Posts by Hometown Insurance

Amazon sued Perplexity AI on Tuesday over the startup’s “agentic” shopping feature, which uses automation to place orders for users, saying it covertly accessed Amazon customer accounts and disguised automated activity as human browsing. The clash highlights an emerging debate …

French judicial authorities said on Tuesday they had opened an investigation into Chinese social media platform TikTok and the risks of its algorithms pushing young people into suicide. Paris prosecutor Laure Beccuau said the probe was in response to a …

British retailer Marks & Spencer reported a 55.4% slide in first-half underlying profit, reflecting the impact of an April cyber hack that forced it to suspend online clothing orders for seven weeks and also hit food availability. M&S, one of …

EU climate ministers agreed a 2040 climate change target in the early hours of Wednesday after watering down the goal in last-minute negotiations, as they raced to clinch the deal before the U.N. COP30 summit in Brazil. After negotiating late …

Typhoon Kalmaegi killed at least 66 people in the Philippines with dozens more missing, an official said on Wednesday, as the country braces for a new storm. The deadliest typhoon to hit the Southeast Asian nation this year also displaced …

From global banks to alternative fund managers, more senior financiers are joining a growing chorus warning of cracks in private credit. TCW Group Inc.’s Chief Executive Officer Katie Koch told a forum in Hong Kong on Wednesday that she’s “very …

UK Chancellor of the Exchequer Rachel Reeves will meet CEOs from top insurers in Downing Street on Wednesday, as she seeks to encourage more investment in the City ahead of a tricky budget later this month. The meeting, whose attendees …

The US Food and Drug Administration’s lead drug regulator George Tidmarsh resigned two days after being placed on administrative leave over personal conduct concerns, according to the US Department of Health and Human Services. The resignation comes the same day …

The Georgia Court of Appeals this week handed down multiple decisions, three of which could indirectly affect property and liability insurance coverage in the state for years to come. In a case over a deliberately set Atlanta apartment complex fire …

Severe weather events are increasing in New York and certain types of events, including thunderstorm-related damaging wind and flash flooding, are also increasing, according to a new report from State Comptroller Thomas P. DiNapoli. Since 1998, New York State has …