Posts by Hometown Insurance
Texas Doesn’t Require Training for All Emergency Coordinators
In legislative hearings after last year’s July 4 floods, the state’s emergency management chief made some recommendations to state lawmakers. They included empowering the agency to vet volunteers who show up after disasters and establishing clearer guidelines for local officials …
Read More Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts
The insurers of the Nord Stream pipelines don’t have to pay €580 million ($662 million) after a judge ruled that the sabotage of the pipes bringing Russian gas into Europe was the consequence of the war in Ukraine. Nord Stream …
Read More Hellman & Friedman’s Hub International Seeks $3 Billion in IPO
Insurance broker Hub International Holdings Inc. is seeking to raise about $3 billion in its initial public offering, according to people familiar with the matter. The Hellman & Friedman-backed company is targeting going public as soon as this year, some …
Read More Viewpoint: Methuselah Mutuals
Precious few U.S. corporations have been in business for two centuries. Among them are King Arthur Flour (1790), CIGNA (1792), Jim Beam (1795) and Brooks Brothers (1818), although the storied suit-maker entered bankruptcy proceedings in 2020 due to a plunge …
Read More Europe Faces Weeks of Extreme Heat as Fire and Power Risks Build
Western Europe is bracing for the summer’s third major heat wave, fueling dangerous wildfire conditions and straining power systems across the region. A high-pressure weather system is set to bring heat wave conditions this week to France, southern England and …
Read More Japan-Linked Ships Escaping Hormuz in Convoy Through Iran Route
At least eight ships controlled by Japan’s Mitsui OSK Lines Ltd. are heading out of the Strait of Hormuz using a route close to Iran, including some of the last trapped oil tankers to exit the waterway. The vessels include …
Read More People Moves: AIG Nabs Aon’s Williams for New Client, Broker Relationships Role
American International Group (AIG) said it has hire Christine Williams to be head of global client and broker relationships. Williams will begin this new role at AIG on Sept. 1 and report to Jon Hancock, CEO of AIG’s General Insurance …
Read More New York City Investigating Legionnaires’ Disease Outbreak on Upper East Side
The New York City Health Department is investigating a cluster of 18 cases of Legionnaires’ disease in the Upper East Side neighborhoods of Carnegie Hill and Yorkville. The city reports there have been no deaths associated with this cluster. Legionnaires’ …
Read More Tiger’s Hospital Records to be Handed Over to Prosecutors in DUI Case
Prosecutors are allowed to review medical records related to Tiger Woods ‘ March vehicle crash and subsequent arrest in Florida on suspicion of driving under the influence, a judge has ruled. Judge Darren Steele approved an agreement last week between …
Read More Co-Owner of Maine Lumber Mill Dies of Injuries From Fire and Explosion
The co-owner of a Maine lumber mill has died from injuries he sustained during a fire and explosion at the facility, bringing to three the number of fatalities. Alden J. Robbins died last Thursday from injures he suffered in the …
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