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Insurance

Progressive Insurance Helps First-Time Homebuyers With Down Payments

By Hometown Insurance | May 5, 2026
As many as 200 first-time home buyers could receive down payment assistance up to $13,500 each thanks to Progressive Insurance. Progressive’s UpPayment program is available to first-time homebuyers purchasing a non-commercial, non-mobile residential property with intention of making it their …
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Young Europeans Turn to AI Chatbots for Emotional Support, Survey Shows

By Hometown Insurance | May 5, 2026
Nearly one in two young people in Europe have used AI chatbots to discuss intimate or personal matters, as the technology increasingly serves as a source of emotional support, an Ipsos BVA survey showed on Tuesday. Of the 3,800 people …
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AI Firms Agree to Give US Early Access to Evaluate Their Models

By Hometown Insurance | May 5, 2026
Alphabet Inc.’s Google, Microsoft Corp. and xAI have agreed to give the US government early access to their artificial intelligence models to assess the systems’ capabilities and help improve their security before the technology is released to the public. With …
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New Zealand’s A2 Milk Recalls Batches of US Baby Formula After Toxin Found

By Hometown Insurance | May 5, 2026
New Zealand infant formula maker a2 Milk Co. is recalling batches of product sold in the US after detecting a toxin linked to vomiting and diarrhea, marking its first brush with a contamination scare that has rattled the global industry. …
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Heat-Trapping Microplastics Found to Play Role in Climate Change

By Hometown Insurance | May 5, 2026
Microplastics in the atmosphere are heating the planet, magnifying climate change impacts, according to new research. Scientists in China and the US found that tiny, colored plastic particles absorb sunlight as winds blow them around the world, trapping heat and …
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Insurer QBE Faces Investor Pressure Over Extreme Weather Risks

By Hometown Insurance | May 5, 2026
Australian Ethical Investment Ltd., a pension fund with about A$14 billion ($10 billion) under management, is pressuring QBE Insurance Group Ltd. over the potential threat extreme weather poses to future profitability. The fund, which holds about A$65 million of QBE …
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Oil Tanker Pricing Feud Embroils Centuries-Old London Market

By Hometown Insurance | May 5, 2026
A legal claim from one of the world’s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the …
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Ships Cluster Further From Hormuz Strait as Iran Widens Grip

By Hometown Insurance | May 5, 2026
Hundreds of vessels were seen clustering near Dubai on Tuesday, as more ships moved away from a still-empty Strait of Hormuz in response to Iran’s efforts to widen its area of control. A weeks-long ceasefire between the US and Iran …
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Middle East Truce in Doubt as US and Iran Launch New Attacks for Control of Hormuz

By Hometown Insurance | May 5, 2026
The fragile truce in the Middle East was in jeopardy on Tuesday after the U.S. and Iran launched new attacks as they wrestled for control of the Strait of Hormuz. The U.S. military said on Monday it destroyed six Iranian …
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No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law

By Hometown Insurance | May 5, 2026
Did you hear that Florida’s 55-year-old “no-fault” auto insurance statute has been repealed? Most people in the Florida insurance industry probably know that is not true. But a number of recent websites and postings by Florida plaintiffs’ law firms and …
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