Posts by Hometown Insurance
Wisconsin Sawmill to Pay $191,000 and Cease Hiring Children Under 16 Following Teenager’s Death on the Job
MADISON, Wis. (AP) – A northern Wisconsin sawmill has agreed to pay nearly $191, 000 and stop hiring children under 16 to settle a federal lawsuit labor regulators filed after a teenager was killed on the job this summer and …
Read More Judge Rules Against Consumer-Watchdog Anti-Discrimination Effort
A federal judge has ruled that the U.S. Consumer Financial Protection Bureau (CFPB) does not have broad authority to tackle discriminatory banking practices, handing a win to financial industry groups that sued the regulator. The American Bankers Association, the U.S. …
Read More KKR Invests Additional $1 Billion in USI to Become Largest Shareholder
USI Insurance Services said Monday that KKR is making a new equity investment of more than $1 billion to become USI’s largest shareholder. Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) in …
Read More Most Of West Maui Will Welcome Back Visitors Next Month
Most of West Maui will officially reopen to travelers Oct. 8 under a new wildfire emergency proclamation signed last week by Hawaii Gov. Josh Green. Nonessential travel to much of the island`s western coastline has been strongly discouraged since devastating …
Read More Wynn Resorts in Nevada to Settle Sexual Harassment Inaction Claim From Female Salon Workers
Wynn Resorts and nine unnamed women are settling a lawsuit alleging the casino company failed to investigate allegations that female employees were sexually harassed by former company CEO Steve Wynn, according to a court document. Attorneys for Wynn Resorts and …
Read More Kaiser to Pay $49M in California for Dumping Private Medical Records, Medical Waste
Kaiser Permanente has agreed to pay $49 million as part of a settlement with California prosecutors who say the health care giant illegally disposed of thousands of private medical records, hazardous materials and medical waste, including blood and body parts, …
Read More Insurance Industry Should Expect $100 Billion in Catastrophe Losses Every Year: Verisk
Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according to models …
Read More Death Toll for Idalia Rises to Four as Disaster Declaration Added for Georgia Counties
CROSS CITY, Fla. (AP) — An elderly man who was cleaning debris from Hurricane Idalia in north Florida when a tree fell on him has been declared the state`s third death from the Category 3 storm, officials said Thursday. The …
Read More Wetlands Permit Dispute Pauses Construction on $2B Scout Motors EV Plant in SC
BLYTHEWOOD, S.C. (AP) — Construction work has been temporarily stopped on a $2 billion new electric vehicle plant in South Carolina being built by a Volkswagen Group-backed group trying to revive a brand that was a forerunner to today’s SUVs. …
Read More Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber
Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation. The initiative, called Cyber Partnership Platforms, is designed to enable …
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