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Insurance

New York State, City Lawmakers Look to Curb Lithium-Ion Battery Fires

By Hometown Insurance | March 9, 2023
Lawmakers in Albany and New York City are pushing measures they hope will curb incidents of lithium-ion battery fires, which have risen in the past few years. They include measures requiring that all batteries and chargers being sold be certified …
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Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’

By Hometown Insurance | March 9, 2023
Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses of approximately £3 billion ($3.6 billion). This compares to a profit of £2.3 billion ($2.7 billion) and investment income of …
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Investors Aviva, M&G Urge Britain to Press Ahead With Financial Reforms

By Hometown Insurance | March 9, 2023
Investors Aviva and M&G on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors such as technology companies more support to keep London’s markets competitive. Finance bosses have warned that the British capital risks …
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Firefighters Contain New Jersey Forest Fire That Threatened 15 Homes

By Hometown Insurance | March 9, 2023
LITTLE EGG HARBOR, N.J. (AP) – A wind-whipped forest fire in the southern New Jersey Pinelands that threatened 16 homes Tuesday was fully contained by nightfall, and firefighters said they believed the homes were no longer in jeopardy. No injuries …
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Significant Hack Potentially Exposes US Lawmakers’ Personal Data

By Hometown Insurance | March 9, 2023
A serious breach at a healthcare administrator serving the U.S. House of Representatives has potentially exposed the personal data of hundreds of lawmakers and their staff, top representatives and a senior Congressional official said in letters circulated on Wednesday. One …
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Glut of Plastic Polluting World’s Oceans Is Growing Fast: Research

By Hometown Insurance | March 9, 2023
There are more than 170 trillion tiny plastic particles — or 2 million tons of them — floating on the surface of the ocean, and many of them got there after 2004, according to a paper published Wednesday in the …
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Britain Says Capital Market Rules Won’t Diverge Markedly From U.S., EU

By Hometown Insurance | March 9, 2023
Britain’s capital market rules will not differ markedly from regulations applied in Europe and the United States, its financial services minister Andrew Griffith said on Thursday. “We don’t want to become a third polarity but operate in a way that …
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Rite Aid Not Liable in Warehouse Shooting That Killed 3 Workers

By Hometown Insurance | March 9, 2023
Rite Aid is not liable for a mass shooting that killed three workers at a warehouse in Maryland; not because it was protected by workers’ compensation immunity, but because the plaintiffs did not show the tragedy could have been foreseen …
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Russian Cyberwar Against Ukraine Stumbles, Just Like Conventional One

By Hometown Insurance | March 9, 2023
Even before Russia invaded Ukraine, its hacking offensive was well under way. Suspected Russian hackers targeted Ukrainian government and financial websites with so-called distributed denial-of-service attacks aimed at creating chaos; they bombarded government, nonprofit and IT organizations with malicious software …
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Aviva CEO Says Demand for Private Healthcare Rising on NHS Woes

By Hometown Insurance | March 9, 2023
UK insurer Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service has experienced since the pandemic. “Health insurance sales were up 15% and we expect that to continue as …
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