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Insurance

More Than 800 Coal Plants Worldwide Could Be Profitably Decommissioned: Research

By Hometown Insurance | June 18, 2024
More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting from the end of the decade, research on Monday showed. Though only a tenth of existing coal plants are scheduled …
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Top Shipping Flag Cuts Approval for Sanctioned Russian Insurer

By Hometown Insurance | June 18, 2024
The world’s largest shipping register withdrew its approval for Russia’s Ingosstrakh Insurance Co. to provide a key document enabling ships to enter ports. The Liberian Register — under whose flag 16% of the world’s ships by capacity sail — said …
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Supreme Court to Hear Nvidia Bid to Scuttle Shareholder Lawsuit

By Hometown Insurance | June 18, 2024
The U.S. Supreme Court agreed on Monday to hear a bid by Nvidia to scuttle a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales went to the volatile cryptocurrency industry. The …
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Thanks to AI, Industry will Soon See Big Jump in Parametric Insurance, Consultant Says

By Hometown Insurance | June 18, 2024
Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that coverage lends itself perfectly to data-driven A.I. …
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J&J Talc Users Want Cancer Checks Even If It Cost Billions

By Hometown Insurance | June 18, 2024
Johnson & Johnson should be on the hook for potentially billions of dollars in medical fees for women who used its talc-based baby powders and want to monitor their future health over cancer fears, according to a lawsuit. Lawyers representing …
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Jersey Shore Police, Pols Weigh Holding Parents Responsible for Kids’ Rowdy Behavior

By Hometown Insurance | June 18, 2024
Parents should be held civilly or criminally responsible for the actions of their children that create disturbances or damage in public places, a group of New Jersey police chiefs and Republican lawmakers said Wednesday during a forum held after a …
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Investigators Say Tanker Spilled Gas in Crash That Destroyed I-95 Bridge in Philly

By Hometown Insurance | June 18, 2024
Gasoline spilled out from an unsecured hatch on the top of the gasoline delivery tanker that overturned and ignited beneath an Interstate 95 bridge in Philadelphia a year ago, according to new details from federal investigators. Video evidence obtained by …
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People Moves: Hotchkiss Insurance Expands Partnership with Bailey, Fondren and Rivera

By Hometown Insurance | June 17, 2024
Hotchkiss Insurance, headquartered in Carrollton, Texas, is named of three new partners: Chris Bailey, Chase Fondren, and Dustin Rivera. Bailey has been an integral part of Hotchkiss for the past nine years, serving as a commercial insurance specialist. Before joining …
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States Lose Challenge to Legal Protections for Workers Who Get Abortions

By Hometown Insurance | June 17, 2024
A federal judge in Arkansas has tossed out a legal challenge by 17 Republican-led states to a U.S. agency rule giving workers who had abortions the same legal protections as those who are pregnant or recently gave birth. U.S. District …
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Severe Storms Caused $722M in Catastrophe Losses in May: Progressive

By Hometown Insurance | June 17, 2024
Progressive on Friday said severe storms mostly in Texas and the Midwest caused about $722 million in net catastrophe losses to the insurer. In its monthly announcement of financial results on Friday, the Mayfield Village, Ohio-based insurer said the storm …
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