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Posts by Hometown Insurance

Hurricane-Force Winds Cause Chaos, Blackouts Across Europe

By Hometown Insurance | January 22, 2024
Storm Isha is causing travel disruption and power blackouts across northern Europe, as it brought hurricane-force winds to the UK and other parts of the region. The Met Office issued a yellow weather warning across the UK on Monday, although …
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Looming Waste-Landslide Disaster Prompts Review of Environmental Laws in Denmark

By Hometown Insurance | January 22, 2024
A landslide of contaminated soil that threatens to pollute a water stream in Denmark has prompted the nation’s government to consider tightening environmental and corporate laws. Danish authorities have enlisted 100 workers and 80 trucks to avoid “a potential environmental …
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Trudeau to Hold National Summit in Response to Canada’s Massive Spike in Auto Thefts

By Hometown Insurance | January 22, 2024
Prime Minister Justin Trudeau’s government is holding a summit next month to coordinate a national response to a massive spike in auto thefts across Canada in recent years. Toronto, Canada’s largest city, has borne the brunt of the crime wave, …
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Two Australian Resource-Rich Regions Brace for Potentially Destructive Storms

By Hometown Insurance | January 22, 2024
Two Australian resource-rich regions are bracing for potentially damaging storms that could lead to flooding, the latest threats after months of extreme weather events. A tropical low developing in the Coral Sea off Queensland state is likely to become a …
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USGS: Nearly 75% of US Could Experience A Damaging Earthquake

By Hometown Insurance | January 22, 2024
Nearly 75% of the U.S. could experience damaging earthquake shaking, a recent U.S. Geological Survey report shows. A USGS-led team of more than 50 scientists and engineers in the latest USGS National Seismic Hazard Model created a color-coded map that …
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New FEMA Rules Aim to Cut the Red Tape of Disaster Recovery

By Hometown Insurance | January 22, 2024
Anyone who has lived through a natural disaster and then applied to the federal government for assistance knows that it can be a lengthy, frustrating and bureaucratic process. New rules announced Friday by the federal agency in charge of emergency …
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Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk

By Hometown Insurance | January 22, 2024
For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The calculus around natural disasters such as hurricanes and cyclones fed record gains at funds managed by firms including Tenax Capital, …
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Class Action Filed Over Builders Mutual’s Own Data Breach in 2022

By Hometown Insurance | January 22, 2024
North Carolina-based Builders Mutual Insurance Co. has become one of the first mid-size property/casualty insurers to face a class-action lawsuit over a data breach on its own computer system, a 2022 cyber attack that may have exposed the personal data …
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37 Massachusetts Communities Qualify for State Disaster Aid for December Flooding

By Hometown Insurance | January 22, 2024
Thirty-seven Massachusetts communities damaged by flooding last year will be getting a share of $10 million in disaster relief funding, the governor’s administration said Saturday. The funding being released is from the supplemental budget the Legislature passed and Gov. Maura …
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Family of Inmate Who Died by Suicide in Virginia Jail Gets $1.75M From PsychIatrist

By Hometown Insurance | January 22, 2024
The family of a man who died by suicide at a Virginia jail after his antipsychotic medication was discontinued has received a $1.75 million settlement in a civil lawsuit. Records at U.S. District Court in Alexandria show that the family …
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