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Insurance

Israel’s Ashdod Port Toils Under Threat of Rockets as War Risk Insurance Rates Soar

By Hometown Insurance | October 26, 2023
When wailing sirens warn of incoming rockets from Gaza, workers at Israel’s Port of Ashdod stop operations within moments and quickly resume their work minutes later when the all clear is given. It’s an unusual way for a port to …
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Conservatives Challenging Nasdaq Board Diversity Rule Appeal to Full 5th Circuit

By Hometown Insurance | October 26, 2023
A conservative group that lost a challenge to Nasdaq’s board diversity disclosure rule appealed the decision on Wednesday, requesting a full court review and saying that the rule discriminates based on race and sex. The rule approved by the U.S. …
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People Moves: XPT Taps Jones as VP, to Head Orlando Office

By Hometown Insurance | October 26, 2023
XPT Specialty, a wholesale brokerage with offices in 12 US states, has named Mike Jones senior vice president, based at XPT’s newly established Orlando office. Jones will oversee hybrid managing general agency/brokerage placements for contractors, hospitality, product liablity and liquor, …
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Choice Financial Group Acquires SIA Insurance in New Jersey

By Hometown Insurance | October 26, 2023
Choice Financial Group announced it has acquired SIA Insurance in Manasquan, New Jersey. The move marks Choice’s fourth acquisition in New Jersey and adds to Choice’s growing East Coast presence from New Hampshire to Florida. SIA Insurance was formed in …
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New York Fed to Present Research on Impact of Extreme Weather Events

By Hometown Insurance | October 26, 2023
The Federal Reserve Bank of New York announced it will release a nine-part blog series on the economic and financial impacts of extreme weather events in the Federal Reserve’s Second District. Starting November 8, the Liberty Street Economics series will …
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New York Roofing Contractor Ordered to Provide Fall Protection for Workers

By Hometown Insurance | October 26, 2023
The U.S. Department of Labor has obtained a consent injunction ordering a Rockland County roofing contractor and its principal to provide employees with fall protection equipment and make sure it’s used at all company worksites, as required by federal law. …
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How Safe Are Cockpits? Aviation Experts Weigh in After Recent Security Scare

By Hometown Insurance | October 25, 2023
The attempt by an off-duty pilot to shut down the engines of a U.S. airliner in midflight highlights the threat that insiders pose to aviation safety with their ability to go where passengers are prohibited. Events like the one Sunday …
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Ukraine Sees Russian Cyberattacks Growing More Sophisticated

By Hometown Insurance | October 25, 2023
A senior Ukrainian official said Russian cyberattacks are growing more sophisticated and have become daily occurrences aimed at disrupting vital infrastructure during wartime. Deputy Foreign Minister Anton Demokhin, who’s also the ministry’s chief digital transformation officer, said hackers continue to …
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Oregon Prosecutors Charge Off-Duty Pilot Accused of Trying to Cut Engines on Midflight Jet with Attempted Murder

By Hometown Insurance | October 25, 2023
Oregon prosecutors have charged an off-duty pilot accused of trying to cut the engines on a Horizon Air jet in mid-air with 83 counts of attempted murder. The Multnomah County District Attorney’s Office in Portland filed the charges just before …
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California Regulators Suspend Recently Approved San Francisco Robotaxi Service for Safety Reasons

By Hometown Insurance | October 25, 2023
California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace. The California Department of Motor Vehicles` indefinite suspension of …
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