Posts by Hometown Insurance
To Shield Its Parishes, Vermont Diocese Wants to Pull Its Bankruptcy Filing
Facing a ruling that could expose its local parishes and schools to liability, no progress in settlement talks, and rising litigation costs, the Roman Catholic Diocese of Burlington, Vermont has taken the unusual step of asking the U.S. bankruptcy court …
Read More California AG Bonta Issues Subpoena to OpenAI over AI Cybersecurity Risks
California Attorney General Rob Bonta has issued an investigative subpoena to OpenAI, as part of a broader inquiry into cybersecurity incidents and risks related to its AI models, his office said on Thursday. Last month, Bonta announced that the Department …
Read More No Lights, No Radio: Getting Oil Through Strait of Hormuz Is a Risky Job
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the US Navy to tell …
Read More Police Arrest Dual UK-Iranian National Over Airbase Plot
UK police said they arrested a sixth man, a British-Iranian dual national, in relation to an incident near an airbase used by the US to launch strikes on Iran. The 27-year-old man was arrested in London on suspicion of preparation …
Read More US States Challenge Corteva Spinoff as Bid to Evade PFAS Liabilities
Fifteen US states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company’s best assets from tens of billions of dollars in potential liabilities tied to …
Read More International Criminal Court, AXA Cut Ties Amid Trump Campaign Against Court
The International Criminal Court has ended its contract with French life and health insurer AXA starting October 1 and will now be using a new health insurance provider, a spokesperson for the Hague-based court said. The spokesperson gave no reason …
Read More ANZ to Drop Scandal-Hit KPMG Australia as Auditor After 57 Years
ANZ Group Holdings Ltd. will part ways with KPMG Australia as its longtime external auditor, adding pressure on the accounting giant that has been grappling with the fallout from allegations it improperly used confidential client information to win business. The …
Read More Ohio Mutual Completes Merger of Idaho-Based Gem State
The merger of Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure has been completed, effective Oct. 1, the company announced. The organization plans to add new products and additional benefits to members …
Read More Wisconsin Workers’ Comp Rates Decrease for 11th Straight Year
Wisconsin workers’ compensation rates will decrease by approximately 2% over the coming year, making the 11th straight year the state has seen premiums decline. The rate decrease, which went into effect October 1, saves an estimated $36 million for policies, …
Read More Trump’s Proposed Ban on Diesel Exports Could Hurt Texas Refineries
The Trump Administration is pushing for a 90-day ban on diesel exports intended to rapidly lower climbing fuel prices for consumers, a proposal that, if enacted, will hurt the constellation of Texas refineries in the Gulf Coast and deal a …
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