Posts by Hometown Insurance

New York Gov. Kathy Hochul last night vetoed a measure that would have expanded wrongful death benefits after her late bid for amendments was rejected by the sponsors of the bill. In vetoing the Grieving Families Act, Hochul called for …

Federal authorities in Florida have charged 25 people with participating in a wire fraud scheme that created an illegal shortcut for aspiring nurses to get licensed and find employment. Recently unsealed federal grand jury indictments allege the defendants took part …

More than 100 people in Miami are looking for new homes after a fire destroyed dozens of units at an apartment complex this week. Residents said they were doubly incensed after learning that the complex had no property insurance. Local …

Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, which is leading reinsurers to require higher attachment points, according to Gallagher Re. “The topic of primary versus secondary perils …

Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition called the “the first full-stack, active cyber Insurance carrier,” received an A- rating from AM Best, also on Jan. 30. …

An investor group committed to climate change and controlling $11 trillion in assets has banned members from counting carbon removal schemes towards their emissions reduction targets before 2030, amid increasing scrutiny of the fast-growing market for carbon offsets. The Net …

Trees set ablaze in Brazil’s Amazon rainforest could contribute to melting glaciers in the Himalayas and Antarctica because distant ecosystems that regulate the Earth’s climate are more closely connected than previously thought. Scientists have discovered a new atmospheric pathway that …

Auckland is bracing for another rain deluge later Tuesday that threatens more surface flooding and land slips on ground already sodden after a record downpour. New Zealand’s MetService is forecasting that a new weather system will strike the nation’s largest …

Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after India’s market regulator raised certain compliance issues with employee stock plans in a private letter. It is the second such …

Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetize users’ personal data. Meta Platforms Inc., the …