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Insurance

Growing Fire in Southern California Prompts Evacuations

By Hometown Insurance | July 8, 2024
A wildfire that erupted in Southern California has burned more than 20,000 acres, prompting an evacuation order and threatening ranches, including Michael Jackson’s former Neverland Ranch. The Lake Fire erupted on Friday northeast of Los Olivos, growing to become the …
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Investing in Climate Resilience Really Pays Off, Allstate, Chamber Study Shows

By Hometown Insurance | July 8, 2024
Weather-related catastrophes are increasing in frequency and intensity, and billion-dollar disasters are becoming the norm. The U.S. averages about 10 disasters costing more than $1 billion each year. Investing in resilience and preparedness won’t prevent these losses, but they can …
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The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits

By Hometown Insurance | July 8, 2024
Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson’s Baby Powder – and she’s pursuing a lawsuit her daughter started a decade ago, alleging the company’s talc …
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Pongamia Tree Moves in on Florida Citrus, Promises Climate Resilience, Protein

By Hometown Insurance | July 8, 2024
An ancient tree from India is now thriving in groves where citrus trees once flourished in Florida, and could help provide the nation with renewable energy. As large parts of the Sunshine State’s once-famous citrus industry have all but dried …
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Fireworks Started New Jersey Forest Fire That Burned 4,000 Acres: Officials

By Hometown Insurance | July 8, 2024
Fireworks have been identified as the cause of the wildfire burning in New Jersey’s Wharton State Forest. The fire, which has burned more than 4,000 acres, was 75% contained by Sunday, officials said. The New Jersey Forest Fire Service reported …
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Hospital to Pay $300K to Resolve Drug Recordkeeping Allegations

By Hometown Insurance | July 8, 2024
A New Hampshire hospital has agreed to pay $300,000 to resolve allegations that it violated federal law by failing to keep accurate records of controlled substances, including opioids, the U.S. attorney’s office said. The Drug Enforcement Administration began an investigation …
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Banks Face Record Number of UK Lawsuits as Economy Stumbles

By Hometown Insurance | July 8, 2024
Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down. Almost three new cases involving financial services firms were filed every day on average at …
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Catastrophe Bonds Dodge Losses After Beryl Hits Jamaica

By Hometown Insurance | July 8, 2024
Investors in bonds intended to help Jamaica cover the costs of a natural catastrophe won’t be affected by the havoc wrought by Hurricane Beryl, even as the prime minister declares the entire Caribbean island a disaster area. As the earliest …
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Corporate France Braces for New Era of Political Turmoil

By Hometown Insurance | July 8, 2024
France’s business elite is anxious about volatile politics, inexperienced policymakers, street protests and a possible wave of bankruptcies in the coming months, executives meeting in Provence said ahead of Sunday’s parliamentary election. Corporate leaders gathered on Friday and Saturday in …
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Investors Put UK Election Winner Labour on Credibility Watch

By Hometown Insurance | July 8, 2024
Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets until Prime Minister Keir Starmer can convince them his economic growth plans are credible. Sterling GBP=D3, …
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