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Posts by Hometown Insurance

Court Revives Sarah Palin’s Libel Lawsuit Against New York Times

By Hometown Insurance | August 30, 2024
A federal appeals court revived Sarah Palin’s libel case against The New York Times on Wednesday, citing errors by a lower court judge, particularly his decision to dismiss the lawsuit while a jury was deliberating. The 2nd U.S. Circuit Court …
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Trucking Firm of Fatigued Driver Who Caused Fatal Crash Kept Fake Hours Data: NTSB

By Hometown Insurance | August 30, 2024
A crash that killed three passengers on a party bus on a Virginia highway was caused by a fatigued truck driver working for a company that allowed its drivers to log excessive hours, a federal report concluded Wednesday. The December …
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Sunken Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say

By Hometown Insurance | August 30, 2024
Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts. The British-flagged 56-meter-long (184-foot-long) yacht, …
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UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says

By Hometown Insurance | August 30, 2024
An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters. In an attempt to grow …
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GM Must Face Big Class Action Over Faulty Transmissions

By Hometown Insurance | August 30, 2024
General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand cars, trucks and SUVs with faulty transmissions. The 6th U.S. Circuit Court …
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NHTSA Closes Two Preliminary Probes Into Fisker’s Ocean SUVs

By Hometown Insurance | August 30, 2024
The U.S. auto safety regulator said on Wednesday it has closed two separate probes into Fisker’s Ocean SUVs over an alleged door malfunction and a loss of brake performance, after the electric-vehicle startup issued recalls to fix the problems. The …
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South Africa Insurer Santam Plans Asia Expansion, Following Success of Parent Sanlam

By Hometown Insurance | August 30, 2024
South Africa-based general insurer Santam Ltd. plans to expand in Asia to diversify its premiums and counter tepid growth at home. The insurer, a subsidiary of financial services group Sanlam Ltd., generates 82% of its premiums in South Africa. “We …
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Lithium Startups Bet on High Demand in Battery-Powered Future

By Hometown Insurance | August 30, 2024
As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade. To meet it, a new …
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Museum to Sell Painting in Settlement With Heirs of Jewish Family That Fled the Nazis

By Hometown Insurance | August 30, 2024
A Pennsylvania museum has agreed to sell a 16th century portrait that once belonged to a Jewish family that was forced to part with it while fleeing Nazi Germany before World War II. The Allentown Art Museum will auction “Portrait …
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People Moves: Cooley Joins Graham Rogers Insurance as Transportation New Business Underwriter

By Hometown Insurance | August 29, 2024
Paula Cooley joined Graham-Rogers Insurance, headquartered in Bartlesville, Oklahoma, as a transportation new business underwriter. Cooley will focus on garage and transportation commercial auto. She has over 40 years of property and casualty experience, most recently serving as senior transportation/garage …
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