Posts by Hometown Insurance

Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends. COVID-19’s push toward hybrid work has driven the need for office …

A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s revenue. India and China have been the …

LITTLE ROCK, Ark. (AP) – Medical marijuana sales in Arkansas are on track to set a new record this year, state officials said. From January through June, patients spent $141 million to buy a little more than 29,000 pounds of …

While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during the industry meeting. During a panel on property/casualty …

MADISON, Wis. (AP) – A 16-year-old boy killed in an accident at a Wisconsin sawmill appears to have been doing work allowed by state child labor laws when he was injured, police records obtained Tuesday show. Michael Schuls was attempting …

CHICAGO (AP) – A tornado touched down Wednesday evening near Chicago’s O’Hare International Airport, prompting passengers to take shelter and disrupting hundreds of flights. There were no immediate reports of injuries. A confirmed tornado was on the ground around 7 …

After four years of unparalleled underwriting profitability ending in 2021, the property/casualty market is headed for a second straight year of underwriting losses, according to the newly released S&P Global Market Intelligence report. S&P’s “2023 U.S. P&C Insurance Market Report” …

The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest regulatory threat to the Microsoft-backed startup yet. The FTC …

Like a sports league deciding to make greater use of in-game instant replay on crucial calls, the Florida Supreme Court has made it a little easier for hospitals and other medical malpractice defendants to challenge expert witnesses’ qualifications. “This is …

Steve Bannon must pay nearly $500,000 in outstanding legal fees to his former attorneys, a New York judge ruled. Bannon, a longtime ally of former President Donald Trump and far-right strategist, was sued earlier this year for allegedly stiffing the …