Posts by Hometown Insurance

Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs. The preliminary all-cash settlement filed on …

A judge has approved a $230 million lawsuit settlement by the owners of a pipeline that spilled more than 140,000 gallons of crude oil into the ocean off California in 2015, lawyers announced. A federal judge in Los Angeles gave …

Pinnacol Assurance in Denver, Colorado, named Wes Parham vice president of public affairs. Parham will have responsibility for legislative strategy, lobbying efforts, community relations and external advocacy. Parham is an experienced government relations executive with relationships throughout the key regulatory, …

Nationwide Agency Forward survey showed 40% of small business owners surveyed expect a cyberattack to cost less than $1,000 and another 60% think it would take less than three months to fully recover. However, Nationwide claims data shows cyber claims …

Marsh McLennan said today that John Q. Doyle will take over as president and CEO effective January 1, at which point current CEO Daniel S. Glaser will retire. Doyle, 58, was promoted to group president and chief operating officer of …

The Vermont Supreme Court has kept alive a COVID-19 business interruption loss claim by major shipbuilder against a group of reinsurers. The state’s high court ruled that the case brought by Huntington Ingalls Industries Risk Management and its captive insurer …

Australia plans to toughen privacy rules to force companies to notify banks faster when they experience cyber attacks, Prime Minister Anthony Albanese said on Monday, after hackers targeted the country’s second-largest telecoms firm. Optus, owned by Singapore Telecoms Ltd., said …

Global financial firms, still smarting from multi-billion-dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co. and UBS Group …

Typhoon Noru battered the Philippines’ main Luzon island, killing five rescuers and leaving millions of people without electricity. The fatalities were recovered from a flooded area in Bulacan province north of Manila, according to a local police report. The entire …

Fiona, the most powerful storm of this year’s Atlantic hurricane season, roared ashore in eastern Nova Scotia early Saturday as one of the strongest systems ever to hit the region, knocking out power, toppling trees and forcing residents to flee. …