Posts by Hometown Insurance

Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months. The Security Service said it’s conducting a preliminary investigation into the crime …

International auditors have been given new guidance on what to check when assessing firms’ environmental, social and governance claims – and how – as part of efforts to increase rigor and consistency, the chair of the industry’s global ethics watchdog …

U.S. President Donald Trump’s administration has halted all pending environmental litigation and reassigned four career Justice Department attorneys focused on environmental issues, according to three sources familiar with the matter and a pair of memos seen by Reuters on Friday. …

The US Federal Trade Commission is likely to have bipartisan support to keep filing cases to block anticompetitive mergers under the Trump administration, said Henry Liu, the outgoing director of the agency’s Bureau of Competition. Liu, who led the agency’s …

Two workers were injured in an explosion and fire at a cannabis extraction facility on Maryland’s Eastern Shore last Wednesday, state fire officials said. Firefighters were called to PharmaCann in Stevensville for a report of an explosion, according to the …

PayPal, Inc. will pay a $2 million penalty to New York State for violations of the state’s financial services industry cybersecurity regulation. The failures on December 2022 led to sensitive customer information, including social security numbers, being left unredacted and …

The owner of a Tukwila, Washington, trampoline park faces more than $68,000 in fines for not giving teen employees meal breaks, and for working them longer hours than allowed under law. The Washington State Department of Labor & Industries investigated …

The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses damages, credit ratings—and lately worrying outlooks for the effect of the fires on insurance rates. …

Fitch Ratings said in an outlook revision that it expects Mercury General Corp.’s credit profile will withstand the impact of the Eaton and Palisades fires near Los Angeles, but the agency also gave a negative outlook that reflects “the potential …

ZestyAI, a provider of AI-powered property and risk analytics, announced that its Severe Convective Storm suite, including Z-HAIL™, Z-WIND™, and Z-STORM™, has received regulatory approval from the Minnesota Department of Commerce. This milestone supports Minnesota insurers in improving storm risk …