Posts by Hometown Insurance
Toymaker Mattel Agrees to Pay $3.5M to Settle SEC Charges
California-based Toymaker Mattel Inc has agreed to pay $3.5 million to settle U.S. Securities and Exchange Commission (SEC) charges over financial misstatements in 2017, the agency said on Friday. Mattel, which makes Barbie and Fisher-Price toys, incorrectly reported its losses …
Read More Everest Insurance Launches Branches in France and Germany
Everest Insurance, the insurance division of Everest Re Group Ltd., announced its further expansion into the European market with the opening of two new branches in Paris, France and Düsseldorf, Germany. Plans for a third European branch opening in Madrid, …
Read More Biden ‘Social Cost of Carbon’ Climate Risk Measure Upheld by U.S. Appeals Court
A U.S. appeals court on Friday upheld the “social cost of carbon” calculation used by President Joe Biden’s administration, which sharply boosts the price tag policy makers will put on the environmental impact of greenhouse gas emissions from that used …
Read More India’s Reliance Industries to Create Financial Services Unit for Its Consumer Businesses
Reliance Industries Ltd., will create a financial services unit to feed its consumer businesses that are contributing an increasing share of profits to the retail-to-refining conglomerate. It will also restructure the engineering and projects divisions as it sets about carrying …
Read More Climate Change at Top of Insurers’ Concerns, Followed by War-Related Risks
Climate change remains at the top of insurance companies’ biggest concerns even as Russia’s invasion of Ukraine stokes geopolitical and energy-related fears within the industry. Global warming is considered as the biggest risk to society in the next five to …
Read More Republican National Committee Sues Google Over Email Spam Filters
he Republican National Committee (RNC) filed a lawsuit against Alphabet Inc’s Google on Friday for allegedly sending its emails to users’ spam folders. The U.S. political committee accuses the tech giant of “discriminating” against it by “throttling its email messages …
Read More Tennessee Tech Develops Low-cost Sensors to Help Detect Flooding
Extreme rainfall events, and the dangerous floods that follow them, are happening more often in Tennessee. This risk grows as the climate warms. To respond to this risk, climate scientists, engineers and emergency mangers rely on environmental data — data …
Read More Florida Offering $5 Million to Help Needy Hurricane Victims Pay Insurance Deductibles
The Florida Housing Finance Corp. is providing $5 million to help low- to moderate-income families and individuals in six counties hit by Hurricane Ian to pay their homeowners’ property insurance deductibles, Gov. Ron DeSantis announced. The corporation serves as the …
Read More New Jersey Train Track Where 2 Were Killed Was Supposed to Be Closed for Repairs
Federal authorities say two construction workers struck and killed by a train earlier this month on a bridge between New Jersey and Pennsylvania were on a track that was supposed to have been taken out of service for planned concrete …
Read More Washington Selects Operator for Rideshare Driver Resource Center
The Washington State Department of Labor & Industries announced an agreement with the Drivers Union to create a Drivers Resource Center. The center will support drivers who provide ride services for passengers through a transportation network company platform, like Lyft …
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