Posts by Hometown Insurance
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio
The U.S. cyber insurance market may be facing a time of transition as certain signs point to eventual adverse development. According to AM Best, the market’s loss ratio in 2025 increased for the second straight year to 53—the first time …
Read More Supreme Court: Rastafari Can’t Sue Louisiana Prison Officials Who Cut Dreadlocks
The Supreme Court barred a former Louisiana inmate from suing prison officials who cut off his dreadlocks in violation of his Rastafari religious beliefs. The justices condemned what happened to the former inmate, Damon Landor. But they ruled that a …
Read More Amazon Sued by Australian Consumer Watchdog Over Prime Video Ads
Amazon.com Inc. has been sued by Australia’s consumer watchdog for introducing advertising to its Prime Video streaming service and then forcing existing subscribers to pay more to avoid the ads. The Australian Competition & Consumer Commission said Tuesday it has …
Read More Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test
Hyperscale data center campuses represent the latest growth opportunity for the global re/insurance industry. Annual investment in these specialized facilities will likely surpass $300 billion by 2027 and the total insurable asset base for the roughly 11,000 data centers currently …
Read More It’s a Sweltering Summer. Can We Finally Wear Shorts to Work?
Last week, as temperatures in Europe soared and France recorded its highest-ever average temperature, Bloomberg conducted a poll of its clients — including traders, portfolio managers and strategists. The question was simple, but important: Is it ever appropriate to wear …
Read More Apple iPhone 18 Pro Supplier List, Parts and Photos Exposed in Tata Data Leak
Sensitive lists of components and suppliers, and photos of Apple’s upcoming iPhone 18 Pro models are part of files posted on the dark web by the ransomware group that stole data from the U.S. firm’s Indian supplier Tata Electronics, according …
Read More Iran Ratchets Up Talk of Controlling Hormuz Before New Talks
Iran reiterated its determination to control maritime traffic through the Strait of Hormuz, raising the stakes ahead of fresh talks in Qatar on formally ending its war with the US. Speaking to state television, Deputy Foreign Minister Kazem Gharibabadi said …
Read More Texas Reaches $34M Settlement With AstraZeneca for Illegal Kickback Scheme
Texas Attorney General Ken Paxton secured a settlement with AstraZeneca Pharmaceuticals to resolve claims that the company engaged in an illegal kickback scheme that improperly influenced prescriptions paid for by Texas Medicaid. Under the settlement, the company will pay $33,998,000.00 …
Read More Arthur J. Gallagher & Co. Acquires Cincinnati Benefit Solutions
Arthur J. Gallagher & Co. announced the acquisition of Ohio-based Cincinnati Benefit Solutions. Terms of the transaction were not disclosed. Cincinnati Benefit Solutions provides employee benefits services for small businesses in Cincinnati and nearby areas. Drew Locaputo and the Cincinnati …
Read More DOJ Closes Criminal Probe Into Abbott Over Baby Formula Plant, WSJ Reports
The U.S. Justice Department closed a criminal probe into Abbott Laboratories over its handling of a baby formula plant linked to potentially deadly bacteria and infant deaths, opting instead for civil penalties, the Wall Street Journal reported on Sunday. Reuters …
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