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Insurance

Palantir Gets Partial Win in Fight With Ex-Workers at AI Startup

By Hometown Insurance | February 19, 2026
A judge agreed with Palantir Technologies Inc. that a trio of former employees likely violated confidentiality and non-solicitation agreements in founding their artificial intelligence startup but stopped short of halting their work at the new company, Percepta. Palantir sued Percepta …
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Markets/Coverages: BluNiche Launches Pharmaceutical Product Recall Insurance

By Hometown Insurance | February 19, 2026
BluNiche, the London-based product recall specialist MGA, announced the launch of its Pharmaceutical Recall Insurance product, expanding its portfolio to provide dedicated coverage for the pharmaceutical sector. The new offering provides comprehensive recall protection for pharmaceutical companies, contract manufacturers, contract …
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India to Decide on Russia Oil Tanker Insurance Firms in Days

By Hometown Insurance | February 19, 2026
The Indian government must decide in the next few days whether to keep allowing a handful of Russian companies to insure tankers when they deliver oil to the Asian nation. The process comes at a time when New Delhi is …
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UK Floods Raise Specter of ‘Mortgage Prisoners’ for Banks

By Hometown Insurance | February 19, 2026
As the prospect of flood damage haunts an ever larger number of UK homes, the country’s banks are under growing pressure to prove they’re not underestimating the risk in their mortgage books. Nationwide Building Society — once seen as an …
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Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley

By Hometown Insurance | February 19, 2026
Zurich Insurance Group AG’s profit rose to a record in 2025, giving Chief Executive Officer Mario Greco a tailwind as he pursues the acquisition of Beazley Plc. Group operating profit rose to $8.9 billion in the year, the company said, …
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Startups in Britain Turn to AI Instead of Costly New Hires

By Hometown Insurance | February 19, 2026
British entrepreneurship appears to be on the rise, with tens of thousands of new businesses popping up. The problem, for workers, is that these startups are increasingly using artificial intelligence and freelancers instead of taking on permanent staff. New firms …
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People Moves: Gallagher Expands Executive, Financial Risk Practice Leadership; AXA XL Promotes Williams and Schmude in Specialty Insurance

By Hometown Insurance | February 19, 2026
Gallagher Expands Executive and Financial Risk Practice Leadership Team Gallagher, headquartered in Rolling Meadows, Illinois, appointed new leaders in its executive and financial risk practice. Seth Pfalzer has been appointed senior vice president and national director, joining the practice’s board …
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Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’

By Hometown Insurance | February 19, 2026
A U.S. federal judge threw out on Tuesday a lawsuit against Buffalo Wild Wings that alleged the restaurant and sports bar chain deceived consumers by selling boneless wings that are not actually de-boned chicken wings. Judge John Tharp Jr. in …
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AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers

By Hometown Insurance | February 19, 2026
The Travelers Companies announced the launch of AI Claim Assistant, a fully agentic intelligent voice service to handle customer claim calls. The service, developed using OpenAI model capabilities and APIs, uses advanced language and speech recognition technologies, Travelers said, reporting …
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Fla. Commissioner Offers Major Changes to Citizens’ Commercial Clearinghouse Plan

By Hometown Insurance | February 19, 2026
Just days before a final committee vote on a bill that would establish a clearinghouse for Citizens’ commercial policies, Florida’s insurance commissioner has offered his own rewrite, one that would give regulators more authority over who runs the clearinghouse and …
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