Posts by Hometown Insurance
TransUnion Says 4.4 Million Consumers’ Data Compromised in Hack
Credit bureau TransUnion said Thursday that more than 4 million people’s data was exposed in a recent hack involving an unidentified third party. In a letter dated earlier this week and posted to the website of Maine’s attorney general, the …
Read More Human Screwworm Case Poses No Risk to Agriculture, Says USDA Official
The human case of screwworm reported this week by U.S. health officials is the country’s only one so far this year and poses no risk to the farm sector, a U.S. Department of Agriculture official said on Tuesday. Screwworm, a …
Read More Judge to Approve Syracuse Diocese’s $176M Bankruptcy Plan
The Catholic Diocese of Syracuse reports that the federal judge overseeing its bankruptcy proceedings has indicated she will approve the latest reorganization plan with a $176 million fund to pay sexual abuse claimants. The fund will include $100 million from …
Read More Wife Sues Hospital Over Husband’s Death From Legionnaires’ Disease
The wife of a man who died from Legionnaires’ disease has filed a wrongful death and negligence suit against the Massachusetts hospital where he was a patient when he contracted the disease and the company responsible for the hospital’s water …
Read More Hurricane Remnants Threaten Swiss Alps With Floods, Landslides
The remnants of Hurricane Erin will contribute to torrential rain across the Swiss Alps over the next two days, raising the risk of dangerous flooding and landslides. Switzerland’s state forecaster has issued the highest red alerts for parts of Ticino …
Read More South Korea Agency Fines SK Telecom $97 Million Over Major Data Leak
South Korea’s SK Telecom was fined on Thursday about 134 billion won ($96.53 million) after the country’s largest mobile carrier suffered a cyberattack this year causing the leak of data for nearly 27 million users. The government-run Personal Information Protection …
Read More Anthropic Thwarts Hacker Attempts to Misuse Claude AI for Cybercrime
Anthropic said on Wednesday it had detected and blocked hackers attempting to misuse its Claude AI system to write phishing emails, create malicious code and circumvent safety filters. The company’s findings, published in a report, highlight growing concerns that AI …
Read More Viewpoint: Why Reinsurance Industry Often Struggles to Manage Market Cycles
“We must maintain underwriting discipline.” This phrase is arguably the most repeated mantra in the reinsurance industry over the past two years, and you will struggle to find anyone in the market who would disagree with that idea. The reality, …
Read More Cyber Outlook Report Finds Gaps, Outlines Holistic Approach to Protections
As the cyber market matures, it’s increasingly evident that fighting off cyberattacks is going to be an ongoing team effort. Brokers, carriers, cybersecurity organizations and insureds all play a role, from security to training to assessing adequate coverage. According to …
Read More WV Commissioner Wants Input on What Coverages Should Be on Surplus Lines List
The West Virginia Office of the Insurance Commissioner is aking for input on what coverages and classes should be on the surplus lines export list. In keeping with state law, agents and brokers hoping to place types of coverage that …
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