Posts by Hometown Insurance

A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over the diesel emissions scandal to find out what the top brass knew about the the so-called defeat device used in …

The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant’s woes and given hope to investors that a regulatory crackdown on China’s broader technology sector is over. Ant’s …

Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies by 2030 to help the City of London remain a competitive global finance center after Brexit, finance minister Jeremy Hunt …

Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost of €650 million ($716 million), the insurers federation said in a statement Tuesday. The number of claims has doubled compared …

A fleet of tankers that sprouted up out of nowhere to keep Russia’s oil moving has disbanded even faster than it emerged, underscoring the challenges involved in keeping track of who’s helping Moscow to get its petroleum to buyers around …

Zurich North America introduced a cyber insurance offering designed specifically for middle market businesses. The Zurich Cyber Insurance Policy Concierge Suite includes not only cyber Insurance coverage but also loss-prevention and resilience services such as a breach coach and a …

The backlash against investing strategies that factor in environmental, social and governance issues is rising in the US and is impacting the way managers are thinking about integrating such considerations into their funds, according to a survey by HSBC Holdings …

Carlos José Báez experienced the full brunt of Hurricane Maria when it made landfall in Puerto Rico as a catastrophic storm in 2017. The auto paint shop owner, who lives in Aguas Buenas, Puerto Rico, saw his home badly damaged …

Florida’s beleaguered insurance industry may have turned a corner in 2023, with net income in the black for the first time since 2016 and much smaller underwriting losses than in recent years, according to state regulators’ latest market stability report. …

NSM Insurance Group acquired Shield Commercial Insurance Services in Palm Desert, California. Shield specializes in insurance solutions for the general contractor and construction liability space. Shield is focused on underwriting business for small and mid-sized contractors, offering coverages for general …