Posts by Hometown Insurance

The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in Russian crude. As Western shipping and maritime services firms steer clear of Russian oil to avoid falling foul of …

Russia’s No. 2 bank VTB was hit by the largest cyber attack in its history, it said on Tuesday, warning of temporary difficulties in accessing its mobile app and website, but assuring customers that their data remained safe. State-owned VTB …

Sunshine Insurance Group Co. is leaning toward pricing its Hong Kong initial public offering at the bottom of its marketed range, according to people familiar with the matter. The Beijing-based firm is weighing whether to sell 1.15 billion new shares …

Oil shipments from Russia and Kazakhstan are getting ensnared in a Turkish government rule to provide proof that tankers are insured when navigating the vital Bosphorus and Dardanelles shipping straits. The measure, which came into force on Friday, compels ships …

High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody’s Investors Service to change their outlook for the global property/casualty sector from stable to negative, the rating agency said. In a report published on …

A Florida man drove his SUV into a fireworks store last week, sparking a huge fire in a crash that destroyed the building, authorities said. The driver was killed. The 53-year-old driver had rear-ended another vehicle before plowing into the …

Neptune Flood Insurance, based in St. Petersburg, Florida, has named Matthew Duffy chief risk officer, after he spent 18 months as the firm’s director of risk management and internal audit. Duffy, a certified internal auditor, financial risk manager and anti-money …

Tougher penalties for certain types of arsons and large-scale thefts at stores in North Carolina are among all or portions of 10 new state laws approved by the General Assembly this year that will take effect on Thursday. The enacted …

Two children died and two adults were injured last weekend in a house fire in Salisbury, North Carolina. The Salisbury Post reported Saturday that the Salisbury Fire Department and Rowan County Emergency Services were called to a home at about …

A jury in Maine awarded a now-retired state trooper $300,000 Friday after finding that the state police retaliated against him when he raised concerns about the agency’s intelligence gathering work. George Loder, 53, filed a whistleblower lawsuit alleging that he …