Posts by Hometown Insurance
UK’s Legal & General Says Energy Transition Is ‘Alive and Well’
Investors are underestimating the pace of the energy transition, putting both financial returns and climate goals at risk, according to Legal & General Group Plc. In a report published Monday, the UK insurer and asset manager warned against what it …
Read More People Moves: Maine Insurance Superintendent Carey Retires
Superintendent Robert Carey retired from the Maine Bureau of Insurance (BOI) on June 5, the Department of Professional and Financial Regulation announced. Deputy Superintendent Tim Schott has been named acting superintendent. Nominated by Governor Janet Mills as superintendent in 2024, …
Read More Trump Approves $700 Million in Bid to Revive Coal Industry
President Donald Trump said he would marshal hundreds of millions of US taxpayer dollars behind his bid to revitalize the coal industry in America, steering funds to build new power plants, sustain existing operations and construct an export terminal in …
Read More Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea
The Houthis, an Iran-backed militant group that controls much of Yemen, declared a ban on Israeli ships in the Red Sea, threatening a key bypass route to the Strait of Hormuz. “We declare a complete and total ban on Israeli …
Read More Iran and Israel Trade Missile Attacks, Straining Peace Talks
Israel and Iran exchanged missile strikes on Monday despite President Donald Trump’s calls for both sides to stop fighting and give peace talks a chance. Iran launched a fresh wave of attacks just hours after firing ballistic missiles at Israel …
Read More Merck to Settle Bulk of Gardasil Suits for About $50 Million
Merck & Co. says it will settle a spate of lawsuits that blame the drugmaker’s blockbuster Gardasil cancer vaccine for causing autoimmune ailments that affect young women’s hearts and reproductive systems for an amount that is “not material” to the …
Read More Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk
When Mitesh Parikh, a headhunter at UK recruiter Selby Jennings, started looking for an ILS modeler for a large US hedge fund this year, the pool of qualified candidates was disconcertingly small. “It was a tough search,” says Parikh, who …
Read More Paramount to Face Legal Challenge From States on Warner Deal
The top lawyers for several states are drafting a legal challenge to Paramount Skydance Corp.’s $110 billion deal to buy Warner Bros. Discovery Inc., laying the groundwork for an antitrust suit over the Hollywood mega-deal. After investigating for months whether …
Read More Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs
A longtime Atlanta-area insurance agent has been indicted and arrested after allegedly keeping premium payments and issuing fake certificates of insurance. Charles Curtis Poteet IV, of Duluth, Georgia, was indicted in late May by a Gwinnett County grand jury, and …
Read More California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
A California mortgage servicer is paying $4.6 million to settle allegations it violated mortgage servicing and debt collection laws during the pandemic. The settlement between Select Portfolio Servicing, a large sub-prime mortgage servicer, and California Attorney General Rob Bonta, includes …
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