Posts by Hometown Insurance
Philips’ US Sales of Sleep Apnea Devices Face Years-Long Halt After FDA Deal
Dutch health technology company Philips will not sell new devices to treat sleep apnea in the U.S. in the coming years as it works to comply with a settlement with the Food and Drug Administration (FDA) announced on Monday. The …
Read More Trader Joe’s Follows SpaceX in Arguing US Labor Board Is Unconstitutional
Grocery chain Trader Joe’s is joining Elon Musk’s SpaceX in arguing that the US labor board, which is prosecuting cases against both companies, is unconstitutional. At a Jan. 16 National Labor Relations Board hearing in Connecticut, an attorney for Trader …
Read More Three in Miami Charged with Workers’ Comp Payroll Fraud
Three Miami-area construction labor suppliers have been charged with underreporting payroll and shorting their workers’ compensation insurers more than $220,000 in premiums. Juana Ledezma and Luis Ledezma, associated with Superior Group Management Inc., were arrested in mid-January after an investigation …
Read More Resilience in California Expands Cyber Risk Management for Global Clients of $10B in Revenue
San Francisco, California-based Resilience expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The company reports that its expanded authorities come after a strong year of growth, with fewer than 5% of …
Read More Home Fire in Alaska Kills Woman and 5 Children, Officials Say
A woman and five children have died in a fire at a home in a small northwest Alaska village, Alaska State Troopers said. The remains of the six have been recovered from the home in Noorvik, an Inupiat community of …
Read More Small Farmers Hit by Extreme Weather Would be Helped by New Crop Insurance Program
Since catastrophic flooding hit Vermont in July and waterlogged crops, some farmers are trying to figure out how to get through the next season. Water washed away seeds planted in the summer at Bear Roots Farm, which grows about 20 …
Read More NRA Chief LaPierre Defends His Spending, Luxury Travel in New York Civil Trial
Longtime National Rifle Association chief Wayne LaPierre took the stand in his New York civil trial Friday, defending himself against allegations that he violated the trust of the group’s 5 million members by spending tens of millions of dollars to …
Read More Arthur J. Gallagher & Co. Acquires Louisiana’s Forest Insurance Facilities
Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. Terms of the transaction were not disclosed. Forest Insurance Facilities is a …
Read More California to Get Drenched From Fast-Moving Atmospheric River
A fast-moving atmospheric river coming off the Pacific Ocean will drench northern and central California on Wednesday and then head for the the southern half of the state. Northwest California will likely get the worst of the storm, with as …
Read More Markets/Coverages: Howden Launches Carbon Capture and Storage Insurance Facility
Howden, the London-based global insurance group, announced an insurance facility that covers the leakage of carbon dioxide (CO2) from commercial-scale carbon capture and storage (CCS) facilities. The insurance facility, designed by Howden and led by SCOR’s syndicate at Lloyd’s, provides …
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