Posts by Hometown Insurance
Son of Ponzi-Accused Georgia Building & Loan Founder Now an Insurance Agent
The former co-leader of a collapsed Georgia savings and loan, a lending firm that is now the subject of state and federal Ponzi scheme investigations, has been granted an insurance producer’s license in the state. Edwin Brant Frost V, who …
Read More People Moves: Marsh McLennan Appoints Mathews Digital Infrastructure Leader; Loop Hired to Lead AXA XL Media Liability
Marsh McLennan, headquartered in New York City, appointed Mike Mathews as global digital infrastructure leader. Based in Boston, Mathews brings over 25 years of specialized industry experience to this newly created position, having worked with companies and investors across key …
Read More High Winds Battered Water-Logged Northwest, Cutting Power to Half-A-Million
High winds toppled trees and power lines across parts of Washington state and Idaho this week, killing one adult and critically injuring two children, knocking out power to thousands and compounding the damage already wrought by heavy rains and flooding. …
Read More 11 Firefighters and 2 Others Injured After NC House Explosion and Fire
Eleven firefighters and two other people were injured in a house fire explosion in the Piedmont region of North Carolina, officials said. Salisbury Fire Chief Bob Parnell said firefighters did not have life-threatening injuries but were getting treated for contusions, …
Read More A 10-Hour Data Center Outage Is Testing the Ambitions of KKR, GIP
Data center operators are fixated on the “five nines” — an expectation that they’ll keep the infrastructure behind financial markets, e-commerce and artificial intelligence running 99.999% of the time. So as news rippled out last month that a CyrusOne facility …
Read More More US Beef Plants May Close as Cattle Herds Keep Tightening
American beef plants are under threat as the number of cattle destined for their facilities stays far below historical levels, reflecting the smallest herd in more than half a century. Cattle placed in US feedlots, where animals are fed until …
Read More Ben & Jerry’s Board Says More Directors Face Removal
Ben & Jerry’s independent board late on Wednesday said in a filing that its new corporate parent, the Magnum Ice Cream Company, is forcing three more directors to complete training and other requirements or face removal. Ben & Jerry’s, newly …
Read More Kerr County Officials in Race to Build $5M Flood Warning System Before Next Texas Flood Season
With the next Texas flood season just months away, Kerr County officials say they’re in a race to build a long-planned flood warning system estimated to cost up to $5 million — and they’re depending on the state to contribute …
Read More AI Threatens to Displace Workers, Bank of England’s Bailey Warns
Artificial intelligence is likely to displace British workers even as it makes the country more productive, Bank of England Governor Andrew Bailey said in his most stark warning yet on the technology’s impact. Bailey said on Friday that the UK …
Read More Russia Is Trying to Overwhelm Europe With its Sabotage Campaign: Western Officials
In November, a train carrying almost 500 people came to a sudden halt in eastern Poland. A broken overhead line had smashed several windows, and the track ahead was damaged. Elsewhere on the line, explosives detonated under a passing freight …
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