Posts by Hometown Insurance

Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and Tourism (DET) to facilitate growth opportunities for Dubai-based insurtech start-ups and entrepreneurs. The memorandum of understanding (MOU) facilitates the development …

They range from the brainchild of a winner of computer science’s most prestigious award to a crypto token supporting the biggest blockchain-based video game. But they all have one thing in common, according to the US Securities and Exchange Commission: …

The head of the U.S. government’s office that investigates automobile safety problems has resigned from his post just days after the release of a harsh audit criticizing how the office was managed. Stephen Ridella stepped down as director of the …

Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 “business actions update” Nationwide announced moves “to mitigate risk and manage the personal and commercial lines …

A majority of judges on Brazil’s Supreme Court voted on Monday to back tax authorities in a judgment on how to calculate levies on banks and other financial institutions that could add as much as 115 billion reais ($23.6 billion) …

Canada’s worst-ever spring wildfire season has forced its forestry industry to shutter sawmills, driving up lumber prices and setting production back for months just as housing construction has slowed due to higher costs and a tight labor market. Canada has …

Core Specialty Insurance Holdings, Inc., and its subsidiaries announced today that it will form a medical stop-loss division through the acquisition of the MGU/Stop-Loss business of American National Group. The acquisition will mark Core Specialty’s 13th specialty business unit. Jim …

A Missouri man has pleaded guilty in federal court to his role in a $1.1 million insurance fraud conspiracy that involved false claims of injuries suffered in car accidents, as well as to his role in a conspiracy to fraudulently …

Pretium Packaging, LLC, a manufacturer of plastic bottles and containers, will pay $252,768 and furnish other relief to settle a sex discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. The EEOC charged …

Florida authorities are investigating a steakhouse after seven patrons were hospitalized with what may have been poisoning from narcotics. Santa Rosa County Sheriff said that some type of narcotic was in the food at Nikko Japanese Sushi Bar and Steak …