Posts by Hometown Insurance

Vesttoo Ltd. said on Tuesday its valuation has more than tripled to $1 billion after the insurance risk transfer platform secured $80 million in late-stage funding at a difficult time for private companies to raise capital. The series C round …

Government plans to cut greenhouse gas emissions aren’t enough to avoid catastrophic global warming, with the planet on track to heat up between 2.1 and 2.9 degrees Celsius by the end of the century compared to pre-industrial times, according to …

A former Barclays banker has raised a claim for damages against the bank over sexism and a failure to adjust her working hours to about 4 million pounds ($4.6 million) from 560,000 pounds, a court document seen by Reuters on …

John C. France’s workers’ compensation claim cleared the way for Arizona first responders to receive workers’ compensation benefits for post-traumatic stress syndrome. But the former Gila County Sheriff’s Office sergeant cannot pursue a bad faith claim against the Arizona Counties …

Ping An Insurance (Group) Co., China’s second-largest insurer by market value, said profit dropped 6.3% in the first nine months as a slump in the stock market hurt investment returns and an economic slowdown hampered sales. Net income fell to …

ALBUQUERQUE, N.M. (AP) – Manuel and Marcy Silva combed through the charred rubble that used to be their home, searching for any salvageable bits in the wake of the largest wildfire in New Mexico history. Manuel found two of his …

Newfront appoints Talmanson to Lead Property and Casualty Team Industry veteran Michael Talmanson is leading the new property and casualty team at the Boston headquarters for Newfront, a tech-enabled, full-service brokerage. Talmanson, executive vice president and founding partner of the …

Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative” from “ratings under review” amid concerns over the firm’s accelerated asset sales. The downgrade to B2 from B1 followed the …

Flexsteel Industries Inc. has agreed to a consent decree that requires it to pay $9.8 million for the cleanup of contamination at the Lane Street Ground Water Contamination Superfund Site (Lane Street Site) in Elkhart, Indiana, and to reimburse the …

After seven weeks in which Britain’s reputation for financial credibility has been rocked by political missteps, senior finance executives have given new prime minister Rishi Sunak a cautious welcome. Sunak is a known quantity to Britain’s banks, asset managers and …