Posts by Hometown Insurance

China ordered an industrial park that houses an iPhone factory belonging to Foxconn 2317.TW to enter a seven-day lockdown on Wednesday, in a move set to intensify pressure on the Apple supplier as it scrambles to quell worker discontent at …

An “experienced” analyst working at the National Security Agency developed a surveillance project about a decade ago that resulted in the unauthorized targeting and collection of private communications of people or organizations in the US, newly unearthed documents show. An …

Allstate Corp. said it recorded a third quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago during the same time. Allstate’s Q3 combined ratio was an unprofitable 111.6 – …

Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, causing thousands of homeowners to avoid needed flood insurance. “In fact, only about 4% …

In an Executive Order dated September 25, California Gov. Gavin Newsom directed all agencies of state government to double down on their efforts to address climate change. The governor, state agencies and the Legislature are spending billions of dollars in …

Harvard University’s failure to notify its insurer by the policy deadline has cost it up to $15 million in insurance coverage to help it defray costs related to its ongoing defense of its affirmative action admissions program. U.S. District Judge …

Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance facility for the Black Sea grain corridor, the facility’s lead underwriter said on Wednesday after Russia announced it would resume its participation in the accord. “In response …

Alliant Insurance Services has acquired New Jersey-based Trivedi Capacity Associates, further expanding its reach in the community association and condominium association underwriting space. Central to the acquisition is Trivedi’s HARP risk purchasing group, which provides a range of targeted insurance …

A Missouri state employee has been indicted on three federal felony charges and accused of using her position to send about $140,500 in unearned unemployment benefits to friends, relatives and others. According to the indictment, Vicky Hefner, 63, of Jefferson …

Net income at CNA Financial Corp. was down 50% for third quarter of 2022 compared to the prior year quarter, while property/casualty core income grew on improved underwriting performance. The insurance holdings company reported net income of $128 million for …