Posts by Hometown Insurance
NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge
New York City restaurants are running out of ways to outrun inflation. CakeBurgers, an East Harlem eatery that serves hamburgers and cakes shaped like hamburgers, turned off its air conditioning — even as temperatures in the city this summer routinely …
Read More The Hartford Completes Deal for Equitable’s Employee Benefits Book
The Hartford on Oct. 13 said it completed its buy of Equitable’s employee benefits business to bolster the insurer’s growth in the small and midsized employer segment. The move will bring in about $500 million in premium in non-medical benefits, …
Read More Edison Drops on Willful Misconduct Allegations in Eaton Fire Case
Edison International shares fell over 3% on Tuesday after short seller Muddy Waters said it had uncovered new information suggesting the utility acted with “conscious” or “willful” disregard in the Eaton Fire. Related: Southern California Edison Chief Warns Wildfire Impasse …
Read More FAA Tells US Airlines to Exercise Caution in Saudi Arabia Flights, Citing Safety Risks
The Federal Aviation Administration told US airlines to exercise caution when flying to or over Saudi Arabia, citing safety threats tied to ongoing military activities and navigation system interference. The FAA Notice to Airmen, which lasts until December 10, follows …
Read More Etude Launches E&S Carrier with $100M Surplus
Etude launched Etude Specialty Insurance Company, a technology-driven excess and surplus lines carrier for commercial property and casualty. Etude Specialty is domiciled in Nebraska, has more than $100 million of surplus, and will write in all 50 states. Etude also …
Read More Iran Escalates Attacks on Ships, Threatening Oil Export Recovery
Iranian attacks on ships crossing the Strait of Hormuz have surged, potentially threatening the recent recovery in Persian Gulf oil exports. People working in the shipping industry said there were signs that the flow of cargoes through the waterway may …
Read More RT FLEX Expands Across Property, Casualty, Construction, and Executive and Professional Liability Lines
Chicago-based RT Specialty and Ryan Alternative Risk, the wholesale brokerage and alternative risk divisions of Ryan Specialty, have expanded RT FLEX, a proprietary follow-line facility that gives RT Specialty brokers access to additional capacity across a broad range of specialty …
Read More SpaceX Plan to Launch 456 Starships a Year in Texas Under Review
SpaceX is proposing to increase the number of Starship launches and landings it conducts out of its Starbase facility in South Texas to hundreds of flights each year, a plan currently being reviewed by the US government. The US Federal …
Read More Harbor Emerges From Stealth With $10M Funding to Handle AI-Agent Risk
New company Harbor said it has emerged from stealth to help with the risks of deploying AI agents. San Francisco-based Harbor starts with $10 million in seed funding from Base10 Partners, Abstract and 8VC. Harbor said it helps companies measure …
Read More Rider Dies, Others Hurt on Six Flags Roller Coaster in Georgia
A rider has died and several others injured after an accident involving a roller coaster at the Six Flags Over Georgia park, the Associated Press reported, citing the police in Cobb County. Videos posted online show passengers being evacuated from …
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