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Posts by Hometown Insurance

American Air Fined Over Treatment of Travelers With Disabilities

By Hometown Insurance | October 23, 2024
American Airlines Group Inc. agreed to a $50 million civil penalty to resolve claims by the Biden administration that the carrier violated US rules protecting airline passengers with disabilities. A US Transportation Department investigation found that American damaged or delayed …
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Honda Recalling 780,000 Vehicles in North America on Fuel Pump Concern

By Hometown Insurance | October 23, 2024
Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel. A fuel leak in the presence of an ignition source could increase the risk of a fire, the automaker told …
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Akron to Pay $4.8M to Family of Black Man Killed by Police

By Hometown Insurance | October 23, 2024
The family of Jayland Walker, a Black man killed when eight police officers fired 94 bullets at him after he shot at least one round out his car window, will receive a $4.8 million settlement from the city of Akron, …
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Helicopter Crashes Into Radio Tower Near Downtown Houston, Killing 4

By Hometown Insurance | October 23, 2024
HOUSTON (AP) — Four people aboard a helicopter were killed when it crashed into a radio tower in Houston and burst into flames, officials said. The helicopter went down just before 8 p.m. Sunday in a neighborhood east of downtown …
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Energy Company Seals Well in West Texas 19 Days After it Exploded

By Hometown Insurance | October 23, 2024
ODESSA — A Houston-based energy company has sealed a hemorrhaging well in West Texas 19 days after it exploded, sending a torrent of water and other chemicals dozens of feet into the air. The company, Kinder Morgan, said that workers …
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AM Best Assigns Superior Credit Rating to Iowa-Based Berkley Luxury

By Hometown Insurance | October 23, 2024
AM Best has assigned a Financial Strength Rating (FSR) of A+ (Superior) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) to Berkley Luxury Insurance Company (Berkley Luxury), based in Urbandale, Iowa. The outlook assigned to the FSR …
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BHP Says Claim it Put Profit Over Safety ‘Unjustified’ in Brazil Dam Collapse Case in UK

By Hometown Insurance | October 23, 2024
BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil’s worst environmental disaster were “far-fetched and unjustified,” as the miner opened its defense to a mammoth lawsuit at London’s High Court. More than 600,000 Brazilians, …
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UK Warns of Grain Threat After Russia Steps Up Port Attacks

By Hometown Insurance | October 23, 2024
An increase in Russian attacks on Ukrainian port infrastructure in recent weeks threatens food shipments to destinations from Gaza to southern Africa, the UK warned. British intelligence has detected a “noticeable increase in Russian risk appetite,” leading to at least …
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AIG Plans to Consolidate Atlanta Ops Into Innovation Hub

By Hometown Insurance | October 23, 2024
American International Group, better known as the global insurance enterprise AIG, said it will consolidate its Atlanta-area operations into a huge new innovation hub in Brookhaven, on the north side of the city. The 180,000-square-foot workspace on Summit Boulevard Northeast …
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Cash-Flush Florida Tries to Buy Back Its Bonds for First Time

By Hometown Insurance | October 23, 2024
Florida bond investors are about to have an unusual decision to make — whether to sell their debt back to the state that issued the securities in the first place. The state is offering its first ever buyback, or what’s …
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