Posts by Hometown Insurance
Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5
Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine. The plan is meant to punish Russia while at the same time …
Read More Sunshine Insurance Begins Taking Investor Orders for $950 Million IPO
Chinese insurer Sunshine Insurance Group Co. is seeking to raise as much as HK$7.4 billion ($950 million) in its Hong Kong initial public offering. Beijing-based Sunshine Insurance started taking investor orders for about 1.15 billion new shares on Wednesday, according …
Read More Russia Seeks to Boost Recognition of its Shipping Insurance to Dodge Sanctions
Moscow is seeking to bolster the recognition of Russian maritime cargo insurance to allow it to ship oil and related products abroad in the face of Western sanctions, a government official was quoted as saying on Tuesday. Western sanctions imposed …
Read More Walmart Sued by Employee Over Deadly Shooting
An employee at the Walmart in Chesapeake, Virginia, where a supervisor fatally shot six people last week, filed a lawsuit on Tuesday against the company, claiming she and others had warned management about the shooter’s behavior and that nothing was …
Read More Florida Amusement Park Fined $250,000 After Teen’s Fatal Fall
The operator of an Orlando amusement park ride from which a Missouri teenager fell to his death should pay a $250,000 fine and can never hold a ride permit in Florida again, state officials said Tuesday. Fourteen-year-old Tyre Sampson fell …
Read More Maryland’s Smith Island Commits to Rebuilding Community, Rejecting Buyouts
SMITH ISLAND, Md. (AP) — For the people of Smith Island, weather guides a way of life as much as the tranquil atmosphere for which it has become known. Hurricanes with names like Hazel, Agnes, Isabel and Irene become part …
Read More Report on Deaths of Workers at Veterans Hospital Finds Protocols Not Followed
A federal investigation released Monday of a hot steam accident that killed two workers conducting maintenance on a boiler system at a Veterans Affairs hospital in Connecticut substantiates a whistleblower’s allegations that employees did not follow proper protocols to control …
Read More ALKEME Acquires Dealer Insurance Services in California
ALKEME acquired Dealer Insurance Services in Laguna Hills, California. Dealer Insurance Services will continue to operate under its current brand. Dealer Insurance Services specializes in benefits, with a focus on the auto dealer industry. ALKEME is based in Ladera Ranch, …
Read More Massachusetts Man Pleads Guilty in Physical Therapy Insurance Scam
A Boston man pleaded guilty in federal court in connection with a scheme to defraud an insurance company for physical therapy services that were not provided to patients, according to prosecutors. Officials said Slava Pride pleaded guilty to one count …
Read More Report from California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models
Associations representing insurers operating in California on Tuesday released an analysis from Milliman showing wildfire catastrophe models would improve homeowners’ access to insurance in the face of climate-induced wildfire risk. The analysis was commissioned by the Personal Insurance Federation of …
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