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Insurance

Ozempic Maker Novo Plans Another $4.1 Billion US Factory

By Hometown Insurance | June 26, 2024
Novo Nordisk A/S plans to invest $4.1 billion in another US factory, plowing more money into its biggest market amid rising discontent over the cost of its obesity and diabetes drugs. The project in Clayton, North Carolina, will double the …
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Florida Family Files Tort Action Against NASA After Space Debris Damaged Home

By Hometown Insurance | June 26, 2024
A family in Naples, Florida, has filed suit against NASA, contending that debris from the International Space Station damaged their home and mental well-being when it crashed through the roof in March. The claim, filed under provisions of the Federal …
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Hackers Grow More Sinister and Brazen in Hunt for Bigger Ransoms

By Hometown Insurance | June 26, 2024
A hack on a London hospital has left hundreds of millions of health records exposed and forced doctors to reschedule life-altering cancer treatments. In North America, a gang tried auctioning off data about LendingTree Inc. customers after finding credentials in …
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Zurich to Buy AIG’s Travel Insurance Business for $600 Million

By Hometown Insurance | June 26, 2024
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an additional payment if specific targets are met after the sale, which …
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Grocery Store Chain Settles Suit Alleging Sexual Harassment, Disability Discrimination

By Hometown Insurance | June 26, 2024
Regional grocery chain Weis Markets, Inc. has settled a sexual harassment and disability discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC) on behalf of an employee, the federal agency announced. The charges included mandating that an employee participate …
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Florida Governor Suspends City Councilwoman Indicted on Insurance Fraud Charges

By Hometown Insurance | June 26, 2024
A Florida city council member has vowed to return to office after Gov. Ron DeSantis suspended her over allegations that her clinic overbilled and defrauded health insurers. The Miami Herald and multiple news outlets reported that Hialeah Councilwoman Angelico Pacheco …
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South Korea Halts Battery Maker’s Operations as It Probes Deadly Blaze

By Hometown Insurance | June 26, 2024
South Korean authorities ordered a halt on Wednesday to the operations of a manufacturer of lithium batteries after a fire killed 23 people, as they investigate three company officials for suspected safety violations. Monday’s fire at unlisted battery maker Aricell …
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Specialist Risk Group Buys UK Specialist Schemes Broker, Strategic Insurance Services

By Hometown Insurance | June 26, 2024
Specialist Risk Group (SRG), the London-based insurance intermediary, has agreed to acquire UK specialist schemes broker, Strategic Insurance Services Ltd. (SISL), subject to regulatory approval. Financial details of the deal were not disclosed. SISL becomes SRG’s first acquisition since it …
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European Job Seekers Turn Away From UK After Brexit

By Hometown Insurance | June 26, 2024
Irish workers have been making the short trip over to the UK to find employment for centuries, escaping famine and more recently the aftermath of the financial crisis. But new data suggests that job seekers from across the Irish Sea …
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Apple Unfairly Fired a UK Worker Who Was Part Toxic Workplace Culture, Judge Says

By Hometown Insurance | June 26, 2024
Apple Inc. unfairly fired an employee for making racist comments that were part of a toxic workplace culture at one of its London stores, according to a UK court ruling. Apple’s investigation, before firing Timothy Jeffries who worked as a …
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