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Insurance

Europe’s Rhine River on Brink of Becoming Impassable as Water Levels Drop

By Hometown Insurance | August 3, 2022
Water levels on the Rhine River are set to fall perilously close to the point at which it would effectively close, putting the trade of huge quantities of goods at risk as the continent seeks to stave off an economic …
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Landfills Soon Could Be Inundated With Thousands of Wind Turbine Blades: Study

By Hometown Insurance | August 3, 2022
A new study led by the University of South Australia indicates tens of thousands of wind turbine blades will end up in landfills by the end of the decade unless end-of-life programs are established soon. The study, led by Professor …
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N. Koreans Steal LinkedIn Resumes to Get Remote Work at Crypto Firms: Researchers

By Hometown Insurance | August 3, 2022
North Koreans are plagiarizing online resumes and pretending to be from other countries to get remote work at cryptocurrency firms to aid illicit money-raising efforts for the government, cybersecurity researchers say, following a U.S. warning on a similar scheme in …
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G7 Nations Mull Options to Deprive Moscow of Bumper Oil Profits

By Hometown Insurance | August 3, 2022
The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless it heeds a price cap. In a statement released …
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French Insurer AXA Posts 3% Rise in H1 Net Profit

By Hometown Insurance | August 3, 2022
French insurer AXA announced a new share buyback program as it posted a 3% rise in first-half net profit, thanks to higher revenues from areas such as health insurance which outweighed the financial impact of the war in Ukraine. AXA, …
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U.S. Crypto Company Nomad Hit by $190 Million Theft

By Hometown Insurance | August 3, 2022
U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was “aware of the …
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West Virginia Cities, Counties Reach $400M Settlement with Drug Firms

By Hometown Insurance | August 3, 2022
West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors, lawyers announced Monday. In a lawsuit in state court, the cities and counties accused the distributors of fueling the opioid epidemic. The companies …
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Truck Driver Reaches Agreement in Maine Fatal Accident Caused by Dislodged Tire

By Hometown Insurance | August 3, 2022
A truck driver is expected to accept responsibility for causing the death of a state police detective who was struck by a dislodged tire as he was assisting a driver alongside Interstate 95. Scott Willett, 55, of Patten, reached a …
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California Commissioner Orders Moratorium Cancellation Moratorium for Wildfires

By Hometown Insurance | August 2, 2022
California Insurance Commissioner Ricardo Lara this week ordered insurers to preserve residential insurance coverage for the county of Mariposa following Gov. Gavin Newsom’s emergency declaration. Lara’s order shields those properties within the perimeter or in adjacent ZIP Codes of the …
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Texas Department of Workers’ Comp Adopts Claim Electronic Data Interchange

By Hometown Insurance | August 2, 2022
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) adopted the Texas claim EDI release 3.1.4 standard on March 9, 2022. As a result, DWC’s designated data collection agent, Insurance Services Office, Inc., a wholly owned subsidiary of Verisk …
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Recent Posts

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  • Man Group Found Liable by Judge for ‘Breathtaking’ Kuwaiti Bribery
  • Binance $6.3 Billion Heist to Prompt Closer Scrutiny by Insurers

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