Posts by Hometown Insurance

Analysts at AM Best recently downgraded the Financial Strength Rating (FSR) to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb-” (Good) from “bbb” (Good) of Hanover Fire & Casualty Insurance Co in King …

Thanks to the capabilities of artificial intelligence, trust is going to be an even more important component in the cybersecurity landscape. “The mantra moving forward is trust no one, verify everyone,” said Experian in its newly released 2027 Data Breach …

ASOS Plc said a recent data breach occurred when an “unauthorized party” impersonated a trusted contact to dupe an employee at the online fashion retailer into handing over log-in details for their work account. The hackers, calling themselves the Xuanye …

New York Attorney General Letitia James has added new allegations to a child safety lawsuit against TikTok Inc., accusing the platform of running secret experiments on teen users. The new claims are attributed to a Bloomberg Businessweek report, based on …

The suspect behind recent cyberattacks at South Korean banks was likely a China-based 26-year-old who used a Chinese-developed AI agent and Anthropic’s Claude Code, US cybersecurity company CrowdStrike said. In a report published on Wednesday, CrowdStrike said it believed the …

The Canadian branch of the Weston family agreed on Wednesday to buy Britain’s Boots from Sycamore Partners and the Pessina family in an $8.9 billion deal, pledging to invest in the retailer’s stores and online and expand healthcare services. Wittington …

Drones hit a data center owned by Russia’s Yandex, the country’s leading AI and technology company said on Thursday, in the first major attack on a Russian data hub since the start of the war with Ukraine. Mutual drone attacks …

Private credit borrowers that loaded up on debt when interest rates were low could face refinancing pressure as they approach maturity, according to investors speaking at a forum in Singapore on Thursday. Loans borrowed in 2021 and 2022 are particularly …

CFC said it has added to its Cyber Proactive Response (CPR) policy, introducing a series of enhancements including: new personal protections for senior executives of small to middle sized enterprises enhanced affirmative AI coverage extended indemnity period for business interruption …

The London Bullion Market Association’s certification program served as a “thick smokescreen” that enabled serious abuses at a Tanzanian gold mine where two men died, lawyers alleged at the start of a London trial that could threaten its existence. The …