Posts by Hometown Insurance
Acturis Enters U.S. Market with Acquisition of Broker Buddha
After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York City, provides insurance brokers and carriers with a …
Read More Pennsylvania Socialite, Convicted of Millions in Insurance Fraud, Dies at 71
The judge called it a “spectacular” fall from grace after a well-known Pennsylvania socialite was convicted in 2019 of more than $13 million in insurance fraud. Four years later, the Bucks County woman, Claire Risoldi, has died at age 71, …
Read More Car App Jerry in California Gets $110M in Funding, Adds Services
Smart-car app maker Jerry received an additional $110 million in equity and debt financing to add its services designed to enable vehicle owners “manage all things car.” The Palo Alto, California-based company is adding GarageGuard to diagnose issues, remind car …
Read More Report: 244M in U.S. Felt at Least One July Day with Temps Likely Due to Climate Change
Eight-in-10 people around the globe in July were exposed to at least one day of heat made at least three times more likely by climate change, and 244 million people in the U.S. experienced at least one day in the …
Read More Texas Policy Protects Big Polluters From Citizen Complaints
PORT LAVACA — On a rugged stretch of the Gulf Coast in Texas, environmental groups called foul in 2020 when an oil company sought pollution permits to expand its export terminal beside Lavaca Bay. Led by a coalition of local …
Read More Oklahoma Governor Signs Executive Order Narrowly Defining “Female” and “Male”
OKLAHOMA CITY (AP) – Oklahoma Gov. Kevin Stitt on Tuesday directed state agencies to use narrow definitions of “female” and “male,” in the latest attack on transgender rights in a state that already has laws targeting bathroom use, health care …
Read More Lemonade Posts Q2 Loss of $67.2M, Reviews Homeowners Book
Artificial intelligence-powered insurer Lemonade recorded a net loss of $67.2 million for the second quarter compared with a net loss of $67.9 million a year ago during the same period. Catastrophes, specifically severe convective storms, weighed on the quarter’s results …
Read More Pipeline Operators to Pay $12.5M After Crude Oil Spills in Montana, North Dakota
The U.S. Environmental Protection Agency on Monday announced the settlement in a 2022 federal court lawsuit. Belle Fourche Pipeline Company and Bridger Pipeline LLC will pay the $12.5 million to resolve the claims made under the Clean Water Act and …
Read More Ohio’s Largest Rivers Show Great Improvement Since 1980s, Officials Say
COLUMBUS, Ohio (AP) – Ohio officials say a first-ever comprehensive study of the state`s largest rivers indicates great improvement in water quality over the past few decades. Gov. Mike DeWine and state environmental protection officials said Tuesday that the study …
Read More Norfolk Southern Changes Policy on Overheated Bearings After Ohio Derailment
OMAHA, Neb. (AP) – A minor coal train derailment in Virginia in early July prompted Norfolk Southern to rethink the way it responds to problems with overheating bearings, but it`s not clear why the railroad didn`t make similar changes months …
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