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Insurance

EU Opens Talks on Carbon Credits to Win Deal on Key Climate Goal

By Hometown Insurance | September 9, 2025
European Union nations will discuss potential changes to the role of imported carbon credits in the next decade in a drive for a rapid deal on the bloc’s landmark 2040 climate goal. Denmark, which holds the EU’s rotating presidency, signaled …
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Mexico Seeks to Impose Tariffs on Auto, Manufacturing Imports

By Hometown Insurance | September 9, 2025
Mexico’s government will propose a bill to impose import tariffs on some sectors, including automotives and manufacturing, in a bid to address trade imbalances, a top official said on Tuesday. The move would also bring an additional 70 billion pesos …
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Santa Monica Weighs Fiscal Distress Vote Amid Sex Abuse Settlements

By Hometown Insurance | September 9, 2025
Santa Monica, California officials are voting on whether to adopt a resolution declaring fiscal distress, as mounting sexual abuse settlements have destabilized the city’s finances, echoing strains that have already pushed other local governments deeper into debt. A report prepared …
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Former California Insurance Commissioner Carries on Climate Change Crusade

By Hometown Insurance | September 9, 2025
When Dave Jones first started talking about climate change and what insurers should be doing about it some 15 years ago, the response could be thought of as something akin to a collective shrug. There wasn’t much to say. Insurance …
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NTSB: Steering Control System Failure Led to Collision in Houston Ship Channel

By Hometown Insurance | September 9, 2025
A steering control system component failure on a multi-purpose carrier resulted in a collision with a bulk carrier in the Houston Ship Channel in 2023, causing more than $1 million in damage, the National Transportation Safety Board said in an …
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Texas Governor to Issue Order Implementing Age Restrictions on THC Products

By Hometown Insurance | September 9, 2025
Gov. Greg Abbott will soon issue an executive order to regulate THC and set a minimum age of 21 to purchase those products in Texas, according to three people who spoke with the governor’s office. The Legislature’s second special session …
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BCU Risk Advisors Launches Dedicated Family Office Practice

By Hometown Insurance | September 9, 2025
BCU Risk Advisors, a boutique personal insurance consulting firm specializing in high-net-worth individuals and families, announced the launch of its family office practice, a dedicated platform that builds on nearly two decades of experience serving the demographic. The program will …
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Nebraska Town Increases Fines on Dairy Plant for Wastewater Violations

By Hometown Insurance | September 9, 2025
Michael’s Cantina has been serving Tex-Mex food to the residents here for more than 30 years. Softball trophies crowd the top of a dresser in a dining room, old signs line the walls and regulars visit multiple times a week. …
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Court Rejects Trump’s Appeal of Carroll’s $83.3M Defamation Award Over Sexual Assault

By Hometown Insurance | September 9, 2025
The Second U.S. Circuit Court of Appeals has rejected President Donald Trump’s appeal of a $83.3 million award that a federal civil jury found he must pay to former advice columnist E. Jean Carroll for repeated defamatory remarks Trump made …
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US Electric Car Uptake Will Slow Further on Trump Policies

By Hometown Insurance | September 9, 2025
Already sluggish adoption of electric vehicles in the US will slow even further after a $7,500 tax credit for EV buyers expires later this month. Battery-powered cars will account for half of US auto sales in 2039, five years later …
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