Posts by Hometown Insurance
Fairmatic in California Rebrands as LEEO With New Leadership
San Francisco, California-based Fairmatic, a commercial insurance company delivering data-driven fleet insurance using AI-powered technology and telematics, has rebranded and now has a new leadership team. LEEO officially launched on Monday after what the company says is a “a strategic …
Read More Gas Explosion in San Francisco Bay Area Damaged Homes, 6 Hospitalized
A gas explosion set off a major fire in a San Francisco Bay Area neighborhood last week after obliterating at least one home, blowing out windows and shaking nearby houses. Six people were taken to hospitals for injuries, fire officials …
Read More EU Announces New Sanctions on Companies and Individuals Over Russian Oil
The European Union has adopted fresh sanctions targeting companies and individuals accused of helping Moscow to circumvent Western sanctions on oil exports that help to fund Russia’s war in Ukraine. The EU has imposed 19 packages of sanctions so far, …
Read More India’s Nuclear Bill Spares Suppliers from Accident Liability
India’s new nuclear energy bill will spare equipment suppliers from liability in case of incidents, among other sweeping changes to the sector. The government introduced the bill in the lower house of parliament, seeking lawmakers’ approval on Monday. The existing …
Read More Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court
A settlement paid by stocks rather than money is a covered loss that must be paid by an insurer, the Delaware Supreme Court has affirmed. The state’s high court agreed with a lower court’s ruling that the definition of “loss” …
Read More Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft
A new broker is now suing Howden US and a pair of former employees for allegations of poaching and theft of trade secrets. Last week Aon Risk Services Cos. filed suit in U.S. District Court for the Southern District of …
Read More India’s Cabinet Approves Opening Up of Insurance, Nuclear Sectors, Sources Say
India’s cabinet has approved sweeping changes to atomic energy laws and fully opened the insurance sector to foreign investors, two government sources said on Friday, key policy moves aimed at attracting billions of dollars in two critical sectors. India, which …
Read More Germany Summons Russian Envoy Over Surge in Cyberattacks
Germany’s foreign ministry summoned the Russian ambassador in Berlin and said it made it clear there’ll be consequences for hybrid attacks backed by the government in Moscow aimed at undermining democracy. “We have observed a massive increase in threatening hybrid …
Read More Deadliest Morocco Flooding in Two Decades Leaves Dozens Dead
Flash flooding left at least 37 people dead in a city on Morocco’s Atlantic coast, the North African country’s deadliest such incident in more than two decades. Search and rescue operations remained underway in Safi on Monday after heavy rains …
Read More FEMA to Send Georgia $300M in Helene Aid After Accusations of Delays
The Federal Emergency Management Agency on Friday announced it would send $350 million in funding to localities and electric cooperatives for relief efforts following Hurricane Helene and Tropical Storm Debby. The announcement comes two months after Democratic U.S. Sen. Raphael …
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