Posts by Hometown Insurance
Deadly Ship Attack Means Red Sea Voyages Need Re-Thinking, Union Says
A major transport union urged a full halt of merchant ships sailing through the Red Sea, adding to calls for vessels to reconsider the voyages after a Houthi militant attack killed three sailors. “We call on the industry to divert …
Read More Insurer Ageas Recruits Extra Adviser as it Pursues Direct Line Bid
Belgian insurer Ageas has brought in an additional adviser as it presses ahead with a potential takeover offer for Britain’s Direct Line, three sources familiar with the matter told Reuters. Ageas has lined up Deutsche Bank to work alongside its …
Read More Europe Faces 3C of Global Warming. Here’s How It Plans to Cope.
Europe will be 3C hotter even if the world succeeds in limiting global warming to 1.5C above pre-industrial levels, bringing with it the heightened peril of extreme weather and trillions of euros of damages to the economy. Such climactic hazards …
Read More Missouri Man, Woman Sentenced in $1.1M Insurance Fraud Scheme
Two Columbia, Missouri residents were sentenced in federal court on March 6 for their roles in a $1.1 million insurance fraud scheme that involved false claims of injuries suffered in faked car accidents. Michael Lee Gene Stapleton, 37, and Latoya …
Read More People Moves: Schauer Group Names Schauer Head of Employee Benefits Division
Schauer Group, headquartered in Canton, Ohio, named Vice President Alex Schauer head of its employee benefits division. Schauer, who is based out of the firm’s Cleveland office, has been with Schauer Group since 2014 and has worked with Schauer Group’s …
Read More Financial Services Firms Should Be Banned From Misusing Gag Orders: UK Lawmakers
Finance firms in Britain should be banned from misusing non-disclosure agreements (NDAs) to silence victims of sexual harassment and abuse, lawmakers said on Friday, calling for an end to an era of impunity for predators and bullies. In a report …
Read More $7.8M Court Order Blocks Ghost Gun Retailer From Selling Certain Parts in New York
A federal judge on Wednesday permanently banned a Florida gun retailer from selling or delivering certain gun parts in New York that officials say can be used to assemble untraceable ghost guns and sold without background checks. The court order …
Read More Booming Stock Market Leads to Higher US Household Wealth
U.S. household wealth rose to a record of roughly $156.2 trillion at the end of 2023 thanks to a surging stock market that offset a drop in property market values, the Federal Reserve said on Thursday. Household net worth rose …
Read More Pacificorp Ordered to Pay Oregon Wildfire Victims Another $42M
A jury in Oregon has ordered PacifiCorp to pay more than $42 million to 10 victims of devastating wildfires on Labor Day 2020 — the latest verdict in litigation that is expected to see the electric utility on the hook …
Read More OSHA Seeks $551K Penalty for Frozen Food Manufacturer After Worker’s Amputation
A Robbinsville, New Jersey frozen food manufacturer with a history of violating federal safety and health standards was cited again by the Occupational Safety and Health Administration (OSHA), after a worker suffered an amputation last August. The agency determined the …
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