Posts by Hometown Insurance
J&J Sets Up 3rd Talc Bankruptcy Bid by Moving Unit to Texas
Johnson & Johnson is seeking to move a unit to Texas as it prepares for a potential third bankruptcy court filing to resolve more than 50,000 lawsuits alleging tainted talc in its baby powder caused cancer. The company filed a …
Read More FAA Steps Up Scrutiny of Boeing With Calls for Checks on Another 737 Model
The U.S. Federal Aviation Administration (FAA) has recommended that airlines operating Boeing 737-900ER jets inspect door plugs to ensure that they are properly secured after some operators reported unspecified issues with bolts upon inspections. Regulators have stepped up scrutiny on …
Read More Power Line Falls on Car During Oregon Ice Storm, Killing 3
A power line fell on a parked car in northeast Portland, Oregon, killing three people and injuring a baby during an ice storm that turned roads and mountain highways treacherous in the Pacific Northwest. Shortly before noon on Wednesday, dispatchers …
Read More Markets/Coverages: Liberty Mutual Launches New Management Liability Package
Liberty Mutual recently announced ProShield, a packaged solution providing private companies and non-profits streamlined access to directors & officers, employment practices liability, fiduciary, and crime coverages Brent Tan has been appointed to manage the product line as senior director, financial …
Read More Family of Slain California College Student Sues for Wrongful Death Nearly 30 Years Later
The family of a California college student who vanished nearly three decades ago sued the school, alleging it caused Kristin Smart’s murder through negligence. Smart, then 19, disappeared from California Polytechnic State University in San Luis Obispo on the state’s …
Read More Microsoft Says Russia-Linked Group Hacked Employee Emails
Microsoft Corp. said a Russian-linked hacking group attacked its corporate systems, getting into a “small number” of email accounts, including those of senior leadership and employees who work in cybersecurity and legal. The company said it’s acting immediately to fix …
Read More Are Florida Insurance Premiums Hurting the Real Estate Market? Sales Down, Prices Up
State and national news reports have raised questions about the impact that high property insurance premiums in Florida have had on the real estate market and if the costs are prompting some residents to consider moving elsewhere. The Miami Herald …
Read More Envelop Risk Launches Cyber Reinsurance Lloyd’s Vehicle With Managing Agent Apollo
Envelop Risk, the data-driven cyber re/insurance and analytics specialist, announced the launch of Envelop SPA 1925, a dedicated cyber reinsurance special purpose arrangement (SPA) at Lloyd’s, in partnership with managing agent Apollo. Through Apollo’s Strategic Partner Syndicates business and Apollo …
Read More SC Roads Chief Retires, Praised for Disaster Response, Highway Improvements
COLUMBIA, S.C. (AP) — South Carolina’s well-respected transportation leader Christy Hall is retiring after spending the past decade overseeing billions of dollars in highway spending after the state raised its gas tax to fix its roads. Hall’s retirement announcement as …
Read More Online Rumors Partly to Blame for Water Pressure Drop in Jackson, Manager Says
JACKSON, Miss. (AP) — Law enforcement agencies are investigating whether social media rumors about a potential water outage prompted people to quickly fill bathtubs with tap water in Mississippi’s capital during a cold snap and cause a drop in pressure …
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