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Insurance

Wildfire Burning in Central California Forest Area Is Latest Blaze of Concern

By Hometown Insurance | August 28, 2025
A fast-growing wildfire burning in central California’s Sierra National Forest in Fresno County in a remote area is the latest blaze of concern for firefighters. The Garnet Fire has burned more than 13,900 acres and is 0% contained, according to …
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DeSantis Unleashes ‘Florida DOGE’ in Quest to Kill Property Taxes

By Hometown Insurance | August 28, 2025
Ron DeSantis is seeking to complete his project of remaking Florida into a conservative paradise with perhaps his riskiest wager yet: a campaign to largely wipe out property taxes. In his nearly seven years in office, the governor has ushered …
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TransUnion Says 4.4 Million Consumers’ Data Compromised in Hack

By Hometown Insurance | August 28, 2025
Credit bureau TransUnion said Thursday that more than 4 million people’s data was exposed in a recent hack involving an unidentified third party. In a letter dated earlier this week and posted to the website of Maine’s attorney general, the …
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Human Screwworm Case Poses No Risk to Agriculture, Says USDA Official

By Hometown Insurance | August 28, 2025
The human case of screwworm reported this week by U.S. health officials is the country’s only one so far this year and poses no risk to the farm sector, a U.S. Department of Agriculture official said on Tuesday. Screwworm, a …
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Judge to Approve Syracuse Diocese’s $176M Bankruptcy Plan

By Hometown Insurance | August 28, 2025
The Catholic Diocese of Syracuse reports that the federal judge overseeing its bankruptcy proceedings has indicated she will approve the latest reorganization plan with a $176 million fund to pay sexual abuse claimants. The fund will include $100 million from …
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Wife Sues Hospital Over Husband’s Death From Legionnaires’ Disease

By Hometown Insurance | August 28, 2025
The wife of a man who died from Legionnaires’ disease has filed a wrongful death and negligence suit against the Massachusetts hospital where he was a patient when he contracted the disease and the company responsible for the hospital’s water …
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Hurricane Remnants Threaten Swiss Alps With Floods, Landslides

By Hometown Insurance | August 28, 2025
The remnants of Hurricane Erin will contribute to torrential rain across the Swiss Alps over the next two days, raising the risk of dangerous flooding and landslides. Switzerland’s state forecaster has issued the highest red alerts for parts of Ticino …
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South Korea Agency Fines SK Telecom $97 Million Over Major Data Leak

By Hometown Insurance | August 28, 2025
South Korea’s SK Telecom was fined on Thursday about 134 billion won ($96.53 million) after the country’s largest mobile carrier suffered a cyberattack this year causing the leak of data for nearly 27 million users. The government-run Personal Information Protection …
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Anthropic Thwarts Hacker Attempts to Misuse Claude AI for Cybercrime

By Hometown Insurance | August 28, 2025
Anthropic said on Wednesday it had detected and blocked hackers attempting to misuse its Claude AI system to write phishing emails, create malicious code and circumvent safety filters. The company’s findings, published in a report, highlight growing concerns that AI …
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Viewpoint: Why Reinsurance Industry Often Struggles to Manage Market Cycles

By Hometown Insurance | August 28, 2025
“We must maintain underwriting discipline.” This phrase is arguably the most repeated mantra in the reinsurance industry over the past two years, and you will struggle to find anyone in the market who would disagree with that idea. The reality, …
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