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Posts by Hometown Insurance

Starbucks Restores Scheduling App Taken Down by Hack to Vendor

By Hometown Insurance | December 13, 2024
Starbucks Corp.’s system for logging employee hours is back online nearly three weeks after a vendor hack had forced the company to keep track of schedules by hand. Starbucks worked with third-party software supplier Blue Yonder Group, which was hit …
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Workers’ Comp Mega Claims Total $1B-Plus Yearly, Multiagency Study Shows

By Hometown Insurance | December 13, 2024
Mega claims in workers’ compensation represent far less than 1% of total workers’ comp claims yet account for more than 2% of total loss dollars, and total in excess of $1 billion each year, a new study from 10 state …
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US Appeals Court Tosses Nasdaq Board Diversity Rules

By Hometown Insurance | December 13, 2024
A U.S. appeals court on Wednesday ruled that Nasdaq could not impose rules designed to increase diversity in corporate America by requiring companies listed on the exchange to have women and minority directors on their boards or explain why they …
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Trump’s Antitrust Trio Heralds Big-Tech Crackdown to Continue

By Hometown Insurance | December 13, 2024
President-elect Donald Trump’s antitrust picks are likely to take a hard-line on the tech giants, and a harder line on corporate consolidation than the average Republican. All three of the new administration’s selections – Gail Slater as DOJ antitrust chief, …
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Offshore Driller Asks Judge to Block Insurers’ Demands for $250M Collateral

By Hometown Insurance | December 13, 2024
W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies’ demands for $250 million in additional collateral for taking apart old oil infrastructure. The offshore drilling industry faces mounting …
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New York Considers Making Property Insurers Cover Taxi Claims Losses

By Hometown Insurance | December 12, 2024
New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several options under discussion as the state’s …
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People Moves: HDI Global Promotes Schulte as Global Head of Marine; Amwins Global Risks Hires Ewing to Lead Transactional Risk Practice

By Hometown Insurance | December 12, 2024
This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. A summary of these new hires follows here. HDI Global Promotes Schulte as Global Head of Marine HDI Global has promoted Dr. Carsten Schulte as …
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Texas Sues Chemical Manufacturers for Deceptive PFAS Marketing

By Hometown Insurance | December 12, 2024
Texas Attorney General Ken Paxton filed a lawsuit on Dec. 11 against manufacturers 3M and DuPont for misrepresenting the health risks of products made with forever chemicals The lawsuit alleges the companies for decades manufactured, marketed, and sold an array …
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Florida Board Revokes Butt-Lift Doctor’s License, Three Years After Patient Died

By Hometown Insurance | December 12, 2024
Florida’s Board of Medicine has revoked the medical license of a doctor who performed Brazilian butt-lift surgery, three years after his license was restricted after a botched surgery killed a patient. Dr. Christopher Walker, who had operated at a spa …
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Digital Lloyd’s Syndicate Ki to Become Standalone Business Within Fairfax Group

By Hometown Insurance | December 12, 2024
Brit Ltd. and Ki announced that Ki will operate as a standalone company within the Fairfax Group, effective Jan. 1, 2025. Ki was incubated and launched by Brit in 2020 and began writing business on Jan. 1, 2021 with its …
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