Posts by Hometown Insurance

Britain’s banking stability watchdog has fined U K Insurance Ltd., now part of Aviva, 10.6 million pounds ($14.2 million) over a miscalculation in its Solvency II balance sheet for 2023 and 2024. The Prudential Regulation Authority (PRA), part of the …

UBS urged a U.S. judge on Tuesday to shield it from new Holocaust-related litigation arising from an investigation of the former Credit Suisse’s activities during World War II. A lawyer for UBS asked U.S. District Judge Edward Korman in Brooklyn …

Multiple government agencies and the U.S. Coast Guard have been responding to a barge fire in the Delaware Bay since 8:20 a..m. yesterday. The barge is carrying salvage metal and has been moved to shallow water where it can be …

Data, said CRC Group CEO Dave Obenauer, is a more critical part of insurance than ever, with artificial intelligence leading to greater client coverage outcomes. Speaking recently at Zywave’s Casualty Insights Conference in New York, Obenauer said the casualty market …

If all goes according to plan for the nation’s second-largest sovereign wealth fund, a barren stretch of desert in Albuquerque’s plains will soon become a research center where scientists replicate nuclear fusion — the process that powers the sun and …

Almost one year ago, an Alabama dentist was captured on surveillance video setting fire to his dental office in Evergreen, triggering an explosion that destroyed the building and slightly injured the dentist. Last week, Dr. Douglas P. O’Connor was sentenced …

A Virginia boater is suing a Washington water utility for negligence in the collapse of a pipe that leaked millions of gallons of raw sewage into the Potomac River. The class action lawsuit filed Friday in U.S. District Court in …

A move to allow Florida voters to decide if recreational marijuana should be legal in the state won’t be appearing on ballots anytime soon. The Florida Supreme Court this week declined to hear a petition from Smart & Safe Florida. …

Florida lawmakers who say they want to encourage construction of more affordable housing are trying to strip away powers Miami has used for decades to keep developments, strip malls and warehouses out of the Everglades. A land-use bill, HB 399, …

The UK Navy said three vessels were hit with suspected projectiles in the Strait of Hormuz and Persian Gulf on Wednesday, as the conflict in the region continues to menace shipping. The targets, none of which were identified, include a …