Posts by Hometown Insurance

The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis STLAM.MI and Samsung SDI 006400.KS to help build two electric vehicle lithium-ion battery plants in Indiana. The …

Oil and gas producers in the US will not raise output significantly in the coming years despite calls from President-Elect Donald Trump to “drill, baby, drill,” said Exxon Mobil Corp.’s Upstream President Liam Mallon. “I think a radical change is …

A North Carolina woman is set for a court appearance later this month after she was charged with filing a claim on her deceased mom’s house – for damage that occurred before the insurance policy was purchased. Cindy Ramzi Hanna, …

AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to its persistently strong underwriting performance and improved investment returns, which have bolstered operating profitability. Reserve adequacy in the commercial …

Rebecca McCabe, with Aon since 2015, has been named Carolinas market leader, based in Charlotte. McCabe has recently served as interim market leader and sales director at Aon, and now replaces Kathleen Lynch, who left Aon earlier this year, according …

Jurors in New Mexico have awarded a man more than $412 million in a medical malpractice case that involved a men’s health clinic that operates in several states. The man’s attorneys celebrated last week’s verdict, saying they are hopeful it …

The governors of New York and Pennsylvania have declared disaster emergencies in areas hit with as much as three and four feet of “lake-effect” snow from a fierce winter storm. New York Governor Hochul declared a state of emergency for …

Suspicious behavior on T-Mobile US Inc.’s network devices tipped off the company to a breach that was potentially part of a sprawling cyber-espionage campaign that has raised urgent questions about the exposure of a critical sector of the economy. Jeff …

The Connecticut city of West Haven said it is being reimbursed more than $1 million from its insurer to cover the cost of federal pandemic relief funds stolen three years ago by two city employees. Then-state Rep. Michael DiMassa and …

The province of British Columbia can bring a class action lawsuit against pharmaceutical companies for opioid harms on behalf of multiple governments across Canada, the country’s Supreme Court ruled on Friday. In 2018, BC sued more than 40 drug manufacturers, …