Posts by Hometown Insurance

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of National Unity Insurance Company …

The father of a teenager who died by suicide this spring delivered emotional congressional testimony, alleging OpenAI’s ChatGPT “groomed” his 16-year-old son to take his own life and the company prioritized speed and market share over youth safety. “We’re here …

Bank of England Governor Andrew Bailey said on Monday that he and other regulators who oversee the financial services industry should use artificial intelligence to help them spot problems among the firms that they supervise. “I think we’ve all got …

Tokio Marine Kiln (TMK), the Lloyd’s specialist insurer, announced the launch of its enhanced “Cyber Ctrl” cyber product suite. This cyber risk solution features new products and wordings, including Professional Ctrl for technology, media and errors & omissions (E&O), as …

Students should be banned from using cell phones in school, parents should delay their child’s access to social media, and social media companies should restrict access for users younger than 16. Those are among the recommendations of the New Jersey …

China’s cyberspace regulator summoned ByteDance’s news platform Toutiao and Alibaba’s internet browser operator UCWeb over content violations, making them the latest companies to be targeted by a government crackdown on user behavior online. Both platforms were recently penalized for content …

Nationwide may not have felt much change in the construction sector during the first half of 2025, but there are now some signs of shifting due to the unknowns of tariffs. “[We’re] definitely started to see a little of the …

The Trump administration linked Tylenol to autism and urged pregnant women to avoid the common pain medication despite the lack of widely accepted scientific evidence supporting the risk. “So taking Tylenol is not good — I’ll say it — it’s …

Hong Kong is facing a night of destructive winds and drenching rain as Super Typhoon Ragasa tracks toward the financial hub, potentially becoming the most damaging storm since Mangkhut in 2018. The typhoon is packing top sustained winds of 220 …

Cybercriminals are taking greater risks by hitting high-profile targets to get bigger payoffs and boost their online reputational clout, cybersecurity experts said, after a weekend hack crippled airport check-in systems across Europe and stranded thousands of passengers. The European Union’s …