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Posts by Hometown Insurance

Two Years After Deadly Tornadoes, Some Kentucky Families Still Waiting for Housing

By Hometown Insurance | February 8, 2024
MAYFIELD, Ky. (AP) — Ashley Prince and her family have been chasing “normal” for years now. Two years ago, the tornado that whipped through Mayfield peeled the roof off their rental property “like a band-aid.” She and her fiance Dylan …
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Mother of Teen Killed at Miss. Poultry Factory Sues Company for Negligence

By Hometown Insurance | February 8, 2024
(AP) — The mother of a 16-year-old who died in a workplace accident at a Mississippi poultry factory is suing the companies that hired and employed him, accusing them of failing to follow safety standards that could have prevented his …
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January Was World’s Hottest on Record: EU Scientists

By Hometown Insurance | February 8, 2024
The world just experienced its hottest January on record, continuing a run of exceptional heat fueled by climate change, the European Union’s Copernicus Climate Change Service (C3S) said on Thursday. Last month surpassed the previous warmest January, which occurred in …
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Chinese Hacking Campaign Aimed at Critical Infrastructure Goes Back 5 Years

By Hometown Insurance | February 8, 2024
An advanced group of Chinese hackers taking aim at U.S. critical infrastructure have been active for as long as half a decade, American and allied intelligence agencies said in a joint statement on Wednesday. The U.S. National Security Agency, U.S. …
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AXA’s CEO Buberl Wants to ‘Scale Up’ Corporate Business

By Hometown Insurance | February 8, 2024
AXA SA’s Chief Executive Officer Thomas Buberl says he intends to “scale up” the firm’s business insuring corporate risks in the next phase of the firm’s growth. “In a highly volatile and highly unpredictable environment it is important to take …
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Money Managers Try to Put a Price on Climate Risk. It’s Not Easy.

By Hometown Insurance | February 8, 2024
When investors contemplate risk, it’s straightforward to think about measurable economic shifts like rising interest rates, inflation and sales trends. The data are readily available and simple enough to incorporate into financial models. The looming risks from climate change, on …
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US, UK Ship Investors Hit by Soaring Red Sea Insurance: Sources

By Hometown Insurance | February 8, 2024
War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen’s …
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Company Auditors Face More Rigorous Role in Spotting Fraud: Global Body

By Hometown Insurance | February 8, 2024
Accountants must play a role in spotting fraud when they check the books of companies, a global standard setting body for corporate auditing said in robust proposals Feb 6. The International Auditing and Assurance Standards Board (IAASB), which writes norms …
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US Court Cancels Approvals for Widely Used Dicamba Weedkillers

By Hometown Insurance | February 8, 2024
A U.S. court has nullified the government’s latest approvals of certain agricultural weedkillers sold by Bayer, BASF and Syngenta, fueling uncertainty among farmers who spray the products on genetically engineered soybeans and cotton. Environmental activists cheered the court for halting …
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NBA Sued Over Deal With Failed Crypto Exchange Voyager

By Hometown Insurance | February 8, 2024
The National Basketball Association was hit with a lawsuit over its marketing links to failed crypto exchange Voyager Digital Holdings Inc., which investors claim led to $4.2 billion in losses. The NBA was “grossly negligent” in agreeing to a marketing …
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