Posts by Hometown Insurance
Mideast Ship Insurance Costs Jump Following Iran-Israel Attacks
The cost of insurance for ships sailing in the Persian Gulf jumped as attacks between Iran and Israel raised risks for vessels in the area. Underwriters are now charging 0.2% of the value of a ship for calls into the …
Read More Planetary Waves Linked to Wild Summer Weather Have Tripled Since 1950: Study
Climate change has tripled the frequency of atmospheric wave events linked to extreme summer weather in the last 75 years and that may explain why long-range computer forecasts keep underestimating the surge in killer heat waves, droughts and floods, a …
Read More US Plans Texas Facility to Stop Flesh-Eating Cattle Pest
The US Department of Agriculture announced a plan to open an $8.5 million facility in South Texas to combat the spread of the New World screwworm, a flesh-eating bug that is deadly to cattle. The facility, expected to be completed …
Read More Oklahoma Insurance Department Expands Second Pilot Launch of Fortified Grants Program
The Oklahoma Insurance Department said that it has expanded its second pilot launch of OKReady, a program that allocates up to $10,000 in grant funds to residents to strengthen homes to the IBHS Fortified standard. OID announced that eight new …
Read More Illinois Manufacturer to Pay $520K Settlement Over Clean Air Act Violations
The U.S. Environmental Protection Agency announced a settlement with manufacturer Eakas Corp. for alleged Clean Air Act emissions violations at the company’s facility in Peru, Illinois. The company will pay $520,200 in penalties. Eakas produces various plastic and metal parts …
Read More South Padre, Texas Officials Worried About Potential FEMA Cuts
In the wake of the Trump administration’s announced plans to cut back on federal disaster spending, South Padre Island officials are concerned their beaches will be left vulnerable should a storm hit this hurricane season. City staff alerted City Council …
Read More Spain Reveals Details of Chain Reaction That Caused Outage
Spain’s most-detailed account yet of the missteps leading to April’s nationwide blackout failed to fully explain why the power grid was so unstable in the first place. Over 182 pages, including redactions that blot out the names of companies and …
Read More Brookfield’s Insurer Trims Private Credit, Citing Crowded Trade
Brookfield Corp.’s insurance unit has pulled back from investments in private credit as surging demand from rival bidders pushes yields down. Brookfield Wealth Solutions started to reduce its allocation to private credit six months ago, and is almost no longer …
Read More Former Ohio Doctor Loses Defamation Lawsuit Against Ex-Employers
A former Ohio doctor who was fired before being found not guilty on murder charges in the deaths of 14 patients lost a defamation lawsuit against his former employers on Monday, after a judge stepped in for a jury on …
Read More US Supreme Court Sets Test for Which Courts Can Hear EPA Cases
The U.S. Supreme Court established rules of the road on Wednesday to determine when lawsuits challenging actions by the U.S. Environmental Protection Agency related to air pollution and greenhouse gas emissions should be heard by regional appeals courts or an …
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