Posts by Hometown Insurance
Administration Backs Off Bid for Atlantic Oil Drilling, But Gulf Still on Table
The Trump administration is ruling out selling offshore oil and gas leases along the US East Coast, after its initial plan for auctioning them drew alarm from Republican strongholds in the Southeast. The shift in thinking comes after the White …
Read More US Appeals Court Revives $2.5 Billion Opioid Lawsuit in West Virginia
A U.S. appeals court on Tuesday revived a $2.5 billion lawsuit against drug distributors accused of contributing to an opioid addiction crisis in West Virginia communities, overturning a 2022 victory at trial by the largest drug suppliers in the U.S. …
Read More Court Dismisses Securities Fraud Charges Against Fashion Designer Cole’s Brother
The brother of designer Kenneth Cole says he was vindicated on Monday by a federal appeals court’s decision to overturn his criminal fraud conviction. Neil Cole said he’s been fighting over a decade to clear his name after federal authorities …
Read More Uber Taking on Waymo in San Francisco With Lucid, Nuro Robotaxis
Uber Technologies Inc. is preparing to offer driverless rides on vehicles developed by Lucid Group Inc. and Nuro Inc. in the San Francisco Bay Area for the first time next year, thrusting the company into direct competition with Waymo’s robotaxi …
Read More Arthur J. Gallagher & Co. Acquires Safe T Professionals in Arizona
Gallagher Bassett acquired 100% of Chandler, Arizona-based Safe T Professionals LLC. Gallagher Bassett previously held a minority investment in the business. Anna Martinez, Joshua Martinez and their team will remain in their current location under the direction of Jim Bond, …
Read More Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
Hurricane Melissa made landfall in Jamaica as a powerful category 5 storm – a record for the Caribbean island nation — which brought storm surge, torrential rain, strong winds and massive damages. Melissa made landfall near New Hope, Jamaica, at …
Read More Hurricane Melissa Makes Cuba Landfall After Lashing Jamaica
Hurricane Melissa made landfall in Cuba less than a day after it became the strongest recorded storm to strike Jamaica, where it left hundreds of thousands without power and forced hospitals to evacuate. Melissa crossed the coast in eastern Cuba …
Read More People Moves: Tassone Jr. Promoted to AM Specialty CEO; Canopius Names Leftwich US Head of Strategy; FM Hires Erbig as CFO
Tassone Jr. Promoted to CEO of AM Specialty Dominick Tassone Jr. was promoted to CEO of AM Specialty Insurance Company (ASIC U.S.), effective Jan. 1, 2026. Since joining AM Specialty Insurance Group in 2023 as chief underwriting officer, Dominick has …
Read More UN Sees World’s Emissions Falling 10% by 2035, Far Short of 60% Goal
Global emissions of planet-warming greenhouse gases are expected to fall by about 10% by 2035, compared with 1990 levels, representing the first decline ever forecast by the United Nations. But the world remains well off course to keeping global warming …
Read More Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24
As a group, the top 50 global property/casualty insurers grew premiums by 8.3% in 2024, but four of them, individually, grew by more than 20%, including Progressive which vaulted into the top five. S&P Global Market Intelligence published its list …
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