Posts by Hometown Insurance

The U.S. Supreme Court on Friday preserved the Justice Department’s power to unilaterally dismiss lawsuits filed under a law that lets whistleblowers sue businesses on behalf of the government to recover taxpayer money paid to companies based on false claims …

Jamaican Finance Minister Nigel Clarke said he is seeing “definite interest” from other Caribbean countries to join in issuing a regional catastrophe bond that would protect their budgets from hurricanes and spread investor risk across more countries. Clarke told Reuters …

Howden, the London-based insurance broker, announced it has strengthened its marine offering in Europe with the acquisition of Bremen-based broker Northern Lloyd, one of the leading marine brokers in Northern Germany. The acquisition of Northern Lloyd reinforces Howden’s strategy to …

A Vermont man facing charges he murdered his mother at sea in order to obtain a multimillion dollar inheritance has been found dead in his jail cell in New Hampshire, officials announced yesterday. The state medical examiner and the Keene …

Strong winds, heavy rain and high tides lashed India’s Gujarat coast late on Thursday as Cyclone Biparjoy made landfall after authorities there and in neighboring Pakistan had evacuated more than 180,000 people to safety. Deserted coastal towns were battered in …

TOPEKA, Kan. (AP) – Kansas Insurance Commissioner Vicki Schmidt has been diagnosed with breast cancer and plans to undergo treatment in the coming weeks. Schmidt disclosed the diagnosis in a statement Wednesday. She said she will continue to work as …

The impact from a June hailstorm over Texas with baseball to softball-sized hail is expected to cause over $1 billion in insured losses, according to catastrophe modeling firm Karen Clark and Company. The storm occurred June 10th to 13th as …

DES MOINES, Iowa (AP) – Two companies have been tasked with investigating the partial collapse of a six-story apartment building in Iowa that left three dead, many injured and dozens displaced, the city of Davenport announced Wednesday. The city hired …

Crispin Odey has stepped back from an investment fund focused on the Lloyd’s of London insurance market in a sign of the fallout from sexual harassment allegations against the hedge fund founder spreading to his other holdings. Odey, 64, resigned …

Suspected state-backed Chinese hackers used a security hole in a popular email security appliance to break into the networks of hundreds of public and private sector organizations globally, nearly a third of them government agencies including foreign ministries, the cybersecurity …