Posts by Hometown Insurance

States have secured about $720 million in settlements from eight pharmaceutical companies accused of fueling the opioid epidemic. The settlement was achieved as part of a nationwide collaborative effort by state attorneys general. Individual states’ ultimate shares of the $720 …

After Outlook users ran into issues accessing their email accounts late Wednesday and into Thursday, Microsoft says that affected systems are back online. Microsoft 365 first said that it was investigating an issue with Outlook Wednesday night, and later shared …

By segmenting retail brokers into tiers using premium volume, profitability and strategic alignment as factors to define top tiers, carriers can start to win more business, according to a new consulting firm report. The report, How Insurers Can Win More …

This edition of International People Moves details appointments at the broker Consilium and Everest’s International Insurance Operation. A summary of these new hires (and one exit) follows here. Consilium Taps Carpenter’s Coleman for C-Suite, as Co-CEO Baird Is Removed Consilium, …

A New York state law holding gun manufacturers potentially liable when their weapons are used in deadly shootings was upheld Thursday by a federal appeals court. The ruling Thursday by the 2nd U.S. Circuit Court of Appeals in Manhattan affirmed …

Insurance broker Aon plc announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations. As global investment in digital …

The cost of insuring commercial ships that sail past Yemen’s Houthi militants surged after the rebels sank two ships and killed sailors this week, underscoring how the attacks have revived risk in the crucial waterway. Shipowners now have to pay …

The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said. The Commission proposed …

After deadly flooding in central Texas in 1987, some thought they’d proven they could handle Mother Nature’s best punch. Then came this month’s horrific flash floods, when unfathomable amounts of rain fell in only hours and more than 100 people …

The team of hurricane researchers at Colorado State University shaved off a storm from its original Atlantic hurricane season forecast, and now sees a “slightly” above normal season. High levels of observed Caribbean wind shear, which break up storms, is …