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Posts by Hometown Insurance

Natural Disasters Cost China $13 Billion in January-June

By Hometown Insurance | July 15, 2024
Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half of this year, with almost 33 million people affected, the government said on Friday. Heavy snow, 22 strong earthquakes including …
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Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data

By Hometown Insurance | July 15, 2024
A hacker who claims to have stolen sensitive call and text logs from AT&T Inc. said they were paid about $400,000 to erase the data trove. An analysis of a Bitcoin wallet address provided by the hacker shows a transaction …
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The World’s Power Grids Are Failing as the Planet Warms

By Hometown Insurance | July 15, 2024
Under the blazing Adriatic sun, life almost stopped in Montenegro’s capital Podgorica earlier this summer. Cars and buses were stuck in gridlock as traffic lights went out, the internet crashed, and security alarms blared in reaction to a sudden loss …
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Report: Impact of BEC Attacks on US Companies Misunderstood

By Hometown Insurance | July 15, 2024
A new report asserts the impact of business email compromise incidents on U.S. companies is likely underestimated and misunderstood—and it shows that multifactor authentication and cybersecurity awareness programs may be the top two risk management controls to prevent BEC attacks. …
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A Troubling Phrase: ‘Just a Category 1 Hurricane’

By Hometown Insurance | July 15, 2024
Here’s a troubling phrase hurricane forecasters hate but often hear: “It’s just a Category 1. Nothing to worry about.” Or even worse: “Tropical storm? Just some wind and rain.” But look at Hurricane Beryl, which hit Texas this week as …
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Letters Don’t Seem to Sway Judge: Oxendine Sentenced to 3.5 Years in Prison

By Hometown Insurance | July 15, 2024
ATLANTA (AP) — A federal judge on Friday sentenced former Georgia Insurance Commissioner John Oxendine to serve three-and-a-half years in prison after Oxendine pleaded guilty to conspiracy to commit health care fraud, plus three years supervised release after his sentence …
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Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance

By Hometown Insurance | July 15, 2024
A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president, has been met with approval from a private flood insurer but sharp skepticism from economists and insurance agents who say …
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New Hampshire Suspends License for 2 Years for Trucker Acquitted in Motorcycle Crash

By Hometown Insurance | July 15, 2024
A commercial truck driver who was acquitted in the 2019 deaths of seven motorcyclists won’t be eligible to get his license back for another two years, New Hampshire safety officials said. A jury in 2022 found Volodymyr Zhukovskyy not guilty …
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Vermonters Assess Beryl Damage, Begin Cleanup One Year After Major Flooding

By Hometown Insurance | July 14, 2024
PLAINFIELD, Vt. — Volunteers, some with heavy equipment, shoveled river silt and mud from roads, homes, yards and driveways and removed flood-ravaged items from homes Friday in one of the Vermont communities hardest hit by flooding from the remnants of …
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Allstate Seeking 34% Rate Hike on California Homeowners Insurance

By Hometown Insurance | July 12, 2024
Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on April 14, 2023. The initial rate request …
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Recent Posts

  • Company Ordered to Remove Thousands of Wind Turbine Blades in Texas
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  • Arthur J. Gallagher & Co. Acquires Kansas-Based Med James
  • Dedicated Volunteers in Nashville Relay Calm, Straight-Talk Info During Dtorms
  • DOL Proposes $3.5M in Fines for Safety Violations at Texas Chemical Facility

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