Posts by Hometown Insurance
Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey
Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen …
Read More Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech
Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market. The Karachi-based company took over MicroEnsure Pakistan, a unit of MIC …
Read More Tanzanian Plane Crashes Into Africa’s Lake Victoria, Killing 19
Nineteen people died after a passenger plane crashed into Africa’s largest lake on approach to an airport in northwestern Tanzania, Radio One cited Prime Minister Kassim Majaliwa as saying. The ATR turboprop aircraft was carrying 39 passengers from Tanzania’s commercial …
Read More Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought
A hack on an Australian health insurer appears to be far larger than initially suspected, with the company saying it will refuse to pay a ransom for the theft of data. The attack on Medibank Private Ltd. exposed the data …
Read More Ruling Exposes Gov’t to $1.6B In Damages Because of Hurricane Harvey Flooding
A federal court in late October found the US government liable for $455,000 in damages to six claimants whose homes were flooded by water backed up behind two dams near Houston during Hurricane Harvey — but that’s just for starters. …
Read More Deadly Tornadoes Hit Texas and Oklahoma, Flatten Buildings
Residents in southeastern Oklahoma and northeastern Texas began assessing weather damage Saturday, working to recover and thankful to have survived after a storm stretching from Dallas to northwest Arkansas spawned tornadoes and produced flash flooding, killing at least one, injuring …
Read More NBA’s Spurs Sued by Ex-Team Psychologist for Sexual Misconduct
Police have begun investigating allegations that former San Antonio Spurs guard Joshua Primo exposed himself on multiple occasions to a former team therapist during counseling sessions. Dr. Hillary Cauthen filed a lawsuit against the Spurs and Primo, claiming the 19-year-old …
Read More NTSB Again Calls for Seat Belts on School Buses After Deadly Crash
The National Transportation Safety Board on Thursday renewed its call for seat belts on school buses after completing an investigation of a 2020 crash in Tennessee that killed the driver and a 7-year-old girl. The investigation corroborated an initial report …
Read More Ahem, Florida Lawmakers: State Insurance Market Badly Needs an Oil Change
As the Florida Legislature prepares for its 2nd Special Session on property insurance in 2022, it’s time we examine why our market sputtered out of control and discuss the necessary solutions to fix it. Many Floridians are wondering: How could …
Read More Florida Workers’ Comp Agency Sets Workshop for Rules on Exempt Officers
The Florida Division of Workers Compensation will hold a workshop Nov. 16 on proposed changes to rules that govern when and how corporate officers can exempt themselves from workers’ compensation coverage. Current rules mandate that only those businesses organized under …
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