Posts by Hometown Insurance
U.S. Agency Covering Matching Costs Following New Mexico Fire
The U.S. Department of Agriculture will waive cost-sharing requirements for New Mexico farmers and ranchers affected by the largest wildfire in the state’s recorded history. U.S. Sen. Ben Ray Luján announced that the agency will cover cost sharing for emergency …
Read More Thick smoke in western Washington and Oregon to soon clear
A haze of smoke covering parts of western Washington and Oregon is expected to clear before the week’s end, but only after the region reached a dubious distinction: Seattle and Portland briefly topped a list of large cities with the …
Read More Foggy Oregon Crash Involved Dozens of Vehicles, 1 Dead
One person was killed Wednesday morning in a multi-vehicle crash in heavy fog on Interstate 5 in Oregon. Crashes in the southbound lanes of the interstate north of Eugene involved about 60 vehicles including up to 20 semitrailers, Oregon State …
Read More Study: Cancer-Causing Gas Leaking from California Stoves, Pipes
Gas stoves in California homes are leaking cancer-causing benzene, researchers found in a new study published on Thursday, though they say more research is needed to understand how many homes have leaks. In the study, published in Environmental Science and …
Read More Study Traces COVID-19 Impact on New York Workers’ Compensation Claims
During the height of the pandemic, New York workers’ compensation indemnity payments increased while medical payments decreased. That’s according to a new report from the Workers Compensation Research Institute (WCRI) that found that indemnity benefits per claim grew 10% for …
Read More People Moves: SCOR Taps AXA XL’s Guest as Head of Crisis Mgmt; Former Beazley Exec Beattie Joins CFC as Head of Innovation; Allianz Trade Appoints New CEO
This edition of International People Moves details appointments at SCOR UK, CFC Underwriting, and Allianz Trade. A summary of these new hires follows here. SCOR Taps AXA XL’s Guest as Head of Crisis Management SCOR announced the appointment of David …
Read More Amazon Faces $1 Billion UK Class-Action Lawsuit Over Use of ‘Secretive’ Algorithm
Amazon.com Inc. faces a UK class-action lawsuit over claims the tech giant uses a “secretive” algorithm to abuse its dominant position in the online marketplace. Amazon has made millions of customers pay more by hiding better deals on platforms to …
Read More Volkswagen Sued for Not Disclosing Alleged Private Climate Lobbying Activities
Volkswagen AG was sued by institutional investors in Germany concerned that despite making public commitments to fighting climate change, the carmaker may be privately lobbying against its environmental ambitions. A group of Swedish public pension funds, Danish AkademikerPension and the …
Read More Ukraine Insurance Costs Pricier, Harder to Organize Than During Iraq War: Sources
Insurance for humanitarian workers, journalists, engineers and others heading to Ukraine is now more expensive and harder to organize than during the Iraq war. While initially nervous about providing cover in the immediate aftermath of Russia’s February invasion of Ukraine, …
Read More Taiwan’s Watchdog Says Insurers Have Enough Capital to Withstand COVID Claim Surge
Taiwan’s insurance industry has buffered itself against surging COVID claims after raising capital, the head of the island’s market regulator said. The property insurance companies have no problems fulfilling their obligations in paying claims so far, Huang Tien-mu, the chairperson …
Read More