Posts by Hometown Insurance

Michigan joined 47 state financial regulatory agencies in a coordinated enforcement action against Block, Inc., for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use. Michigan is set to …

Less methane escaped into the atmosphere from certain oil and gas equipment and oil wells in 2023, according to a report released earlier this month by an energy analytics firm that industry leaders promoted. Environmental experts said more information was …

This edition of International People Moves details appointments at the re/insurer Canopius Group and the broker Evolin. A summary of these new hires follows here. Patel Named Chair of Canopius Managing Agents, Succeeding Meader Canopius Group, the global specialty re/insurer, …

British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations, a sign that traffic on one of the world’s main trade routes could normalize …

Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent US fuel-economy rules, following through on one of President Donald Trump’s first directives after he retook the White House. The memorandum Duffy signed in the first act after …

Aventum, the London-based international re/insurance group, is investing $12 million over two years to create an inhouse proprietary tech function across its global operations. The group now has 25% of its global workforce employed in tech and IT functions, including …

MGM Resorts International has agreed to a $45 million to resolve a class action lawsuit over its data breaches in 2019 and 2023. Preliminary approval of the settlement was granted by a federal judge, according to documents filed Jan. 22 …

Police and federal safety crews are investigating after an airport vehicle struck and killed a 66-year-old worker at Charlotte Douglas International Airport this week. News sites reported that emergency personnel responded Monday morning to the accident, in which an American …

Progressive Corp. said it’s fourth quarter 2024 income increased 19% to about $2.4 billion compared to the same period the prior year. The Mayfield Village, Ohio-based insurer, in reporting financial results for December 2024 that included a 5% increase in …

A worker died Tuesday after a house under construction in Massachusetts collapsed. According to local police, Mario Diaz Obando, 29, of Fall River, died when the house being built on Vine Street in Weymouth collapsed. Diaz and four other workers …