Posts by Hometown Insurance
Parts of Northern US Shut Down Ahead of Massive Winter Storm
MINNEAPOLIS (AP) – States in the northern plains are largely shutting down ahead of a massive winter storm that could dump up to 2 feet of snow in some areas, accompanied by strong winds and dangerously cold temperatures. The blizzard-like …
Read More Norfolk Southern CEO Apologizes to Ohio Residents, Vows to ‘Do What’s Right’
Norfolk Southern NSC.N will take responsibility for cleaning up the environmental damage from this month’s train derailment and controlled detonation of hazardous materials in East Palestine, Ohio, its chief executive said on Wednesday. The comments by CEO Alan Shaw to …
Read More Chubb Announces Name of New Global Climate Unit, Appoints 3 Execs
Chubb announced the name for its new global climate business unit, Chubb Climate+, while appointing three executives who have joined the business unit’s leadership team. Chubb Climate+, which was launched in January, will provide insurance products and services to businesses …
Read More DOL Recovers OT Pay for NC Workers Misclassified as Independent Contractors
More than 180 workers at a North Carolina company will receive about $1,000 each in overtime pay after the U.S. Department of Labor found that the workers had been misclassified as independent contractors. “Employers who improperly misclassify employees as independent …
Read More Bent Track a Factor in Deadly Montana Amtrak Crash
Investigators probing a fatal 2021 Amtrak derailment in Montana disclosed that the railroad track was bent along a curve near the accident site, and the problem got worse as freight trains traveled over the area before the crash. Details on …
Read More Tanker Detained by Spain Did Not Cause Pollution, Turkish Manager Says
A tanker that was detained by Spain and accused of discharging fuel in open waters near the northeastern port city of Tarragona did not cause any pollution and followed regulations, its Turkish manager said on Wednesday. Spanish authorities said on …
Read More With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. “So long as these mismatched pockets persist, our growth will be more muted, …
Read More Florida Art Dealer Pleads Guilty in Warhol Forgery Scheme
A South Florida art dealer pleaded guilty in federal court Tuesday in connection with a scheme involving the sale of fake Andy Warhol paintings. Daniel Elie Bouaziz, 69, pleaded to a single count of money laundering in Fort Pierce federal …
Read More Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS estimated on Feb. 23 that economic …
Read More Thunderstorms, Possible Tornadoes Ravage Central New Jersey
After a rare tornado warning was issued Tuesday, a strong line of thunderstorms ripped through central New Jersey with powerful winds that caused many trees to be ripped out of the ground in Pennington and West Windsor. Some of the …
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