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Posts by Hometown Insurance

Florida TV News Crews Reeling After Reporter, 2 Others Gunned Down in Orlando

By Hometown Insurance | February 24, 2023
A Florida television station identified Thursday a 24-year-old reporter who was fatally shot while covering a shooting death in an Orlando area neighborhood, as well as its photojournalist who was critically injured in the rampage. Spectrum News 13 reporter Dylan …
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Ukraine to Set Up $500M Insurance Fund for Cargo Ships Entering Ports

By Hometown Insurance | February 24, 2023
Ukraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on Friday, as Kyiv tries to boost exports that are vital for its war-hit economy. Ukraine is a major producer and …
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Georgia Lawmakers Pare Back Bill that Would Increase Truck Weight Limits

By Hometown Insurance | February 24, 2023
Georgia lawmakers are watering down a bill to allow heavier trucks on state highways after widespread opposition to the original measure by state and local officials. Rep. Steven Meeks, a Screven Republican, described the changes as “just really paring this …
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Fire at Tennessee Uranium Processing Complex Contained

By Hometown Insurance | February 24, 2023
A fire that broke out Wednesday at the Y-12 National Security Complex in a building where uranium is processed has been contained, officials said. The fire at the facility in Oak Ridge, Tennessee, was reported shortly after 9 a.m. in …
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Shipping Industry Intensifies Calls to Free Seafarers Still Trapped by Russia-Ukraine War

By Hometown Insurance | February 24, 2023
The global shipping industry is stepping up calls for the United Nations and aid groups to help evacuate hundreds of seafarers on more than 60 merchant vessels that are still stuck in Ukrainian ports a year after Russia’s invasion. In …
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Consilium Launches Specialty Treaty Reinsurance Division

By Hometown Insurance | February 24, 2023
Consilium, the global speciality re/insurance broking business of the Aventum Group, announced the launch of a new Specialty Treaty Reinsurance division. The new treaty division will complement Consilium’s existing worldwide broking operations including its FAC division launched last month. It …
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Declines in Maternal Death Rates Stall Amid Increases in U.S., EU

By Hometown Insurance | February 24, 2023
Declines in pregnancy- and childbirth-related deaths that took place over a decade and a half have stalled since 2015, as rates increased in some of the world’s wealthiest regions. Maternal mortality increased by 17% in Europe and North America from …
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Chile Finalizes Major Earthquake Insurance With World Bank

By Hometown Insurance | February 24, 2023
Chile is finalizing a deal with the World Bank for insurance against high-intensity earthquakes that would impact the country’s fiscal policy and public debt, the Finance Ministry said on Thursday. “The insurance would allow Chile to receive pre-established compensation payments, …
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Liberty Mutual Tackling U.S. Personal Lines Challenges

By Hometown Insurance | February 24, 2023
The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported underwriting losses and waning policy growth in the segment in 2022. President and Chief Executive Officer Tim Sweeney reported overall …
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Earlier Warning Might Have Spared Ohio a Derailment, NTSB Says

By Hometown Insurance | February 24, 2023
A U.S. train derailment that spilled toxic chemicals in an Ohio town might have been avoided if the railway company’s alarm system had given engineers an earlier warning that bearings were overheating, the chair of the National Transportation Safety Board …
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