Posts by Hometown Insurance
Kentucky Approves 18th-straight Decrease in Workers’ Comp Loss Costs
Kentucky’s Insurance Commissioner has approved a 6.4% decrease in average workers’ compensation loss costs for the state, making it the 18th consecutive drop in costs for most Kentucky employers. “The decreased claim figures make Kentucky an appealing state to do …
Read More Acapulco’s Economic Losses Seen at $15 Billion as Hurricane Otis Death Toll Rises
Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds of 165 miles (266 kilometers) per hour, smashing shops and wrecking apartment buildings and hotels. State authorities have reported 27 …
Read More RMS Brokerage Acquires Clancy & Clancy in New York
RMS Insurance Brokerage, LLC announced that it has acquired Garden City, New York-based Clancy & Clancy Brokerage LTD (C&C). An independent insurance agency founded in 1956 by the late Maureen and Cummin Clancy, C&C offers commercial and personal lines insurance …
Read More FEMA Raises Federal Cost Share to 90% of Eligible Hurricane Ian Recovery in Florida
The Federal Emergency Management Agency has raised the federal cost share for funding assistance, potentially making millions more dollars available for Hurricane Ian recovery efforts in Florida, the agency said Wednesday. FEMA Administrator Deanne Criswell said in a bulletin that …
Read More Jury Awards $270K in Baylor University Suit Brought by Former Student
A federal jury found Baylor University negligent in a Title IX lawsuit and awarded $270,000 to a former student who alleged she was physically abused by a football player in 2014 during a period of wide- ranging scandal at the …
Read More Flights Delayed and Canceled at Texas Airport After 2 Private Jets Clip Wings on Airfield
Flights were delayed and canceled this week at Houston`s William P. Hobby Airport as crews cleaned up after two private jets clipped wings when they were moving on the airfield, officials said. No injuries were reported and the city fire …
Read More Amazon Injuries More Widespread Than Thought, Study Says
More than two-thirds of Amazon.com Inc. US warehouse workers surveyed by researchers reported that they took unpaid time off to recover from pain or exhaustion sustained on the job. The new national study, published Wednesday by the University of Illinois …
Read More Bankman-Fried Could Take Stand at Fraud Trial Over FTX Collapse
Sam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-bankrupt cryptocurrency exchange FTX of stealing billions of dollars from customers. Defense lawyer …
Read More Australia Court Rules Carnival Negligent Over Cruise’s COVID Risks in Landmark Ruling
A cruise operator that failed to cancel a voyage from Sydney that led to a major COVID-19 outbreak was ruled negligent in its duty of care to passengers in an Australian class-action case Wednesday. The Ruby Princess ocean liner left …
Read More Probe of Damaged Baltic Sea Pipeline, Telecoms Cable Focuses on Chinese-Owned Ship
Estonia’s investigation into a damaged Baltic Sea telecoms cable will focus on the actions of a Chinese-owned vessel, the country’s prosecutor general said, after Finland blamed damage to a nearby pipeline on a ship. Early on Oct. 8, a gas …
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