Posts by Hometown Insurance
Sequel Insurance Agencies Acquires Texas’ Watkins
Sequel Insurance Agencies, powered by SIAA, a leading independent insurance agency platform and perpetuation partner for entrepreneurial agencies, announced its acquisition of Watkins Insurance Group including five office locations across Austin and Central Texas. This transaction marks another strategic milestone …
Read More Merger Suits Stall Under DOJ Boss Who Opposes Blocking Deals
A nearly $1 billion takeover by a defense supplier that Pentagon officials previously faulted for overcharging the military may serve as the latest test of how light a touch the US Justice Department is willing to take on corporate mergers. …
Read More Iran Tells UN It Has Right to Control ‘Parts’ of Hormuz Strait
Iran told the United Nations’ shipping agency that it has authority over parts of the Strait of Hormuz, the waterway that’s a centerpiece of peace talks between Washington and Tehran. “Parts of the Strait of Hormuz fall within the territorial …
Read More Ugandan Farmers to Challenge $5.6 Billion Pipeline in UK Lawsuit
A group of Ugandan farmers will on Tuesday file a lawsuit in the UK High Court against the East African nation’s $5.6 billion crude pipeline, potentially delaying long-awaited exports due to begin later this year. The petition says the 1,450-kilometer …
Read More Premiums Will Skyrocket by 2035, and Discounts Not Enough for Wind Mit, Studies Say
Home fortifications, from roof tie-downs to window protections, have been recognized as key factors in reducing losses, claims and premiums in hurricane-prone states like Florida. But relying on the incentive of premium discounts is not enough to prompt widespread adoption …
Read More Judge Approves $46.75 Million Payout for 23andMe Data Breach Victims
A U.S. bankruptcy judge on July 7 approved a $46.75 million settlement for victims of a 2023 data breach at the genetic testing company 23andMe, which exposed genetic and other personal information of an estimated 6.9 million customers. U.S. Bankruptcy …
Read More NTSB Finds No Engine Failure in Deadly Missouri Skydiving Plane Crash
Federal safety investigators said in a new preliminary report that they found no indication that engine failure caused the fiery crash of a plane on a skydiving outing last month in Missouri that killed all 12 people aboard, including several …
Read More Sompo to Acquire Service Insurance Companies to Expand US Workers Comp
Sompo International Holdings Ltd. said it has a definitive agreement to acquire Service Insurance Companies, a monoline workers’ compensation insurance company. Terms of the transaction were not disclosed. “Together with Service Insurance Companies’ seasoned leadership team and proven workers’ compensation …
Read More Midtown Manhattan Buildings Evacuated After Collapse Warning
Construction crews were pulled from a 37-story Midtown Manhattan building Tuesday morning after bricks were reported falling from the 21st floor, emergency officials said, prompting building evacuations and street closures in one of the city’s busiest corridors. Pedestrian and vehicular …
Read More LNG Tanker at Risk of Exploding After Two Vessels Struck Near Strait of Hormuz
A Qatari LNG tanker was at risk of exploding and a Saudi-flagged crude oil tanker was damaged near the Strait of Hormuz, sources said on Tuesday, after reports that Iran fired missiles at ships in the waterway overnight. The Al …
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