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Posts by Hometown Insurance

Fusion Specialty Europe Launches Branch in Madrid, Led by DUAL’s Cibin

By Hometown Insurance | July 3, 2023
Fusion Specialty Europe announces the launch of its Southern Europe branch in Madrid, and the appointment of Filippo Cibin as partner, effective immediately. Cibin will lead the expansion of Fusion into Southern European, as part of its continued growth strategy …
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Wind Turbines That Shake and Break Cost Their Maker Billions

By Hometown Insurance | July 3, 2023
Wind turbines make money when they spin. But when they shake, it can cost billions. Siemens Energy AG is struggling to contain the fallout after discovering a main piece on the frame of its wind turbine can move or twist …
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More Than 17 Million Properties Face Substantial Flood Risk: Study

By Hometown Insurance | July 3, 2023
More than half of the U.S. population resides in a county that is likely to experience stormwater system failure due to flooding from heavy rainfall events, according to a new report published by First Street Foundation. Another 17.7 million properties …
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Supreme Court to Consider Scope of Workplace Bias Law

By Hometown Insurance | July 3, 2023
The U.S. Supreme Court on Friday agreed to decide whether workers can bring discrimination lawsuits based on unwanted workplace transfers that were allegedly motivated by bias, an issue that can make or break many cases. The justices took up a …
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BNSF Railway Wins New Trial in $228M Biometric Ccase

By Hometown Insurance | July 3, 2023
A U.S. judge on Friday ordered a new trial on damages against BNSF Railway in a privacy class action, in a ruling that wiped out an award of $228 million to truck drivers who accused the freight railway giant of …
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Travelers Vows Changes to Golf Course After PGA Tournament’s Low Scores

By Hometown Insurance | July 3, 2023
Changes will be made to the TPC River Highlands after record low scoring during the recent PGA Tour’s Travelers Championship, tournament officials said. Andy Bessette, Travelers’ executive vice president and chief administrative officer, told The Associated Press that officials at …
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Report Says Driver of Tanker Truck Lost Control on Off-Ramp, Causing I-95 Collapse

By Hometown Insurance | July 3, 2023
The driver of a tanker truck hauling gasoline lost control on a curved off-ramp on Interstate 95, causing the truck to flip and catch fire, leading to the collapse of the northbound lanes in early June, federal safety officials said …
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Three Florida Men Charged with Insider Trading on Trump Media IPO

By Hometown Insurance | June 30, 2023
Three Florida men were arrested Thursday and charged with illegally making more than $22 million by insider trading ahead of the public announcement that an acquisition firm was going to take a media company owned by former President Donald Trump …
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Frustration After Former NFL QB, Nine Others Drown at Florida, Alabama Beaches

By Hometown Insurance | June 30, 2023
A firefighter from Georgia and two fathers who drowned while trying to save their children are among at least 10 recent victims of dangerous rip currents along Gulf of Mexico beaches stretching across Florida’s Panhandle to Mobile, Alabama. Many of …
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Senate Confirms Humphreys as Pennsylvania Insurance Chief

By Hometown Insurance | June 30, 2023
The Pennsylvania Senate this week unanimously confirmed Michael Humphreys to serve as the state’s insurance commissioner. Governor Josh Shapiro nominated Humphreys, who previously served as acting commissioner, to the top position at the Pennsylvania Insurance Department in January. Humphreys succeeded …
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