Posts by Hometown Insurance

Jon Hancock, CEO of General Insurance at American International Group (AIG), will retire at the end of the year. The announcement is the newest change for AIG’s C-suite, which experienced a shake-up leading to Hancock’s latest role with the company. …

The US Justice Department is urging a federal judge to order the states and trade union challenging Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. to post a bond to cover any potential late fees that result …

Wind farm developer Vineyard Wind said on Wednesday it had resolved a legal dispute arising from turbine supplier GE Vernova’s effort to walk away from its $4.5 billion project in New England over claims it was owed more than $300 …

Over the course of the summer, Russian attacks have been pushing ever deeper into European territory. On Aug. 11, military divers destroyed two drones floating off the coast of Romania near a €4 billion ($4.7 billion) energy project. Nine days …

Severe weather disruptions will amplify food security risks in Asia, potentially triggering civil unrest and political instability in vulnerable countries such as India, Indonesia and the Philippines, according to consultancy Verisk Maplecroft. The warning comes as the war in Iran …

The catastrophic mountain flooding in Nepal that killed more than 1,300 people was driven by a complex web of climate and seismic processes that made it nearly impossible to predict, according to an international team of scientists. Rising global temperatures …

U.S. solar panel maker First Solar Inc said on Sept. 16 it would withdraw a patent infringement complaint before the U.S. International Trade Commission and instead focus on pursuing lawsuits in federal court against rivals over a leading solar technology. …

The U.S. House Financial Service Committee on Sept. 16 advanced a bill to limit the authority of the Consumer Financial Protection Bureau, which the insurance industry said has crept over the years into insurance regulation. Within the Consumer Financial Protection …

Rogue AI agents from OpenAI hijacked Hugging Face user accounts and probed the site itself for vulnerabilities as early as May, nearly two months before the July breach of the open-source repository drew global attention, according to researchers who reviewed …

A contractor and a south Florida condominium property manager have been charged in a kickback scheme. Richard Thomas Murray, 62, head of AP Construction Solutions, of Pompano Beach, was charged last week with providing $186,000 to Carlos Jose Mejia, property …