Posts by Hometown Insurance
Bank of England Considers Stress Testing AI’s Effect on the Financial Sector
While the Bank of England is busy stress testing the UK’s private markets, another threat is looming in the minds of regulators. Turmoil caused by artificial intelligence is among the options being discussed for the BOE’s next system-wide exploratory scenario, …
Read More French Unrest Tapers Off After Security Measures Imposed
French protests largely died down after authorities rolled out tougher security measures, including targeted curfews, following cost-of-living protests over the weekend that degenerated into violence, vandalism and looting.An 11 p.m. curfew was put in place in a few areas of …
Read More US Banning Chinese AI DeepSeek From Government Agency IT Systems
The US Homeland Security Department is ordering the removal of DeepSeek products and third-party services using the Chinese AI model from US civilian agency IT systems, according to a notice published Oct. 19. The department is also banning acquisition of …
Read More Supreme Court to Weigh Case Over Race and School Admissions
The US Supreme Court agreed to consider making it easier to challenge public school admissions policies as racially discriminatory in a fresh test of educational diversity efforts. The justices said Monday they will consider reviving a lawsuit that claims Maryland’s …
Read More Florida OIR Marks End to American Mobile, Which Briefly Served Stressed MH Market
Six years after it launched and two years after it exited the distressed Florida market, American Mobile Insurance Exchange has officially lost its authority to operate. Florida Insurance Commissioner Mike Yaworsky announced Monday, Oct. 19, that he had forced the …
Read More Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
IT services company DXC Technology is in advanced talks to sell its insurance software and services division to private investment firm Eldridge Industries for about $2.4 billion, according to people familiar with the matter. Eldridge is discussing combining the business …
Read More Washington Commissioner Fines Insurers, Producers $495,200
Washington Insurance Commissioner Patty Kuderer’s office reported fines totaling $495,200 against insurance companies, agencies and producers for insurance law violations between April and August. The two largest fines were against USAA Casualty Insurance Co. and Allstate Vehicle and Property Insurance …
Read More WR Berkley Reports Q3 Net Income Decrease, Operating Income Up
Third quarter 2026 net income at W.R. Berkley Corp. decreased about 12.7% compared to the same period a year ago to about $446 million. However, operating income for the second quarter was $456.5 million, up from $440.2 million during the …
Read More California Adds Voluntary Review Before Insurers File Rate Applications
Insurers seeking personal and commercial lines rate changes in California can go through a voluntary review process that makes the California Department of Insurance’s initial rate analysis public before they formally file rate applications. California Insurance Commissioner Ricardo Lara on …
Read More Industry Panel Highlights Challenges in Selling Cyber Insurance to SMEs
Small- and mid-sized businesses hear and read the same news everyone else does. Awareness of cyber risk isn’t the problem. But after years of insurers market trying to crack this nut, these businesses aren’t buying the right coverage. The disconnect …
Read More