Posts by Hometown Insurance

Hedge funds speculating on wildfire insurance claims in California were just dealt a legal blow, after the state adopted new legislation designed to stifle such bets. Under the law, approved last month by California Governor Gavin Newsom, alternative investment managers …

Chaucer Group, the global specialty re/insurance group, announced the launch of Vanguard, a comprehensive cyber risk management and insurance solution designed to protect organizations in the face of an evolving threat landscape. This new primary business policy focuses on complex …

Russian warships have repeatedly sailed on collision courses, aimed weapons at Danish naval vessels and disrupted navigation systems in Denmark’s straits that connect the Baltic Sea to the North Sea, its defense intelligence service said on Friday. Such incidents risk …

India’s government has begun early-stage talks with local insurers about designing a nationwide climate-linked insurance program aimed at simplifying the payout process after extreme weather events such as heatwaves and floods. The scheme would adopt a parametric insurance model, where …

Malaysia’s financial services firm MBSB Bhd will provide MYR1.3 billion ($309 million) in funding to support the expansion of Weststar Aviation Services Sdn Bhd, the aviation arm of The Weststar Group, the Edge newspaper reported Friday, citing a statement. The …

Kendra Kay loved growing up in the quiet of West Texas. She enjoyed the peacefulness brought in by the open lands. She appreciated how everyone in her community had a purpose and contributed to their way of life. She never …

A Delaware judge said former Activision Blizzard officials including Chief Executive Bobby Kotick must face most of a lawsuit alleging they shortchanged shareholders when Microsoft bought the “Call of Duty” game maker for $75.4 billion. Chancellor Kathaleen McCormick of the …

Executives at large organizations are being extorted by a notorious ransomware group, which claims to have stolen data from them via Oracle Corp.’s popular E-Business Suite applications, according to a Google cybersecurity executive and three others familiar with the matter. …

After Paola Freites was allowed into the U.S. in 2024, she and her husband settled in Florida, drawn by warm temperatures, a large Latino community and the ease of finding employment and housing. They were among hundreds of thousands of …

A toxic cloud of chemicals was released from an industrial site near Cocoa Beach last week, but authorities said no one was seriously injured, and the leak has been repaired. Florida Today and other news outlets reported that about 10 …