Posts by Hometown Insurance

A lack of bad weather isn’t always a good thing. It looks like the 2025 Atlantic hurricane season is wrapping up in quiet fashion—aside from Hurricane Melissa, which caused catastrophic damage in Jamaica before impacting the surrounding area—without any U.S. …

Trafigura lawyers accused Prateek Gupta of having had a history of fraudulent dealings before he allegedly organized a $600 million metals scam with the commodity group, as the Indian businessman gave evidence for the first time on Wednesday. Gupta acknowledged …

OpenAI defended itself against a lawsuit accusing ChatGPT of coaching a 16-year-old to kill himself, saying the chatbot directed the teenager to seek help more than 100 times. In a court filing Tuesday, the artificial intelligence startup called the death …

Insurers in the UK detected £1.16 billion (US$1.5 billion) worth of fraudulent insurance claims in 2024 – a 2% increase from £1.14 billion reported during the previous year, according to the Association British Insurers. Insurers uncovered at least 98,400 fraud-related …

Pennsylvania Gov. Josh Shapiro and leaders of Philadelphia’s mass transit agency said Monday that the system is fully complying with federal orders to take measures to help prevent fires in an aging electric railcar model that is heavily used in …

Allianz SE is in talks about potential job cuts at its assistance and travel insurance subsidiary Allianz Partners as it seeks to use more artifical intelligence. The cuts will likely affect call center positions, the person said, declining to be …

Africa Specialty Risks (ASR), a re/insurance group that focuses on developing markets, announced the launch of Lloyd’s Syndicate 2454 in South Africa. Based in Sandton, ASR’s syndicate underwriters will underwrite insurance and reinsurance risks in South Africa and neighboring countries, …

The Trump administration’s latest attempt to isolate Nicolás Maduro’s government further complicates day-to-day operations for foreign oil companies in Venezuela, experts say. On Monday, the administration designated Cartel de los Soles as a foreign terrorist organization that it says is …

Poland’s deputy prime minister said he expects Russia to escalate its sabotage activities in the country following an explosion on a busy rail route to Ukraine for which authorities blame Moscow. Krzysztof Gawkowski told Bloomberg News that the NATO member’s …

This year’s Atlantic hurricane season was marked by contrasts, according to the National Oceanic and Atmospheric Administration (NOAA). From intense bursts of activity to relative calm, the season will end on November 30 with activity falling within the agency’s predicted …