Posts by Hometown Insurance

Italy’s biggest insurer Generali and French banking group BPCE are likely to abandon plans to merge their asset management businesses by letting a year-end deadline lapse without a binding agreement, three sources said. The sources, briefed on the process, spoke …

The European Court of Human Rights on Tuesday ruled in favor of Norway’s government in a climate lawsuit brought by young activists who claimed the country’s policy of Arctic oil exploration had put their future at risk. Norway is western …

A federal judge dismissed a proposed class action lawsuit accusing Mondelez International of deceiving consumers into overpaying for Clif bars that were labeled “climate neutral certified.” U.S. District Judge Manish Shah in Chicago found nothing wrong with labels for Clif …

California Commissioner Ricardo Lara is proposing a regulation aimed at mitigating rising insurance costs and safeguarding the state’s insurance market from catastrophic risks and technological threats. Lara’s Long-Term Solvency Regulation is aimed at providing the California Department of Insurance enhanced …

Investors in Jamaica’s catastrophe bond now face a potential full payout scenario, meaning the entire value of the bond will likely go toward covering the cost of Hurricane Melissa.That’s according to Florian Steiger, chief executive of Icosa Investments AG, a …

The Oklahoma Insurance Department (OID) announce that its Fire Protection Classification Division saved homeowners approximately $22 million in insurance premiums in 2024. Classification ratings are based upon Verisk’s “Fire Suppression Rating Schedule,” general criteria of the National Fire Protection Association, …

Thomas Evans, Jr. of Biglow & Company, Inc, (Assured Partners) in Fox Lake, Illinois, has been elected and formally installed as the President of Big I Illinois at the organization’s annual convention in Peoria earlier this month. He will serve …

EPIC Insurance Brokers & Consultants announced it is expanding its Chicago and Midwest footprint with the acquisition of Price Insurance, a fourth-generation, family-owned agency based in Lake Forest, Illinois. The addition enhances EPIC’s Private Client practice by bringing Price’s deep …

The makers of Tylenol, Johnson & Johnson JNJ.N and Kenvue KVUE.N, were sued on Tuesday by Texas Attorney General Ken Paxton, who accused them of knowingly hiding the drug’s links to autism and attention deficit hyperactivity disorder. Paxton, a Republican, …

The U.S. Chemical Safety and Hazard Investigation Board is deploying investigators to Tennessee this week, now that federal ATF teams have completed much of their work at a military explosives plant that blew up Oct. 10 and killed 16 people. …