Posts by Hometown Insurance
Kentucky Governor Says Storm Relief Fund ‘Open Book’ for Review
Donations that poured into a tornado relief fund started by Kentucky’s Democratic governor have been spent or pledged, but Republicans are pushing for greater legislative oversight after reports surfaced that some checks went to people unaffected by the tragedy. Gov. …
Read More More Than 100 Firefighters Battled Huge Industrial Site Fire in North Carolina
More than a dozen fire departments responded to a massive fire early Saturday at an industrial site in Wayne County, North Carolina. County officials say the blaze, with flames as high as a three-story building at one time, was reported …
Read More Howden’s Aston Lark to Acquire UK Broker Allegiance Insure
Aston Lark, a Howden company, announced it has agreed terms to acquire the independent broker Allegiance Insure Ltd. Financial details of the deal were not disclosed. London-based Allegiance Insure was established by Charles Wintour in 2015. The company specializes in …
Read More Court Orders Nestlé to Pay $2.2 Million to Bullied Former Executive
Nestlé SA must pay a former executive 2 million Swiss francs ($2.16 million) after she was bullied and forced out of the company, the newspaper Tages Anzeiger reported, citing a local appeals court ruling. The Canton of Vaud Court of …
Read More Maersk Sues Evergreen in Danish Court Over 2021’s Suez Canal Blockage
Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in 2021, claiming compensation for delays caused by the incident. The …
Read More Vermont Regulators Remove Possibly Contaminated Marijuana From Stores
Vermont regulators have removed marijuana potentially contaminated with a pesticide from five retail stores after a consumer reported feeling sick after smoking some. Vermont’s Cannabis Control Board issued a consumer protection warning last week for all strains of marijuana produced …
Read More Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks
Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a leadership team consisting of industry experts. The office aims to build and scale Liberty Mutual’s cyber capabilities around the world, …
Read More Norway’s $1.35 Trillion Wealth Fund: We Won’t Back Boards Who Fail on Climate
Norway’s $1.35 trillion wealth fund will step up its engagement with companies over their management of climate risk by voting against board members it deems are not doing enough on the issue, it said on Thursday. Investing the state’s revenues …
Read More European Medicines Agency Committee Starts Safety Review of Cold Medicines
A European Medicines Agency (EMA) committee said on Friday it has started a review of decongestant medicines for cold and flu that contain the ingredient pseudoephedrine following safety concerns. The EMA said the review was due to reports of conditions …
Read More India’s Kotak Mahindra Bank Weighs Sale of Stake in General Insurance Unit: Sources
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter. The lender is working with an adviser on the potential sale of a …
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