Posts by Hometown Insurance

Tokio Marine HCC today announced it has agree to acquire Gulf Guaranty Employee Benefit Services, Inc., a Jackson, Mississippi-based third-party administrator and managing general underwriter that designs, underwrites and administers group gap medical plans for small and mid-sized businesses. Tokio …

Federal workplace safety inspectors at two Tampa-area Dollar General stores said they found the company again exposing employees to fire hazards and other unsafe conditions, continuing the long history of disregard for worker safety by one of the nation’s largest …

While technology is continuing to evolve and provide many benefits to insurers and their customers, one concern is that growing connectivity and dependence on technology means a single cyber event could simultaneously impact a large number of businesses. This is …

Twitter Inc. on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500 million in severance pay to ex-workers, the latest in a series of cases arising from Elon Musk’s acquisition of the …

Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior executive told Reuters. The fund exceeded …

Evertas, the Chicago-based dedicated crypto insurance company, announced the acquisition of Bitsure, the world’s first insurer dedicated to coverage for crypto mining operations. Launched in 2021, Cape Town, South Africa-based Bitsure bound its first mining policy in June of 2022, …

A federal judge has dismissed a lawsuit filed by a Mississippi woman who says she was hit by a stray police bullet while lying in bed. Latasha Smith, 49, was in bed on Dec. 11 when an officer from the …

Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and equipment blamed for igniting the blazes. But a jury verdict last month ordering …

Ukraine is pushing for grain exports to continue from key ports following Russia’s withdrawal from the Black Sea grain deal. Insurers and shippers aren’t so sure. Russia’s termination of the pact this week means that it will no longer guarantee …

Fortescue Metals Group Ltd. said it had been subject to a cyber attack that resulted in “the disclosure of a small portion of data from our networks.” The world’s fourth-largest iron ore exporter described the attack as “a low impact …