Posts by Hometown Insurance
Grand Jury Declines to Indict Anyone in Deadly Collapse of Hard Rock Hotel in New Orleans
NEW ORLEANS (AP) – A grand jury in Louisiana has decided against indicting anyone in the deadly collapse four years ago of a Hard Rock Hotel that was under construction in New Orleans. The panel, which heard evidence in the …
Read More Failure of Component Caused Washington Seaplane Crash That Killed 10, NTSB Says
U.S. investigators have confirmed that a mechanical issue caused the seaplane crash that killed 10 people off an island in Washington state last year. The National Transportation Safety Board, which investigated the Sept. 4, 2022, crash, said Thursday that a …
Read More World Insurance Acquires Trucking Specialist Oakwood/Insure Big Rig, of New Jersey
World Insurance Associates announced that it acquired the business of Oakwood Insurance Agency, LLC, also doing business as Insure Big Rig, of Califon, New Jersey on October 1, 2023. Oakwood has been providing trucking insurance to customers since 2011. The …
Read More Global Economic Losses From Extreme Weather Could Hit $5 Trillion: Lloyd’s
Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace Lloyd’s of London said on Wednesday. Lloyd’s, which carried out …
Read More Finland Says Damage to Gas Pipeline, Telecoms Cable Likely Result of Deliberate Act
A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have been damaged in what may have been a deliberate act, the Finnish government said on Tuesday. NATO Secretary General Jens Stoltenberg said NATO …
Read More Cyber Pro Talks Managing Insider Threats, Building a Cybersecurity Career
Boyd Clewis’s journey to building a career in cybersecurity began with learning how to persevere and problem solve in the face of setbacks – advice he now shares with companies for managing their cyber risk. After having to drop out …
Read More Spanish Airline Air Europa Hit by Data Breach of Credit Card System
Spanish airline Air Europa has suffered a cyberattack on its online payment system that let some of its customers’ credit card details exposed, the company said on Tuesday. The airline emailed customers whose credit card details were affected and notified …
Read More Oil Tanker Adrift in Indian Ocean Is Latest Reminder of Dangers of Shadow Fleet
A 26-year-old oil tanker adrift in the Indian Ocean is drawing the attention of industry watchers and maritime safety officials, the latest stark reminder of the human and environmental risks posed by a shadow fleet hauling Russian crude around the …
Read More India Insurance Startup Raises Funds at $650 Million Valuation
Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than $650 million. Investors including Japanese giant Mitsubishi UFJ Financial Group Inc. and insurer BNP Paribas Cardif participated in the funding …
Read More Use of Weather Derivatives Surges as Extreme Climate Events Rock the Globe
Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on the weather, as they seek to protect themselves against – or profit from – the increasingly extreme global climate. On …
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