Posts by Hometown Insurance
Norfolk Southern Falls Short of Safety Standards, Says Federal Regulators
OMAHA, Neb. (AP) __ Norfolk Southern made improvements after one of its trains derailed, caught fire and spilled toxic chemicals near an Ohio town, but the company is nowhere near the “gold standard for safety” it is striving to be, …
Read More Growing ‘Greenlash’ Fuels Fears for Europe’s Environmental Ambitions
A growing ‘greenlash’ against Europe’s environmental agenda has not so far derailed its decarbonization plans, but looming elections could put future climate and nature measures at risk. The European Union (EU) has burnished its role as a leader on climate …
Read More Grass Fire Near Austin, Texas Destroys Building, Displacing Hundreds of Residents
CEDAR PARK, Texas (AP) – A grass fire near Austin, Texas, spread into trees near an apartment complex and condominiums, destroying one of the buildings and forcing hundreds of residents from their homes. Two people suffered minor injuries in the …
Read More Train Derails in Swiss Gotthard Tunnel, Halting Key Freight Route
A freight train derailed in the Gotthard tunnel in Switzerland, blocking passage through a key route linking Northern and Southern Europe. The accident in the world’s longest railway tube — which goes through the Gotthard massif in the Swiss Alps …
Read More Ukraine Announces ‘Humanitarian Corridor’ for Ships Stuck in Black Sea Ports
Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since the outbreak of war, a new test of Russia’s de facto blockade since Moscow abandoned a deal last month to …
Read More Global Insurance M&A Drops Sharply in First Half 2023
Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a new report has found. M&A were down 17% worldwide during the first half of 2023, according to Clyde & Co’s Insurance Growth …
Read More Political Violence in Polarized US at Its Worst Since 1970s
As Kristen King’s husband lay dying in their yard from three gunshots to his head, the 911 operator asked her: Did she know who killed him – or why? Sobbing, King identified the shooter as her neighbor in the small …
Read More Embattled Louisiana Law Firm Raised $40M from Florida Hedge Fund, Partner Says
McClenny Moseley & Associates, the embattled law firm that filed thousands of hurricane-damage lawsuits in Louisiana, raised a total of $40 million from private investors, one of its founding partners said during a court hearing on Tuesday. Zachary Moseley provided …
Read More Heritage Insurance Reports Third Straight Quarter of Profit after Shedding Policies
Tampa-based Heritage Insurance Holdings reported a $7.8 million profit for the second quarter of this year, along with an improved combined ratio, thanks in part to higher premiums and reduced exposure in Florida. The black ink is a marked improvement …
Read More Takeaways from Our Conversation on Insurtechs in Cannabis
You don’t hear a lot about insurtechs and cannabis, but one firm aims to change that paradigm. SquareRisk principals say they aim to transform the wholesale distribution model for specialty insurance, building partnerships with more than 15 specialty insurance carriers …
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