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Posts by Hometown Insurance

Lightning Strikes Near Travelers Golf Championship

By Hometown Insurance | June 24, 2024
Two people were taken to the hospital Saturday after lightning struck a tree near a home along a golf course that is hosting the PGA Tour’s Travelers Championship. The home is just north of the fifth green at TPC River …
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Maine Doctor Convicted on Multiple Counts of IIlegally Distributing Opioids

By Hometown Insurance | June 24, 2024
A Maine doctor who runs an addiction treatment center has been convicted on multiple counts of illegally distributing opioids including oxycodone, hydromorphone and fentanyl. Dr. Merideth Norris, 53, of Kennebunk, Maine, was found guilty in federal court Friday of distributing …
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Markets/Coverages: Howden Launches 1st Carbon Credits Warranty & Indemnity Insurance Policy

By Hometown Insurance | June 24, 2024
Howden, the London-based insurance intermediary group, announced the placement of the first carbon credits warranty and indemnity (W&I) insurance policy. The W&I policy provided insurance cover on the sale of carbon credits for the reafforestation project of degraded forest lands …
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Europe Braces for Heat Following Greek Fires and Swiss Floods

By Hometown Insurance | June 24, 2024
European capitals are bracing for heat wave conditions, following wildfires in Greece and flooding in Switzerland over the weekend. High pressure over southern Scandinavian will bring the highest temperatures this year to the UK, with London and parts of the …
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Probe of Russian Hack on London Hospitals May Take Weeks as Worries Grow Over Data Dump

By Hometown Insurance | June 24, 2024
An investigation into a ransomware attack earlier this month on London hospitals by the Russian group Qilin could take weeks to complete, the country’s state-run National Health Service said Friday, as concerns grow over a reported data dump of patient …
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Catastrophe Bonds Are Luring Retail Investors to High-Risk Debt

By Hometown Insurance | June 24, 2024
There was a time when investing in catastrophe bonds was the preserve of hedge funds and other sophisticated alternative asset managers. But after underpinning the best hedge fund strategy of 2023, the bonds are finding a wider audience. Catastrophe-bond funds …
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Norfolk Southern Says it Will Examine Vent and Burn Decisions

By Hometown Insurance | June 24, 2024
Days before the National Transportation Safety Board is set to explain why first responders were wrong to blow open five tank cars and burn the toxic chemical inside after the East Palestine derailment, Norfolk Southern said Friday it plans to …
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US Prosecutors Recommend DOJ Criminally Charge Boeing as Deadline Looms

By Hometown Insurance | June 24, 2024
U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar with the matter told Reuters. The Justice Department must …
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DOJ Drops Claims That TikTok Misled US Consumers in Lawsuit

By Hometown Insurance | June 24, 2024
The US Justice Department is dropping one of two proposed claims against ByteDance Ltd.’s TikTok, planning to focus a consumer protection lawsuit later this year on children’s privacy instead of allegations the video-sharing platform misled consumers about their data security. …
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Hackers Auction Off Stolen LendingTree Consumers’ Data

By Hometown Insurance | June 24, 2024
Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a cloud database hosted by Snowflake Inc., according to a person familiar with the matter. There have been several listings of …
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