help U.S. consumers more easily choose smart devices that are safer and less vulnerable to cyber attacks. …

The owner of a Greek oil tanker has been ordered by a U. S. judge to pay $2.25 million in fines and penalties after discharging oily bilge water into the ocean during a trans-Atlantic voyage and admitting to other environmental …

Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the Lloyd’s insurance market. The life and general insurer, …

Representatives of the multitrillion-dollar insurance industry are hurling criticism at a proposal that could make it harder to invest in deals sold in fast-growing private markets that offer higher yields but often bring added risks. The proposal by a unit …

Mallinckrodt on Tuesday said it was preparing to seek bankruptcy protection for the second time in three years after struggling to make a required $200 million settlement payment to opioid victims. The drugmaker, one of the largest makers of opioids, …

Nebraska Republican Congressman Don Bacon said late on Monday the FBI had warned him that his emails were hacked by Chinese spies, with both personal and campaign messages compromised. Bacon was told that the Chinese Communist Party had access to …

WILLIAMSPORT, Pa. (AP) — Teams that stay in the Williamsport complex for the Little League World Series will continue to sleep in single beds in the wake of last year’s incident where a boy seriously injured his head when he …

Maryland-based commercial property/casualty insurer Harford Mutual Insurance Group announced that it has received final approval from the Maryland Insurance Administration of its merger with ClearPath Mutual Insurance Co., a monoline workers’ compensation carrier headquartered in Louisville, Kentucky. The merger, which …