Posts by Hometown Insurance

A wildfire that destroyed nearly 1,100 homes and businesses in suburban Denver last winter caused more than $2 billion in losses, making it by far the costliest in Colorado history, the state insurance commissioner said. Commissioner Michael Conway provided the …

Facebook parent company Meta has been ordered to pay $10.5 million in legal fees to Washington state atop a nearly $25 million fine for repeated and intentional violations of campaign finance disclosure laws. King County Superior Court Judge Douglass North …

The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurer, announced that it will extend coverage to out-of-state employees for the first time. Under the initiative, any New York-based employer that has at least 50% of its …

Survivors of storms that pounded several U.S. states say the nation’s disaster aid system is broken and want reforms to get money into victims’ hands faster, with less red tape. On the 10th anniversary of Superstorm Sandy’s landfall at the …

The viral quiet quitting trend is taking hold in finance — once the industry with the most engaged workers, according to a new study. The share of workers who said they’re “very likely” or “extremely likely” to try their hardest …

The White House will host officials from 37 countries and 13 global companies in Washington this week to address the growing threat of ransomware and other cyber crime, including the illicit use of cryptocurrencies, a senior U.S. official said. The …

Twitter’s new owner Elon Musk has denied a New York Times report about laying off Twitter employees at a date earlier than Nov. 1 to avoid stock grants due on the day. In a response to a Twitter user asking …

When senior figures from the City of London gathered for a dinner in July at the historic Mansion House, they broke into applause for someone who was not there. John Glen had just resigned as the government’s City minister, citing …

Insured losses for the severe storms, which hit Southern Australia on Oct. 28-30, 2021, are estimated at A$972 million (US$623.1 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This fourth and final estimate dropped …

Brit Ltd., the London-based specialty insurer and reinsurer, announced that Matthew Wilson will be stepping down from his role as group CEO and will be succeeded by Martin Thompson, who will become the new group CEO and executive chairman of …