Posts by Hometown Insurance
Hopes of ‘Brexit Benefit’ From Tariffs in UK Were Short-Lived
The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it …
Read More NYC Tourist Helicopter Crashes in Hudson River, Killing Six
A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …
Read More Sweden Ousts Top Financial Services Regulator After Public Outcry
Sweden ousted the country’s chief financial regulator amid a controversy over an apparent conflict of interest. Daniel Barr, head of the Financial Supervisory Authority, will leave his position on June 19 to work at another government office, according to a …
Read More Sarah Palin, New York Times to Face Off in Defamation Retrial
Sarah Palin and the New York Times are headed back to a courtroom where the former Alaska governor and Republican vice presidential candidate will try convincing a second jury the newspaper defamed her in an editorial about gun control. A …
Read More People Moves: Willis Names Spinelli Head of Transactional Insurance Claims; Amadori Joins Zurich From Markel to Head Management Liability
Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertical division, overseeing the entire life …
Read More Buffett’s Duracell Sued by BASF Over Lithium Battery Secrets
Billionaire investor Warren Buffett’s Duracell battery maker was accused by chemical producer BASF SE of stealing trade secrets about lithium ion battery technology. BASF, the world’s biggest chemical maker by revenue, claims in a lawsuit that Duracell, owned by Buffett’s …
Read More People Moves: World Insurance Names Robinson SE Revenue Leader
James “Jay” Robinson, formerly with Aon, has joined World Insurance Associates as Southeast division revenue leader, the brokerage announced. Robinson has more than 20 years of experience in the insurance industry and recently was senior vice president and sales director …
Read More Pennsylvania Approves Workers’ Compensation Loss Costs Drop of 8.67%
The Pennsylvania Insurance Department (PID) has approved a workers’ compensation filing with an 8.67% reduction in loss costs. New or renewal policies issued on or after April 1, 2025 will be subject to the new loss costs. Because loss costs …
Read More Utah Insurance Department Warns of Phony Policies Sold on Social Media
The Utah Insurance Department’s Fraud Division is warning consumers about an increase in fake auto insurance policies being marketed to the Hispanic community using WhatsApp. The department has not identified the sellers, but they believe them to be located outside …
Read More California’s Effort to Hold Oil Companies Liable for Natural Disasters Stalls
California lawmakers have blocked a bill to make oil and gas companies liable for damage to homes from natural disasters caused by climate change, warning it could raise gas prices. The bill would have allowed victims of natural disasters, including …
Read More