Posts by Hometown Insurance
ECB Official Warns of ‘Chronic’ Climate Risk as Weather Shocks Mount
The European Central Bank’s top climate official says a pattern is emerging whereby the cumulative impact of extreme weather shocks is morphing into its own risk category. There is a “chronic impact that is slowly surfacing,” Irene Heemskerk, head of …
Read More Register: Risky Future AI Tools for Digital Quoting ‘Demo Day’ on September 30
Insurance Journal’s Risky Future series is hosting the “AI Tools for Digital Quoting” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance carriers, retail agents, managing general agencies, agency principals, product leaders. This event will highlight …
Read More Nor’easter Begins Tapering Off After 1 Death and Weekend of Flooding, Power Ourtages
A powerful Nor’easter storm with heavy rains and strong winds that took at least one life and flooded low-lying communities continued to menace the Mid-Atlantic and New England states today. The National Weather Service said the storm will continue to …
Read More Florida AG Sues Roofing Firm After Dozens of Complaints About Unfinished Work
Florida’s attorney general has filed suit against a high-profile roofing company with offices around the country, seeking penalties, refunds to homeowners, and a court order that would bar the firm from further deceptive actions. Evolve Construction & Restoration and six …
Read More Mexico’s Pacific Coast Braces for Hurricane Polo’s Life-Threatening Landfall
Mexican authorities urged residents of Baja California Sur to prepare for the imminent arrival of Hurricane Polo on Monday, warning of life-threatening winds and flash floods. Restaurant and store owners in the coastal cities of Loreto and Ciudad Constitucion boarded …
Read More China, US Agree to Tariff Cuts on $60B of Goods Like Agriculture, Household Items
China and the United States have agreed to cut tariffs imposed on $60 billion worth of goods imported from each other, on an array of products ranging from US corn to cosmetics, and from Chinese household appliances to toys. Under …
Read More Nearly 100% of US Now Covered by NOAA’s Flood Mapping Tool
NOAA’s National Weather Service announced that Flood Inundation Mapping (FIM), a tool for predicting river flooding, has expanded from prior coverage of 60% of the country to 100%. The experimental mapping tool produces estimates of land area covered in water …
Read More Low Rhine Levels Force Companies to Adapt to New Climate Normal
The halls of the Development Center for Ship Technology and Transport Systems in Duisburg, Germany are lined with model ships, small-scale prototypes of vessels that may end up working on Europe’s busiest waterway, the Rhine. This year, DST’s researchers are …
Read More UK Monitored Threats and Raised Security at Base Before Incident
UK authorities were closely monitoring increased threats to a British airbase used by the US and had tightened security at the site before an attempted attack was foiled, according to people familiar with the matter.Five men were arrested on Sunday …
Read More Vitol Told Deutsche Bank That Radiant Contracts With CFO’s Signature Were Fake
Vitol Group told Deutsche Bank AG in early August that contracts with Radiant World purportedly signed by Vitol’s chief financial officer weren’t real, according to a court ruling in Singapore. The confirmation from Vitol was one of the key factors …
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