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Insurance

TikTok Faces Fine as EU Prepares Probe Over Risks to Minors

By Hometown Insurance | February 12, 2024
TikTok owner ByteDance Ltd. faces the threat of hefty fines as the European Union prepares a probe under its strict new content moderation rules over concerns of risks to minors. The European Commission will open an investigation into TikTok under …
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No Insurance on 200-foot Tower Stolen from Alabama Town’s Radio Station

By Hometown Insurance | February 12, 2024
JASPER, Ala. (AP) — The theft of a giant radio tower has silenced what used to be the voice of a small Alabama town and the surrounding county, the radio station’s general manager said. A thief or thieves made off …
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The Odds of a Hurricane-Boosting La Niña This Year Are Rising

By Hometown Insurance | February 12, 2024
The odds of a La Niña weather pattern this year are rising, amplifying the risk of hurricanes in the Atlantic and drought in California and South America. There’s a 55% chance that La Niña, a cooling of the equatorial Pacific, …
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Judge Orders Elon Musk to Testify in SEC’s Twitter Probe

By Hometown Insurance | February 12, 2024
A federal judge ordered Elon Musk to testify again in the U.S. Securities and Exchange Commission’s probe of his $44 billion takeover of Twitter, giving the regulator and the billionaire a week to agree on a date and location for …
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Amazon Staff Allege Retaliation in Pay Gap Discrimination Suit

By Hometown Insurance | February 12, 2024
Amazon.com Inc. allegedly retaliated against three female employees — including firing one and placing another on a performance plan — after they sued the company for discrimination, the plaintiffs said in new court papers. In an amended complaint filed Friday, …
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Jacobson: Survey Shows ‘A Significant Pause’ in Industry Job Growth

By Hometown Insurance | February 12, 2024
More than half of insurance companies expect to increase staff in the next year, according to the latest labor market study from Aon and the Jacobson Group. Meanwhile, 77% of carriers expect to increase revenue in the next 12 months. …
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Markets/Coverages: WTW Launches Primary Cyber, Tech E&O Facility for Int’l Clients

By Hometown Insurance | February 12, 2024
Insurance broker WTW has launched a cyber solution aimed at international clients headquartered outside of Great Britain and the United States with revenues up to US$1 billion (or the equivalent currency). The International CyCore Facility (ICF) is a tailored solution …
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NTSB to Release Cause of East Palestine, Ohio Train Derailment in June Hearing

By Hometown Insurance | February 12, 2024
Federal investigators say they will determine the cause of last year’s fiery Norfolk Southern derailment in eastern Ohio at a hearing in East Palestine this June. The National Transportation Safety Board announced Wednesday that it will hold the hearing at …
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Migratory Animals in Peril From Overhunting, Habitat Loss: UN Report

By Hometown Insurance | February 12, 2024
Every year, mammals, birds, fish and insects make epic migrations between habitats. The humpback whale, famously, can travel 5,000 miles in a trip. But because these animals cross national borders and frequently congregate at predictable way stops, they are uniquely …
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Ten Texas Counties Have Soot Levels Above EPA Standards

By Hometown Insurance | February 12, 2024
The U.S. Environmental Protection Agency on Wednesday finalized a long-anticipated rule aimed at reducing the level of air pollution known as particulate matter — microscopic particles that can penetrate deep into the lungs and harm people’s health. Reducing air pollution …
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