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Insurance

Parts of South Carolina and Florida Recovering after Flooding, Winds

By Hometown Insurance | December 19, 2023
GEORGETOWN, S.C. (AP) — An intense late-year storm barreled up the East Coast on Sunday with heavy rains and strong winds that shattered rainfall records, forced water rescues from flooded streets and washed out holiday celebrations. Authorities rescued dozens of …
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Child Survives After Tennessee Tornado Threw Him into a Tree

By Hometown Insurance | December 19, 2023
CLARKSVILLE, Tenn. (AP) — A 4-month-old boy has survived after a tornado in Tennessee sucked him up from his family`s mobile home, which was demolished in the storm. Sydney Moore told WSMV-TV that when the tornado hit their home in …
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Apple to Halt US Sales of Series 9, Ultra 2 Smartwatches Over Patent Dispute

By Hometown Insurance | December 19, 2023
Apple said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on …
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Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date

By Hometown Insurance | December 19, 2023
The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation to date, as the bloc settles on a compromise to help it get the bill over the finish line. Under …
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Magnitude 6.2 Quake Kills More Than 100 in China’s Northwest

By Hometown Insurance | December 19, 2023
Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by an earthquake that left more than 100 people dead. The 6.2-magnitude quake late Monday killed 105 people in Gansu and …
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Climate Activists, Greenpeace and Uplift, Sue UK Over Rosebank Oil Field

By Hometown Insurance | December 19, 2023
Greenpeace UK and climate campaigner Uplift filed separate legal challenges in Scotland seeking to rescind government approval for the Rosebank oil development in the North Sea. Equinor ASA and partner Ithaca Energy Plc said they would make a final investment …
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Kansas Courts’ Computer Systems Are starting to Come Back Online Following Cyberattack

By Hometown Insurance | December 19, 2023
TOPEKA, Kan. (AP) – The court system in Kansas has started bringing its computer system for managing cases back online, two months after a foreign cyberattack forced officials to shut it down along with public access to documents and other …
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Shadow-Fleet Oil Tanker Insurer Gets Shut Down by Marshall Islands

By Hometown Insurance | December 19, 2023
A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off the coast of Indonesia — was shut down by the Marshall Islands, the firm’s only published address. The Continental Steamship …
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Red Sea Merchant Shipping Starts to Grind to a Halt as Houthis Step Up Attacks

By Hometown Insurance | December 19, 2023
Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa as violence linked to the Israel-Hamas war threatens to undermine the global economy. Two European oil and gas giants said …
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Lloyd’s Adds Guyana to Risky Shipping List Amid Escalating Dispute With Venezuela

By Hometown Insurance | December 19, 2023
One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating territorial dispute with neighboring Venezuela. The decision announced by Lloyd’s Market Association’s Joint War Committee on Monday applies only to …
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