Posts by Hometown Insurance
Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access
Sompo Holdings, a subsidiary of Sompo International Holdings, said it has an agreement in place to acquire Aspen Insurance Holdings for about $3.5 billion to further its geographical reach outside of its home territory. Tokyo-based Sompo early this year announced …
Read More OpenAI, Altman Sued Over ChatGPT’s Role in Teen’s Suicide
The parents of a teen who died by suicide after ChatGPT coached him on methods of self harm sued OpenAI and CEO Sam Altman on Tuesday, saying the company knowingly put profit above safety when it launched the GPT-4o version …
Read More Trump Tariffs Pile Pressure on Europe’s Industrial Base
When the Washington Commanders’ quarterback Marcus Mariota landed a last-second touchdown pass to clinch victory against the Dallas Cowboys in January, it’s unlikely devastated Cowboys fans were thinking about turf underlay, or the small Dutch town where it’s made. Privately …
Read More EU Auto Groups Press for Change to ‘No Longer Feasible’ Car CO2 Emission Targets
European Union targets to cut CO2 emissions from vehicles, including a 100% reduction for cars by 2035, are no longer feasible, the heads of the European automobile manufacturers’ and automotive suppliers’ associations said on Wednesday. European Commission President Ursula von …
Read More Apple Watch Not a ‘CO2-Neutral Product,’ German Court Finds
Apple can no longer advertise its Apple Watch as a “CO2-neutral product” in Germany, following a court ruling on Tuesday that upheld a complaint from environmentalists, finding that the U.S. tech company had misled consumers. Apple had promoted the device …
Read More When Luck Runs Out: Where $100B Hurricanes Might Happen
Lists published every hurricane season, adjusting the amounts of insurance losses for past events for inflation to current-dollar levels, give a misleading picture of the potential for a single event costing insurers $100 billion. Karen Clark & Company (KCC) offered …
Read More Anthropic Settles Class Action From Authors Alleging Copyright Infringement
Artificial intelligence company Anthropic said in a court filing on Tuesday that it has resolved a class action lawsuit from a group of U.S. authors who argued that its AI training infringed their copyrights, marking the first settlement in a …
Read More Woman Sentenced After Pleading to Arson in Six Fires in North Carolina
A North Carolina woman was sentenced to as much as 12 years in prison after she pleaded guilty to setting six fires in Onslow County, on the state’s southeast coast. Chasity Dawn Keeter, 37, of Jacksonville, pleaded guilty to five …
Read More Wealthspire Acquires California-Based Marin Financial Advisors
Wealthspire Advisors LLC, an NFP company, has entered into an agreement to acquire Marin Financial Advisors in Larkspur, California. Marin Financial Advisors has provided individuals and families with financial services since 1987. The firm is led by Principal Colin Drake, …
Read More Grange Insurance Association Seeks to Form Mutual Holding Company in Washington
Grange Insurance Association has submitted an application to the Washington State Office of the Insurance Commissioner to convert to a mutual holding company structure. The plan calls for two new parent entities to be formed, Granwest Mutual Holding Company and …
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