Posts by Hometown Insurance
Tory Peer-Linked Firm Supplied Unsafe Gowns During COVID, Health Department Alleges
The controversial firm linked to a Tory peer supplied 25 million protective gowns that were unusable and failed safety tests during the pandemic in 2020, the UK’s health department alleged in a lawsuit seeking to recover £133 million ($160 million). …
Read More JPMorgan Must Face Suit by Ray-Ban Maker Unit Over Cyber Theft
JPMorgan Chase Bank NA will have to face a lawsuit by a unit of the French maker of Ray-Ban glasses that claims the bank ignored suspicious transactions as cybercriminals drained $272 million from its New York bank account. Essilor Manufacturing …
Read More Duke Energy Blames Rolling Blackouts on Perfect Storm of Issues
Duke Energy Corp. executives on Tuesday blamed a convergence of widespread extreme cold, higher than projected demand, malfunctioning plant equipment and the inability to buy power elsewhere for rolling blackouts on Christmas Eve _ the first for the company in …
Read More Markets/Coverages: CNA Hardy Offers Enhanced Product Suite for UK Tech Businesses
CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the latest addition to its specialist technology product suite. The product, called “Technology Package+” offers an updated, comprehensive suite of coverages including advanced cyber …
Read More Trader Joe’s Sued Over Lead, Cadmium Levels in Dark Chocolate
Trader Joe’s was sued on Wednesday by a consumer who accused the grocery chain of misleading and endangering shoppers by selling dark chocolate that contains harmful levels of lead and cadmium. The proposed class action was filed in the federal …
Read More People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK
Aon Names Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA Insurance broker Aon plc has named Agostino (Ago) Fulciniti as head of strategy execution for Commercial Risk Solutions in EMEA, effective Jan. 1, 2023. In this new …
Read More As Legal Pot Grows, More Kids Sickened By Edibles at Home
The number of young kids, especially toddlers, who accidentally ate marijuana-laced treats rose sharply over five years as pot became legal in more places in the U.S., according to a study published Tuesday. More than 7,000 confirmed cases of kids …
Read More U.S. FCC Proposes Additional Spectrum for Drone Communications
The U.S. Federal Communications Commission (FCC) on Wednesday proposed new rules to make licensed radio spectrum in the 5 GHz band for the rising number of unmanned aircraft systems, or drones, in use. Currently, drones typically operate under unlicensed and …
Read More Florida Workers’ Comp Division Busy with Panel Review, Hearings, Rule Changes
The Florida Office of Insurance Regulation’s Division of Workers’ Compensation is having a busy January. Starting today, Jan. 5, the Division of Workers’ Compensation will hold meetings on key medical reimbursement issues. The division also has posted proposed changes to …
Read More California Commissioner Alert Notes Coverage for Floods and Mudslides Caused by Wildfires
California Insurance Commissioner Ricardo Lara on Wednesday issued a formal notice to insurance companies reminding them of their legal duty to cover damage from any future mudslide or similar disaster that is caused by recent wildfires that weakened hillsides, as …
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