Posts by Hometown Insurance
South African Insurer Discovery in Talks With US Insurers to Expand
Discovery Ltd., South Africa’s biggest health insurance provider, is in talks with US peers to bring its flagship wellness program known as Vitality to their market. While Discovery has long had a relationship with John Hancock Life Insurance Co. to …
Read More Moody’s on Why 2023 Was So Warm and What Will Happen This Year
A Moody’s publication looks why it was so warm last year and the impacts the effects of global warming will have in 2024. The publication “Warmest Year; Warmest Months: Climate Change and El Niño Edged the Global Closer to the …
Read More Biden’s LNG-Permit Halt Challenged by 16 States in Lawsuit
Texas, Louisiana and more than a dozen other US states challenged the Biden administration’s suspension of new licenses to export natural gas via ocean-going tankers. A lawsuit filed against President Joe Biden and the US Department of Energy in Louisiana …
Read More Red Sea Fighting Traps Two Oil Ships in Houthi Waters
Two tankers, containing oil and toxic waste, are stuck in the Red Sea in the firing line between Western naval forces and Yemen’s Houthi militants despite repeated efforts by the United Nations to empty and move the ships to avoid …
Read More Denmark Detains Shadow Fleet Oil Tanker After Ship Collision
Danish maritime authorities have detained a tanker that was due to carry Russian oil after it collided with another ship in its waters earlier this month. The Andromeda Star collided with a cargo ship called Peace south of Copenhagen on …
Read More SpaceX Forced Workers to Sign Illegal Severance Agreements, Claims NLRB
Elon Musk’s SpaceX has been accused by a U.S. labor agency of requiring employees who were laid off or fired from the rocket and satellite maker to sign unlawful agreements barring them from disparaging the company and joining class-action lawsuits …
Read More Possibility of a Billion-Dollar Systemic Cyber Event ‘Is Real’
A systemic event and the threat it could pose to insurers’ portfolios is not the million dollar question, but perhaps the billion dollar question, according to Norman Niami, immediate past chairperson and member of The American Academy of Actuaries. “It’s …
Read More Wary of New Security Law, Foreign Firms in Hong Kong Bolster Contingency Plans
Vague provisions in Hong Kong’s new national security law around state secrets and links to foreign entities have put on edge many global businesses in the financial hub, with some consultants and hedge funds updating contingency plans and seeking legal …
Read More Chevron to Pay Over $13M in Settlement for California Oil Spills
Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil producing state strengthens regulations. Chevron, which has …
Read More Texas Cities Rethink Minimum Parking Rules
In car-dependent Texas, most cities have rules on how many parking spots must be built anywhere people live, play or do business. But those requirements have come under scrutiny in recent years, with critics saying they do more harm than …
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