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Insurance

Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’

By Hometown Insurance | April 13, 2026
Lululemon Athletica Inc. fell in New York trading Monday after the Texas attorney general said his office is investigating for the presence of so-called “forever chemicals,” which have been linked to health problems, in the yogawear brand’s apparel. “Emerging research …
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Bamboo Insurance Launches Condo Owner Offering for Californians

By Hometown Insurance | April 13, 2026
Bamboo Insurance launched a new condominium unit‑owners (HO‑6) insurance policy in California. The product is designed to address the insurance needs of condominium owners in the state, where coverage requirements often involve coordination between individual unit policies and homeowners association …
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IBM Agrees to Pay Government $17 Million in DEI Settlement

By Hometown Insurance | April 13, 2026
In the first outcome of the U.S. Department of Justice’s Civil Rights Fraud Initiative, IMB has agreed to about $17 million to settle charges related to the company’s diversity, equity, and inclusion (DEI) practices. “Racial discrimination is illegal, and government …
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Markets/Coverages: DUAL UK Enhances Cyber Binder With Increased Limits

By Hometown Insurance | April 13, 2026
DUAL has significantly strengthened the scope of its global cyber and technology capabilities, offering increased primary limits for risks with revenues up to £1 billion and enhanced excess limits for risks up to £5 billion. Backed by a number of …
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China’s Ping An Seeks to Sell $1 Billion Software-Focused PE Assets

By Hometown Insurance | April 13, 2026
China’s biggest insurer Ping An Insurance Group is seeking to reduce software-focused private equity exposure by selling its stakes in some funds, according to people familiar with the matter. The insurer has tapped Campbell Lutyens to offload stakes worth about …
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Wall Street Banks Try Out Anthropic’s Mythos

By Hometown Insurance | April 13, 2026
Wall Street banks are starting to test Anthropic PBC’s Mythos model internally as Trump administration officials encourage them to use it to detect vulnerabilities. While JPMorgan Chase & Co. was the only bank named as part of an initiative to …
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An Omaha Sinkhole Went Viral. Hundreds of Others Fall Under the Radar.

By Hometown Insurance | April 13, 2026
As Harmon Maher walked along the Keystone Trail in central Omaha one morning in February, he spotted something odd: The creek next to the path, normally a gray-green color, ran bright orange. It was full of sediment, probably from some …
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Oklahoma State Softball Team Bus Involved in Fatal Crash

By Hometown Insurance | April 13, 2026
Oklahoma State’s softball team took some time to process a fatal crash involving its team bus earlier this week and will be back on the field Friday. The team had been traveling to Wichita, Kansas, on Wednesday afternoon when its …
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Lodestar Launches as Independent TPA Brand Within Old Republic

By Hometown Insurance | April 13, 2026
Old Republic International Corporation announced the launch of Lodestar Claims & Risk Services, Inc. as an independent brand and standalone operating company within Old Republic, marking the first time in more than 30 years that the organization’s third-party administrator (TPA) …
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1 Killed, 6 Injured in Shooting at Chick-Fil-A in New Jersey

By Hometown Insurance | April 13, 2026
A shooting at a Chick-Fil-A restaurant in Union Township, New Jersey last evening took one life and injured six others. According to the Union County Prosecutor’s Office (UCPO), the shooting happened at approximately 9 pm on the Chick-Fil-A on Route …
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