Posts by Hometown Insurance

Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the biggest strategic …

RALEIGH, N.C. (AP) — North Carolina Republican lawmakers this week unveiled their initial attempt this year to provide recovery funding for Hurricane Helene’s historic flooding, proposing new spending that totals less than half of what new Democratic Gov. Josh Stein …

Ahoy! Insurance, calling itself an insurance company built by boaters for boaters, has expanded into Florida, one of the world’s largest recreational boating markets. The excess and surplus lines broker was founded in 2021 by Amit Nisenbaum, a former Israeli …

Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their role in moving Russian oil. …

Spain is seeking European approval to repurpose more than a billion euros of post-pandemic recovery funds to make Valencia more resilient against climate change after the Mediterranean region suffered catastrophic heavy rains last year. The talks started a few weeks …

Avolon and BOC Aviation, two of the world’s largest aircraft lessors, have settled lawsuits in the Irish courts against insurers over jets stranded in Russia following Western sanctions in 2022, they said on Friday. Lessors are suing dozens of insurers …

A Wisconsin couple is suing Walgreens and a pharmacy benefits management company, alleging that their son died because he couldn’t afford a sudden $500 spike in his asthma medication. Shanon and William Schmidtknecht, of Poynette, filed their lawsuit in federal …

A Texas crisis communications specialist has sued Blake Lively for defamation after the actor pulled him into her legal fight with co-star and director Justin Baldoni over their film, “It Ends With Us.” Jed Wallace and his company, Street Relations, …

Hiscox Appoints Baldwin US Media Practice Leader Hiscox, headquartered in Atlanta, appointed Karen Baldwin as vice president, media practice leader. Baldwin leads Hiscox USA’s media liability practice. Baldwin has over 30 years of media underwriting and leadership experience, most recently …

The United Arab Emirates, which operates the Gulf’s only commercial nuclear power station, is for the first time taking special measures to protect the project from the devastating impact of climate change. Since September, the Federal Authority for Nuclear Regulation …