Posts by Hometown Insurance
Evergrande Liquidators Seek $8.4 Billion From PwC International in Hong Kong Court
China Evergrande’s liquidators are seeking 57 billion yuan ($8.4 billion) in their lawsuit against PricewaterhouseCoopers International Ltd. and its mainland China and Hong Kong affiliates, among the largest corporate claims ever sought in the city. Of the total amount, liquidators …
Read More UK Firms Should Take Steps to Limit Risks From Frontier AI Models, UK Says
British companies should take steps to plan for and mitigate risks from new artificial intelligence models, the country’s finance ministry, the Bank of England and the Financial Conduct Authority regulator said on Friday. “The cyber capabilities of current frontier AI …
Read More Disaster Resilience Investment Has Touched $100 Billion in Asia
Governments, investors and banks have poured about $100 billion into efforts to handle the effects of climate change in Asia in the past five years, with water and infrastructure projects attracting the majority of the capital. More than 90% of …
Read More Consumers Sue Amazon for Not Refunding Trump Tariff Costs
Amazon.com Inc was sued on Friday by consumers seeking refunds for costs passed on to them in the form of higher prices as a result of tariffs the U.S. Supreme Court later concluded had been unlawfully imposed by President Donald …
Read More Snap, YouTube, TikTok Settle School Suit Targeting Social Media
Snap Inc., Google’s YouTube and ByteDance Ltd.’s TikTok reached agreements to settle the first lawsuit headed to trial over claims that addiction to top social media platforms has disrupted learning and pushed public schools to spend massive sums fighting a …
Read More People Moves: Artificial Labs Appoints Joost to Lead US Expansion; Longbrook Names Sherry Head of Transactional Liability
Artificial Appoints Joost as President Leading US Expansion Artificial Labs (Artificial), headquartered in London, appointed Eric Joost as president, leading its U.S. expansion. Joost joins Artificial’s leadership team, supporting the overall business. He will be responsible for shaping the company’s …
Read More Safepoint Exec Pay, Slide’s Stock Sell-Offs Getting Attention in Florida
When Tampa-headquartered Slide Insurance filed for an initial public offering in June 2025 and disclosed executive compensation topping $40 million, it triggered some sniping and some intense scrutiny of the Florida property insurance industry that continues a year later. In …
Read More Study: California Workers’ Comp Claim Costs Continue to Rise
California’s workers’ compensation system continues to experience moderate but persistent cost growth due to wage increases, labor market conditions, rising medical expenses and system complexity. Payments per claim in California’s workers’ comp system have risen steadily since 2021, according to …
Read More Maine Mourns 27-Year-Old Firefighter Killed in Lumber Mill Explosion
A 27-year-old firefighter killed in a huge fire and explosion at a lumber mill in Maine’s midcoast region was honored Saturday, a day after the incident that injured at least 11 others. A memorial of flowers dedicated to Andrew Cross …
Read More Walmart to Pay $230K in Illinois Disability Hiring Discrimination Settlement
Walmart agreed to pay $230,000 and furnish other relief to settle a disability hiring discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s suit, a deaf applicant applied online for …
Read More