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Insurance

Voluntary Evacuations Help Firefighters Contain New York State Forest Wildfire

By Hometown Insurance | November 18, 2024
A voluntary evacuation of homes over the weekend helped New York firefighters continue their progress in containing a state park wildfire near the New Jersey border. The state requested that residents in about 165 homes in Warwick, New York evacuate …
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Shadow Banks to Face Reins on Leverage Following Watchdog Probe

By Hometown Insurance | November 18, 2024
Global watchdogs will move to rein in leverage at non-banks early next year, the Financial Stability Board promised on Monday, more than a year after its chair signaled a probe into mounting borrowings at hedge funds, private capital markets and …
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Struggling Businesses at Corner Where George Floyd Was Murdered Sue Minneapolis

By Hometown Insurance | November 18, 2024
MINNEAPOLIS (AP) — Several business owners at the struggling corner where George Floyd was murdered by a Minneapolis police officer in 2020 are suing the city to demand it take over their properties and compensate them. The owners of the …
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Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance

By Hometown Insurance | November 18, 2024
Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to the social network, the US tech giant’s first ever penalty for EU antitrust violations. In a groundbreaking …
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Super Typhoon Man-yi Lashes Philippines’ Main Island

By Hometown Insurance | November 18, 2024
Super Typhoon Man-yi battered parts of the Philippines with powerful winds and intense rains as it made its way across the main island on Sunday. Man-yi, known locally as Pepito, made landfall over the coastal Aurora province on Sunday after …
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Markets/Coverages: BMS Offers Comprehensive Insurance Solution for Wine Producers

By Hometown Insurance | November 18, 2024
BMS Group, the London-based independent specialist insurance and reinsurance broker, announced the launch of BMS Bacchus, a stock-throughput solution designed to protect wine across all stages of production, storage and transit, from harvested grapes to finished product. BMS Bacchus is …
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Smithfield to Pay $2 Million in Minnesota Child Labor Violation Settlement

By Hometown Insurance | November 18, 2024
MINNEAPOLIS (AP) — Smithfield Foods, one of the nation’s largest meat processors, has agreed to pay $2 million to resolve allegations of child labor violations at a plant in Minnesota, officials announced Thursday. An investigation by the Minnesota Department of …
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Bullet Strikes Body of Southwest Plane Without Injuries at Dallas Airport

By Hometown Insurance | November 18, 2024
DALLAS (AP) — A bullet struck the body of a Southwest Airlines airplane preparing for departure from a Dallas airport, forcing the cancellation of the Friday evening flight, the airline said. No injuries were reported and law enforcement was contacted …
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Amazon, SpaceX to Test US Labor Board’s Powers at Conservative Appeals Court

By Hometown Insurance | November 18, 2024
A U.S. labor board whose enforcement powers are being challenged in a series of lawsuits is set to defend itself from attacks by Amazon.com and Elon Musk’s SpaceX in a conservative U.S. appeals court, as the agency also braces for …
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Musk Escalates Altman Legal Feud, Casting OpenAI as Monopolist

By Hometown Insurance | November 18, 2024
Elon Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence and sacrificing safety in a race to get ahead. In a revised version …
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