Posts by Hometown Insurance
EU Proposes Exempting Maritime Pilot Services From Russia Oil Ban
The European Union proposed making so-called pilot services exempt from sanctions targeting the transfer of Russian oil that are set to kick in this year to punish Moscow for its invasion of Ukraine. The exception, which would allow shipowners to …
Read More Russia May Start Providing Trade Finance to Importers of Its Grain: Agriculture Minister
Russia may start providing trade finance to importers of its grain as sanctions imposed on Moscow since it sent troops to Ukraine affect this financial instrument, Agriculture Minister Dmitry Patrushev said. Russia, the world’s largest wheat exporter, is working with …
Read More New York Surgeon Pleads Guilty to Participating In $31M Trip-and-Fall Fraud
A New York doctor last week pled guilty to performing unnecessary surgeries as part of a scheme by doctors and lawyers to obtain insurance reimbursements and other compensation from fraudulent trip-and-fall accidents, according to federal prosecutors. A litigation funding company …
Read More Ian Again Shows the Risks and Costs of Living on Barrier Islands
When Hurricane Ian struck Florida’s Gulf Coast, it washed out the bottom level of David Muench’s home on the barrier island of Sanibel along with several cars, a Harley-Davidson and a boat. His parents’ house was among those destroyed by …
Read More Analysis Shows Climate Change Increased Ian’s Rainfall Amounts by 10%
Human-induced climate change, long denied by some elected officials in the states pounded by Hurricane Ian, made the storm’s most extreme rainfall about 10% worse than it would have been without two centuries of greenhouse gas pollution, according to a …
Read More Indonesia Soccer Stampede Kills at Least 131 as Police Use of Tear Gas Questioned
At least 131 people died after police fired tear gas to dispel rioters at a soccer match in Indonesia, triggering a stampede as fans panicked and ending in one of the world’s worst stadium disasters. Questions are being raised over …
Read More Optus’ Parent Company Singtel Assesses Potential Cost of Australia Data Breach
Singapore Telecommunications said on Monday it was assessing the potential cost of a massive cyber-security breach at its Optus arm, Australia’s second-largest telco, 12 days ago. In its second comment on the breach of private data from 10 million accounts, …
Read More Generali Weighs Deal With U.S. Asset Manager Guggenheim Partners
Assicurazioni Generali SpA is exploring a deal with US investment firm Guggenheim Partners to bolster its asset management business, according to people familiar with the matter. Italy’s biggest insurer has held informal talks on options ranging from a full acquisition …
Read More Peloton, Lululemon Settle Lawsuit Over Women’s Apparel Line
Peloton Interactive Inc. has reached a settlement of a lawsuit in which Lululemon Athletica Inc. accused the exercise bike maker of infringing its patents by developing a line of apparel for women. Without admitting wrongdoing, Peloton has agreed to phase …
Read More Judge Dismisses Mexico Lawsuit Against Gun Manufacturers
A U.S. federal judge on Friday dismissed a lawsuit brought by the Mexican government against U.S. gun manufacturers arguing their commercial practices has led to bloodshed in Mexico. Judge F. Dennis Saylor in Boston ruled Mexico’s claims did not overcome …
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