Posts by Hometown Insurance
Rebuilding After Hurricanes is Complex, Can Change Character of a Community
HORSESHOE BEACH, Fla. (AP) — Before Hurricane Idalia smashed into a small fishing village in northwestern Florida, Charles Long, 68, was fixing up a two-bedroom house for him and his wife. After the August storm, he found remnants of it …
Read More Russian Tactics Make Secret Tanker Oil Switching Harder to Trace
Two near-identical oil tankers trying to beat western sanctions. A secret transfer of Russian crude halfway between Iran and Oman. A supertanker giving a false location. Welcome to the modern trade in Russian petroleum as western sanctions get tougher. Earlier …
Read More Squishmallows Maker Can Sue Build-A-Bear Over Alleged Plush Toy Knockoffs
A U.S. judge rejected Build-A-Bear Workshop’s effort to dismiss a lawsuit claiming that its Skoosherz plush toys were unauthorized knockoffs of Squishmallows, the popular plush toys made by a unit of Warren Buffett’s Berkshire Hathaway. In a decision on Monday, …
Read More Man Admits to Tracking Drivers, Programming Keys, Stealing and Then Reselling Vehicles
A New Jersey man has admitted to orchestrating a multistate car theft and fraud ring that involved tracking drivers, programming keys, stealing their cars, and reselling their vehicles. U.S. Attorney Philip R. Sellinger said that Warren Guerrier pleaded guilty before …
Read More Massachusetts Insurance Agency Deland, Gibson Acquires Atchue Agency
Independent insurance agency Deland, Gibson Insurance Associates in Wellesley, Massachusetts announced it recently acquired Atchue Insurance Agency, which is located about 35 miles away in Worcester. Founded by Earl V. Atchue, Jr. in 1982, Atchue Insurance Agency has grown from …
Read More Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition
Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300 million acquisition of JRG Reinsurance Co. Once the deal agreement was signed in November 2023, Fleming said, “James River immediately …
Read More Air Canada Hit by Court Ruling After Ex-Maintenance Workers Sue
Air Canada may be forced to pay at least C$100 million ($73.2 million) to about 2,200 former workers after a Quebec court issued a ruling in their class-action lawsuit against the airline. The amount would cover lost wages, lost benefits, …
Read More UK’s First Coal Mine in 30 Years Faces Climate Court Test
Climate groups called a decision to open the UK’s first deep coal mine in more than three decades unlawful, claiming that approval was granted without taking into account all the harmful emissions that it would produce. Lawyers for Friends of …
Read More Allianz Makes $1.6 Billion Offer for 51% of Income Insurance
Allianz has made an offer to acquire at least 51% of Singapore’s Income Insurance Ltd. in a transaction valued at about S$2.2 billion ($1.6 billion). The planned acquisition will significantly strengthen Allianz’s presence in Singapore, Europe’s biggest insurer said in …
Read More Viewpoint: Deepfake Fraud Is On the Rise. Here’s How Insurers Can Respond
It is interesting—and telling—that one of the concerns around generative artificial intelligence has to this point largely revolved around copyright infringement. The most high-profile lawsuits around GenAI have so far centered on the idea that this technology will absorb the …
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