Posts by Hometown Insurance
US Home Insurance Prices Set to Keep Rising With Severe Weather
US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected to increase 4% to about $3,057 this …
Read More Proscecutor Drops Charges Against Teen in Georgia Prank Gone Wrong
A Georgia prosecutor has decided to drop charges against a teenager who police say was driving the truck that struck and killed a beloved high school teacher when a prank turned deadly, the teen’s lawyer said. The victim’s family had …
Read More Iran Warns Gulf Nations of Major Response After Gas Field Strike
ran warned countries around the Persian Gulf that a number of energy assets are now “legitimate targets” after Israel attacked its giant South Pars gas field, sending further shockwaves through oil and gas markets. Facilities in Qatar, Saudi Arabia and …
Read More Rikers Island Corrections Officer Cops to Falsifying Workers’ Compensation Claims
A corrections officer at the Rikers Island jail complex pled guilty yesterday to receiving more than $370,000 in workers’ compensation benefits based on fake injury claims, according to federal prosecutors. U.S. Attorney for the Southern District of New York Jay …
Read More Greek Firms Scan Computer Systems as Iran War Raises Cyberattack Risks, Sources Say
Greek shipowners and other companies are scanning their computer systems for evidence of cyberattacks after advice from the National Cybersecurity Authority, two sources said on Wednesday following incidents that have been linked to the Iran war. The authority last week …
Read More Gulf Banks Face $307 Billion Deposit Flight Risk if War Worsens, S&P Says
Gulf banks could face domestic deposit outflows of $307 billion if the Middle East conflict deepens, S&P Global Ratings said. An S&P report said it had seen no evidence of major outflows of foreign or local funding from banks in …
Read More Iran War Cost Spike Straining Farmers Ahead of Midterm Elections
US farmers, long one of Donald Trump’s most loyal constituencies, are increasingly worried by the Iran war as soaring fertilizer and fuel prices hammer them just as they are about to start planting crops for the year. “Is the war …
Read More SEC’s Top Cop Resigns After Just Six Months on the Job
The U.S. Securities and Exchange Commission’s enforcement director has resigned just over six months after she started on the job, the SEC said on Monday, a sudden departure for an agency that has changed dramatically under Republican leaders. Former military …
Read More Onex CEO Le Blanc Channels Buffett With Big Bet on Insurance
Onex Corp. made a big bet on an insurance startup, and it didn’t take long for the losses to mount. First there was the pandemic, then a deep freeze in Texas. In 2022, Hurricane Ian ripped across the Caribbean and …
Read More Germany Seeks Doubling of AI Data Centers by 2030
Germany plans to encourage investments in data centers to at least double domestic capacity and to boost artificial intelligence data processing at least fourfold by 2030, the government said on Tuesday. In a bid to catch up with the dominant …
Read More