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Posts by Hometown Insurance

Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O

By Hometown Insurance | June 25, 2024
Relm Insurance, the Bermuda-based specialty insurance carrier, announced the release of its Side A Difference in Conditions (DIC) solution. Relm’s Side A DIC solution was created for clients that have been unable to secure enough limit or consistent terms across …
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Ford Recalls 668,000 2014 F-150 Pickup Trucks Over Transmission Issue

By Hometown Insurance | June 25, 2024
Ford Motor said Tuesday it is recalling 668,000 F-150 pickup trucks worldwide from the 2014 model year because vehicles can unexpectedly downshift into the first gear causing a loss of driver control or rear-wheel lockup. A loss of signal can …
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PCF Insurance Acquires Multiple Agencies, Benefits Platform

By Hometown Insurance | June 25, 2024
PCF Insurance Services, a multi-state brokerage headquartered in Utah, announced it has acquired four new operations, two of them in the Southeast. The Brady Agency, offering commercial and personal lines coverage in North Carolina and Virginia with offices in the …
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Business Moves: Broker PCF Makes 4 Acquisitions in 4 States

By Hometown Insurance | June 25, 2024
Broker PCF Insurance Services continued its recent buying spree with the purchase of four insurance businesses in North Carolina, Pennsylvania, Mississippi, and Iowa. “At PCF Insurance, we are committed to accelerated and strategic expansion through M&A—not to be confused with …
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Dollar Tree Sold Lead-Tainted Applesauce After Recall

By Hometown Insurance | June 25, 2024
Dollar Tree Inc. continued to sell children’s applesauce tainted with “extremely high” levels of lead long after the company recalled the product due to contamination concerns, US regulators said. The discount store kept pouches of tainted cinnamon applesauce on store …
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Protecting 1.2% of Earth Would Prevent Most Extinctions, Study Says

By Hometown Insurance | June 25, 2024
Setting aside an additional 1.2% of the world’s land as nature preserves would prevent the majority of predicted plant and animal extinctions and cost about $263 billion, according to a study published on Tuesday. The world is racing to meet …
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Chinese Hackers Step Up Attacks on Taiwanese Organizations, Cybersecurity Firm Says

By Hometown Insurance | June 25, 2024
A suspected Chinese state-sponsored hacking group has stepped up its targeting of Taiwanese organizations, particularly those in sectors such as government, education, technology and diplomacy, according to cybersecurity intelligence company Recorded Future. In recent years, relations between China and Taiwan, …
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Deadly Explosion in Korea Revives Concerns Over Battery Safety

By Hometown Insurance | June 25, 2024
A deadly factory blaze has revived concerns over battery safety in South Korea, a key global supplier of lithium-ion cells used in everything from electric vehicles to energy storage systems. The fire and a series of explosions at a lithium …
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Roller Coaster Strikes Man in Restricted Area of Ohio Theme Park

By Hometown Insurance | June 25, 2024
CINCINNATI (AP) — A man who apparently entered a restricted area to retrieve his lost keys at a theme park in Ohio was critically injured when he was struck by a steel roller coaster, police and park officials said. The …
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EU Adds 27 Russian Vessels to List of Entities Under Sanctions

By Hometown Insurance | June 25, 2024
The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said on Monday. EU countries …
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