Posts by Hometown Insurance
Viewpoint: Somali Piracy Is Back – Fueled by Political Turmoil, Aid Cuts and Iran War
On the evening of April 26, the Egyptian merchant vessel Sward was hijacked by armed men a few miles off the Somali coast. It was steered towards an anchorage near the port of Garacad in Puntland, a semi-autonomous state in …
Read More Extreme Heat Could Cost Germany up to $131 Billion by 2030, Analysis Shows
Extreme heat could cost Germany up to $131 billion by 2030 and shave up to 3% off economic output if recent heat wave patterns persist, an analysis from Allianz Trade showed on Thursday. Germany faces losses of up to $131 …
Read More People Moves: Davis & Towle Names Kneeland, Promotes Cole in Commercial Lines
Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, appointed John Kneeland as commercial lines manager and promoted Sherri Cole to assistant commercial lines manager. Both positions are effective June 1. Kneeland brings extensive insurance industry experience to Davis …
Read More Insurance Australia Settles in Greensill Federal Court Case
Insurance Australia Group Ltd. said it has agreed to a settlement of proceedings brought by Greensill Bank AG and its insolvency administrators. IAG said the settlement won’t have a material impact on its financial position, according to a statement on …
Read More Massachusetts Man Hid Payroll to Skirt Taxes, Lower Workers’ Compensation Costs
A Massachusetts man pleaded guilty in federal court in Boston this week to payroll tax avoidance and workers’ compensation insurance fraud, prosecutors reported. According to the U.S. attorney’soffice, Henry Lam, of Lowell, used cash payments to employees to hide his …
Read More Google Engineer Charged With Insider Trading on Polymarket
A Google software engineer was charged with insider trading on Polymarket, where he allegedly made more than $1 million betting on one of last year’s most popular Internet searches. Michele Spagnuolo was charged in a complaint unsealed Wednesday in federal …
Read More Trump Files Fresh $10 Billion Suit Over WSJ’s Epstein Story
President Donald Trump filed a new version of his $10 billion libel lawsuit against the Wall Street Journal and its parent company News Corp. over an article about his alleged close ties to Jeffrey Epstein, after an earlier version of …
Read More Pollution and Forever Chemicals Threaten Health of Michigan’s Rivers
Michigan may be known as the Great Lakes state, but most of its residents have a river to thank for their hometown’s existence. “Just looking at settlement patterns in Michigan tells us a lot about how important our rivers are,” …
Read More Ohio to Halt Data Center Tax Credits as Opposition Grows
Ohio will pause incentives for future data center projects, following a directive from the governor to halt the tax credits while a committee studies the impact of the projects on the state’s economy. The pause is not a complete ban …
Read More Tesla Reveals Its Texas Robotaxi Fleet Is Dwarfed by Waymo’s
Tesla Inc. has just 42 vehicles operating as robotaxis in Texas almost a year after Elon Musk launched the service, a small fraction of the fleet commanded by rival Waymo. The official count was revealed for the first time in …
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