Posts by Hometown Insurance
Google Loses Fight Against Record €4.1 Billion EU Antitrust Fine
Alphabet’s Google on Thursday lost its long-running fight against a record EU antitrust fine for using its Android mobile operating system to block rivals, a court ruling which is seen as likely to boost Europe’s crackdown on Big Tech. The …
Read More Europe Targets Shadow Fleet Tankers Falsely Using Cameroon Flag, Sources Say
Europe is taking tougher action against tankers falsely using Cameroon’s flag registry to transport Russian oil, including boarding vessels at sea, prompting Cameroon to dump 39 such vessels from its ship registry, according to officials and documents. On June 8 …
Read More AI Poses Biggest Security Challenge of Decade, UK’s Cooper Warns
The world must urgently develop guardrails to contain the threat posed by artificial intelligence, Britain’s foreign secretary is set to warn. Yvette Cooper will say that AI may become the “greatest security challenge of the next decade,” calling for international …
Read More FBI Probes Whether Alarum Unit Is Behind Co-Opted Home Devices
The FBI is investigating whether a subsidiary of the data-collection firm Alarum Technologies Ltd. had a role in linking customers’ home internet devices without their consent into a network that people can use to disguise their locations, according to documents …
Read More Agent-Carrier Relationships Improving, Survey Shows
Maybe it’s the result of a softer market. Or maybe deliberate carrier investments in agency relationships are paying off. First Connect Chief Executive Officer Aviad Pinkovezky tossed out the two possibilities to explain the markedly improved picture of agents’ ability …
Read More Alabama DOI Lifts 16-Month Moratorium on New Captive Insurers in the State
Now that a new Alabama law has had time to take effect, the state Department of Insurance has lifted a 16-month moratorium on new captive insurance companies in the state. A captive manager and supporter of the new law said …
Read More Supreme Court to Weigh If States’ Assault Weapons Bans Violate Second Amendment
A Supreme Court that has expanded gun rights will consider whether bans on semiautomatic rifles, often called assault weapons, violate the Second Amendment. The justices said Tuesday they will hear appeals challenging bans on the AR-15 and similar semiautomatic firearms …
Read More AM Best Places Credit Ratings of Topa in California Under Review
AM Best placed under review the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Topa Insurance Company in Calabasas, California. The review includes subsidiary Dorchester Insurance Company Ltd. in the U.S. Virgin …
Read More The Race to Rescue 8,000 Sailors Still Stranded Behind Hormuz
At anchor in the Persian Gulf, Abhijit Chopra found out about the US-Iran peace deal when his phone lit up with messages from family and friends. The captain of a crude oil tanker, he had to temper his excitement. There …
Read More Ex-Michigan Police Lieutenant Pleads Guilty to Falsifying Salvage Vehicle Inspections
A former Lincoln Township, Michigan Police Department Detective Lieutenant has pled no contest to falsifying salvage vehicle inspections, announced Michigan Attorney General Dana Nessel. Johnathan Chase, 54, of Stevensville, pled to one count of Misconduct in Office and one count …
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