Posts by Hometown Insurance
Bill to Ban Smoking in Atlantic City Casinos Advances
A measure that would prohibit smoking in Atlantic City’s casinos moved forward Monday after three years of going nowhere, heartening casino workers who say they are literally sick and tired of having smoke blown in their faces at work. The …
Read More Cyber Insurance Seeing Influx of Newcomers as Risk Awareness Grows
Arctic Wolf and Cyber Risk Alliance’s 2023 Cyber Insurance Outlook Report found that while more than 70% of organizations surveyed in the report have a cyber insurance policy, nearly half of that group said their coverage started less than a …
Read More Russia Behind Spike in European GPS Jamming, Baltic General Says
Russia is likely behind an increase in instances of jamming satellite signals used by airlines, smartphones and weapons systems in eastern Europe, according to a senior Baltic military commander. Martin Herem, the commander of the Estonian Defense Forces, pointed the …
Read More Texas Freeport LNG Unit Faces Month-Long Outage After Winter Storm
U.S. liquefied natural gas (LNG) company Freeport LNG said on Friday it expects one of three liquefaction units at its Texas plant will be out of service for about a month after it faced a technical issue during last week’s …
Read More EU Needs Trillions of Investments to Meet 2050 Climate Target: Research
The European Union will need 1.5 trillion euros ($1.6 trillion) per year of investments to meet its 2050 net zero emissions target, research backed by Green EU lawmakers said on Monday. The European Commission is set to recommend next week …
Read More Appeals Court Rules Insurers Not Obligated to Defend Opioid Distributor McKesson
The role drug distributor McKesson Corp. had in the opioid crisis was no accident, meaning the company is not entitled to defense costs related to litigation against it. McKesson Corp. appealed a district court’s ruling that subsidiaries of AIG and …
Read More Global Ransomware Attacks Reach Record High in 2023, Says Corvus
Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active ransomware groups grew by 34%. Corvus Insurance recently released its Q4 2023 Ransomware Report, featuring data collected from ransomware leak …
Read More Viewpoint: How Corporate Help Desks Became the Weak Spot in Cyber Defenses
The cyberattack on MGM Resorts in September 2023 provides a vivid example of the effects these types of attacks can have in today’s complex and interconnected IT environments. MGM estimates the incident-related costs at upwards of $100 million, after the …
Read More Florida Bills Would Let Surplus Lines Do Takeouts, Would Require More Data Reporting
A key Florida Senate committee this week advanced a bill that would allow surplus lines carriers to take over coverage of second homes from Citizens Property Insurance Corp. Reaction by agents and brokers was mixed. The issue of having the …
Read More Connecticut Sues 28 Firms for Alleged Contamination by ‘Forever Chemicals’
The state of Connecticut is suing 28 chemical manufacturers that it alleges are responsible for “knowingly contaminating” the state’s waters and natural resources and harming public health with toxic PFAS “forever chemicals.” Connecticut Attorney General William Tong has filed two …
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