Posts by Hometown Insurance

Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – are maintaining their appetite for property-catastrophe risks as well as their ambitious profit targets for 2025 – despite signs of rate softening and hefty claims from …

Elon Musk accused Apple Inc. and OpenAI in a lawsuit of unfairly favoring the artificial intelligence company across iPhones and thwarting competition for other chatbot makers. Musk’s X and xAI seek billions of dollars in damages in the suit filed …

Rapid falls in the level of the Caspian Sea are affecting ports and oil shipments and threatening to inflict catastrophic damage on sturgeon and seal populations, according to Azerbaijani officials. The Caspian, the world’s largest salt lake, holds significant offshore …

Japan’s financial regulator plans to set up a division to oversee the asset management and insurance industries, as part of its efforts to drive improvements in the sectors. The new bureau would seek to advance the government’s goal of turning …

Jazwares, the Berkshire Hathaway-owned maker of Squishmallows, has agreed to end a lawsuit against Build-A-Bear Workshop over its alleged knockoffs of the popular plush toys, according to a filing in Los Angeles federal court. Jazwares and Build-A-Bear asked the court …

Kraft, Mondelez, Coca-Cola and several other major food companies on Monday succeeded in winning the dismissal of a lawsuit that accused them of designing harmful “ultra-processed” foods addictive to children. U.S. District Judge Mia Perez in Philadelphia granted the companies’ …

Investigators with the North Carolina Department of Insurance searched an insurance agency and a home in Salisbury after reports that insurance premiums had not been used to secure policies. “The N.C. Department of Insurance has received several consumer complaints regarding …

California’s long-delayed high-speed rail project could be operating in the Central Valley by 2032, but it is far short of securing the funding it needs to connect up north toward the San Francisco Bay Area and south toward Los Angeles, …

The California Labor Commissioner’s Office issued citations totaling more than $2.3 million to multiple developers and operators of construction projects at sites in Los Angeles. The citations stem from an investigation that reportedly showed there was wage theft and other …

Diplomats in Southeast Asia were targeted in a cyber-espionage campaign earlier this year, likely waged in support of operations aligned with the strategic interests of China, according to Google. The attacks, using social engineering and malware disguised as innocuous software …