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Insurance

Insurer Says Tech Services Firms Should Pay for Insured’s Ransomware Damages

By Hometown Insurance | September 19, 2025
ACE American Insurance Co. is suing to recover $500,000 it paid in ransomware damages for a staffing company, claiming cloud computing and cybersecurity firms contracted by its policyholder should instead be held responsible due to their alleged negligence. The insurer …
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UK Teenager Charged by US for Role in Yearslong Hack Spree

By Hometown Insurance | September 18, 2025
The US Justice Department accused a British teenager on Thursday of engaging in a yearslong spree of cyberattacks that targeted 47 American organizations and netted more than $100 million in ransom payments. Thalha Jubair, 19, from London, participated in a …
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Texas Cities and Counties Prepare for Budget Shortfalls

By Hometown Insurance | September 18, 2025
Last year, Fort Worth gained a new distinction as Texas’ fourth city with more than 1 million people. While other major Texas cities grew at a slower clip or struggled to regain residents it lost during the COVID-19 pandemic, Fort …
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OpenAI Fixed ChatGPT Security Flaw That Put Gmail Data at Risk

By Hometown Insurance | September 18, 2025
OpenAI patched a ChatGPT security flaw that could have allowed hackers to extract Gmail data from its users, according to researchers at cyber firm Radware. The issue was found in ChatGPT’s Deep Research agent, a tool launched in February to …
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West Texas Gas Falls to 14-Month Low as Negative Prices Persist

By Hometown Insurance | September 18, 2025
Natural gas cash prices in West Texas, which dipped below zero in recent days, sank to the lowest in almost 14 months, as traders expect pipeline maintenance in the area to stifle movement of the fuel for some time. Gas …
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Bulgaria Arrests Russian Owner of Ship at Center of Beirut Port Blast in 2020

By Hometown Insurance | September 18, 2025
The Russian owner of a cargo ship linked to a cargo of ammonium nitrate at the center of the massive Beirut port explosion in 2020 has been arrested in Bulgaria, Lebanese judicial officials said Monday. The arrest of Igor Grechushkin …
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Researchers Uncover 140-Year-Old Shipwreck at Bottom of Lake Michigan

By Hometown Insurance | September 18, 2025
After decades of scouring the bottom of Lake Michigan, searchers have finally found the wreckage of a “ghost ship” that sank during a ferocious storm almost 140 years ago off the Wisconsin coastline. The Wisconsin Historical Society and the Wisconsin …
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Billionaire Ross Lures ServiceNow for South Florida Expansion

By Hometown Insurance | September 18, 2025
ServiceNow Inc. is expanding to West Palm Beach, Florida, opening a location for several hundred employees in a planned office tower being developed by billionaire Stephen Ross, the famed New York real estate magnate who broke from Related Cos. last …
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Where Are the Hurricanes This Season as the Atlantic Remains Quiet

By Hometown Insurance | September 18, 2025
Not a single named storm has formed in the Atlantic Ocean in nearly three weeks, even though it’s the peak of hurricane season. “Where the heck are the Atlantic #hurricanes?” Philip Klotzbach, a meteorologist at Colorado State University, wrote recently …
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Stein Wants $13.5B From Congress for NC Hurricane Helene Recovery

By Hometown Insurance | September 18, 2025
North Carolina Gov. Josh Stein on Monday requested $13.5 billion more from Congress in recovery aid for Hurricane Helene almost a year after the historic storm, saying additional help is needed from Washington to address record amounts of damage and …
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