Posts by Hometown Insurance
Vehicle Hits Revelers During Lao New Year Celebration in Rural Louisiana
Several people were injured when a vehicle struck revelers at a parade celebrating the Lao New Year on Saturday in rural Louisiana, authorities said. The driver was quickly arrested and charged with impaired driving, police said. Video shared on social …
Read More EPA, HHS to Monitor Drinking Water for Microplastics and Pharmaceuticals
The U.S. Environmental Protection Agency and Department of Health and Human Services announced that they will monitor the impact of microplastics and pharmaceuticals on drinking water, the first step toward assessing their health risks and shaping new policies. The joint …
Read More Old Republic Opens New Company for Specialty Property
Old Republic International Corporation said it is forming a new operating company, Old Republic Property, Inc., to underwrite specialized property insurance products through a national retail broker distribution network. The company will be led by Patrick Hagerty as president. Hagerty …
Read More US Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners
The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway. The move announced Friday is …
Read More March Sadness: 20,00 New England Customers Lose Out on $50 Million in Refunds
The University of South Carolina women’s basketball team saved the insurer for a New England furniture company millions of dollars by beating the University of Connecticut team 62-48 last Friday night. At the same time, 20,000 New Englanders missed a …
Read More Private Credit Sector Stresses Could Be Catastrophic, but Not Just Yet
Some investors think private credit is a tempest in a teapot. Others think it is about to spark a new financial crisis. Depending on the time horizon, both sets of views about the esoteric sector may be right. Signs of …
Read More Trump Risks Confidence in US Role as Guardian of Global Shipping
Of all the things Donald Trump has done to disrupt global commerce, from levying punitive tariffs to tearing up trade deals, few would be as consequential as withdrawing and leaving the rest of the world to secure the Persian Gulf. …
Read More CFPB Prepares Final Lending Rule to Narrow Civil Rights Protections
The U.S. federal watchdog agency for consumer finance expects to finalize new regulations proposed in November that would narrow key civil-rights-era antidiscrimination requirements for lenders, according to a government website. The new policy from the Consumer Financial Protection Bureau would …
Read More FBI Calls Breach of Sensitive Agency Networks a ‘Major Incident’
The Federal Bureau of Investigation has concluded that last month’s breach of the networks it uses to manage wiretaps and other surveillance work qualifies as a “major incident,” signaling the severity of an intrusion that had already prompted the agency …
Read More People Moves: Liberty Mutual Restructures Leadership of GRS, LMI
Liberty Mutual Insurance late last week announced a new leadership structure across the company’s Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses. Vlad Barbalat has been appointed president, Global Risk & Capital Solutions, and will continue to serve …
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