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Insurance

Business Moves: Broker PCF Makes 4 Acquisitions in 4 States

By Hometown Insurance | June 25, 2024
Broker PCF Insurance Services continued its recent buying spree with the purchase of four insurance businesses in North Carolina, Pennsylvania, Mississippi, and Iowa. “At PCF Insurance, we are committed to accelerated and strategic expansion through M&A—not to be confused with …
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Dollar Tree Sold Lead-Tainted Applesauce After Recall

By Hometown Insurance | June 25, 2024
Dollar Tree Inc. continued to sell children’s applesauce tainted with “extremely high” levels of lead long after the company recalled the product due to contamination concerns, US regulators said. The discount store kept pouches of tainted cinnamon applesauce on store …
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Protecting 1.2% of Earth Would Prevent Most Extinctions, Study Says

By Hometown Insurance | June 25, 2024
Setting aside an additional 1.2% of the world’s land as nature preserves would prevent the majority of predicted plant and animal extinctions and cost about $263 billion, according to a study published on Tuesday. The world is racing to meet …
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Chinese Hackers Step Up Attacks on Taiwanese Organizations, Cybersecurity Firm Says

By Hometown Insurance | June 25, 2024
A suspected Chinese state-sponsored hacking group has stepped up its targeting of Taiwanese organizations, particularly those in sectors such as government, education, technology and diplomacy, according to cybersecurity intelligence company Recorded Future. In recent years, relations between China and Taiwan, …
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Deadly Explosion in Korea Revives Concerns Over Battery Safety

By Hometown Insurance | June 25, 2024
A deadly factory blaze has revived concerns over battery safety in South Korea, a key global supplier of lithium-ion cells used in everything from electric vehicles to energy storage systems. The fire and a series of explosions at a lithium …
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Roller Coaster Strikes Man in Restricted Area of Ohio Theme Park

By Hometown Insurance | June 25, 2024
CINCINNATI (AP) — A man who apparently entered a restricted area to retrieve his lost keys at a theme park in Ohio was critically injured when he was struck by a steel roller coaster, police and park officials said. The …
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EU Adds 27 Russian Vessels to List of Entities Under Sanctions

By Hometown Insurance | June 25, 2024
The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said on Monday. EU countries …
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Dellwood Specialty Gets A- Rating From AM Best

By Hometown Insurance | June 25, 2024
Dellwood Specialty Insurance Company has received a financial strength rating of A- (Excellent) from AM Best. The industry rating agency said the rating as given due to Dellwood’s “very strong” balance sheet strength as well as other factors such as …
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Federal Judge Blocks Biden Wage Rule for Construction Projects

By Hometown Insurance | June 25, 2024
A federal judge on Monday temporarily blocked a Biden administration rule expanding the cases in which construction contractors are required to pay workers prevailing wages that apply to $200 billion of federally funded infrastructure projects. U.S. District Judge Sam Cummings …
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Music Labels Sue AI Companies Suno, Udio for Copyright Infringement

By Hometown Insurance | June 25, 2024
Major record labels Sony Music, Universal Music Group and Warner Records sued artificial intelligence companies Suno and Udio on Monday, accusing them of committing mass copyright infringement by using the labels’ recordings to train music-generating AI systems. The companies copied …
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Recent Posts

  • AM Best Revises Outlook to Positive for Oklahoma’s Triangle Insurance Company
  • Equal Parts Acquires Texas’ ProSource
  • Another Tanker Suffers Failure as Crew Suspect Cyber Attack
  • Illinois Construction Company Cited for Failing to Protect Workers
  • People Moves: Brown & Riding Names David and Matt Grollman to Construction Practice

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