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Insurance

Report Reveals Delay in Deploying Specialized Plane in Ohio Train Derailment

By Hometown Insurance | June 9, 2025
A specialized plane equipped with advanced sensors that the government deploys to chemical disasters could have helped authorities avoid needlessly blowing open five rail tank cars and burning their toxic contents after the disastrous 2023 East Palestine train derailment, a …
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McDonald’s Keeps ‘Core’ Inclusion Programs Despite DEI Backlash

By Hometown Insurance | June 9, 2025
McDonald’s Corp. said it’s sticking to its most important inclusion initiatives, even as the Trump administration and conservative activists attack diversity, equity and inclusion practices. McDonald’s earlier this year retired “aspirational representation goals” for its workforce and a diversity pledge …
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EPA Reaches $1.1M Settlement With Illinois Chemical Solutions Company

By Hometown Insurance | June 9, 2025
The U.S. Environmental Protection Agency announced a settlement with chemicals solutions company Stepan Co. of Northbrook, Illinois, for allegedly distributing or selling a misbranded pesticide in violation of the Federal Insecticide, Fungicide, and Rodenticide Act. Stepan will pay a $1,126,404 …
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Louisiana Police Officer Who Fatally Shot a Puppy Will Face a Jury Lawsuit Trial

By Hometown Insurance | June 9, 2025
A New Orleans police officer who shot and killed a puppy while responding to a call is set to go to trial Monday in a federal lawsuit filed by the dog’s owners. The Catahoula Leopard dog ran up to Officer …
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AM Best: US P/C Industry Records $1.1B Underwriting Loss for Q1

By Hometown Insurance | June 9, 2025
Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss of the U.S. P/C industry. According to industry rating agency AM Best, the January …
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Michigan Marijuana Store to Pay $205K to Settle a Workers’ Lawsuit Over Lost Tips

By Hometown Insurance | June 9, 2025
A judge approved a deal Friday to try to solve a major buzzkill: Employees at a Michigan marijuana dispensary chain said management was keeping tips left by happy customers. Timber Cannabis, which has seven locations, agreed to pay $205,000 to …
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Hedge Funds Face California Rebuke Over Role in Wildfire Claims

By Hometown Insurance | June 9, 2025
Hedge funds are facing pushback in California as their bets tied to insurance claims stemming from the Los Angeles wildfires are attacked as unethical. The transactions in focus are tied to so-called subrogation claims, which hedge funds, private equity firms …
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Erie Insurance Dealing With Network Outage Affecting All Systems

By Hometown Insurance | June 9, 2025
Pennsylvania-based Erie Insurance on Sunday reported it is experiencing a “network outage that is affecting all systems.” Customers are unable to access online accounts or reach customer care or first notice of loss via phone, according to a statement on …
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Insurtech Slide Targets $2B-Plus Valuation in IPO

By Hometown Insurance | June 9, 2025
Insurance tech company Slide is aiming for a valuation of up to $2.12 billion in its U.S. initial public offering, joining a lineup of insurance companies that have made impressive stock market debuts in recent weeks. Slide’s roadshow launch follows …
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Howden Acquires Peruvian Reinsurance Broker Innova Re

By Hometown Insurance | June 9, 2025
Howden, the London-based insurance intermediary group, announced it has acquired Innova Re, a market leading, independent reinsurance broker headquartered in Lima. Financial details of this deal were not disclosed. Established in 2017 and led by Juan Diego Cadarso, its founder …
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