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Insurance

Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage

By Hometown Insurance | January 3, 2025
Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages related to the breakdown of the undersea Estlink 2 …
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FBI Says New Orleans, Vegas Attacks Don’t Appear Coordinated

By Hometown Insurance | January 3, 2025
Investigators say they haven’t found evidence linking separate deadly attacks in New Orleans and Las Vegas, as the FBI continues to probe two incidents that rattled Americans as they rang in 2025. The tragedies, which occurred just hours apart early …
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Biden to Ban More Offshore Oil Drilling Before Trump Arrives

By Hometown Insurance | January 3, 2025
President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House. Biden is set within days to …
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Computers of Senior US Treasury Leaders Accessed in Hack

By Hometown Insurance | January 3, 2025
Chinese state-sponsored hackers broke into the computers of senior US Treasury Department leaders as part of a recent breach of the agency, according to a US official and another person familiar with the matter. The hackers were able to access …
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Bureau of Labor Releases Final 2023 Workplace Injury, Fatality Stats

By Hometown Insurance | January 3, 2025
Last year, there were 5,283 fatal work injuries recorded in the United States, a 3.7% decrease from 5,486 in 2022, the U.S. Bureau of Labor Statistics reported. The fatal work injury rate was 3.5 fatalities per 100,000 full-time equivalent (FTE) …
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SageSure Closes Acquisition of GeoVera Advantage Insurance Services in California

By Hometown Insurance | January 3, 2025
SageSure closed the acquisition of GeoVera Advantage Insurance Services LLC in Fairfield, California. The entity will now function as a newly formed managing general agent and includes the residential earthquake risk underwriting franchise. As part of the transaction, SageSure has …
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Dartmouth Athletes End Unionization Bid Citing Labor Panel Shift to Republicans

By Hometown Insurance | January 3, 2025
The Dartmouth men’s basketball team on Tuesday dropped its attempt to unionize, abruptly ending a push to become the first college athletes to bargain for a contract in order to avoid a potentially damaging precedent from a National Labor Relations …
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Employer Owes Pay for Actual Time Changing, Showering— Not Its ‘Reasonable’ Estimate

By Hometown Insurance | January 2, 2025
A Pennsylvania battery firm has been found responsible for paying $22.25 million in backpay to workers to cover the actual time they spent changing and showering for their jobs working with hazardous materials. Their employer, East Penn Manufacturing, had argued …
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Verisk to Get First Cat Model Under Review for Insurance Ratemaking in California

By Hometown Insurance | January 2, 2025
Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara. The reform allows catastrophe models to be used by insurance carriers …
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Deep Freeze Will Send Some US Temperatures Plunging

By Hometown Insurance | January 2, 2025
Waves of intense cold will send temperatures plunging as much as 20F (11C) below normal across the central and eastern U.S. this month, triggering ice storms that could down power lines and snarl travel from the Midwest to the Mid-Atlantic. …
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