Posts by Hometown Insurance
Japan Auto Safety Scandal Widens; Toyota Halts Shipments of Some Vehicles
A safety test scandal at Japanese automakers widened on Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan’s transport ministry found irregularities in applications to certify certain models. The irregularities were also found in applications …
Read More Canada’s Desjardins Completes Purchase of Insurance Company of Prince Edward Island
Desjardins Group and The Insurance Company of Prince Edward Island (ICPEI) have confirmed that the transaction announced in March 2024 has closed. Financial details of the deal were not disclosed. With this acquisition, Desjardins General Insurance Group aims to expand …
Read More Scholz to Visit Southern German Region Battling Severe Flooding
Southern Germany continues to battle flooding from heavy rainfall that’s disrupted transportation and pushed emergency services to their limits. Chancellor Olaf Scholz, who plans to visit some of the affected regions on Monday, said recent instances of extreme weather highlight …
Read More KKR Weighs Entering Private Credit in Japan to Challenge Banks
KKR & Co. is considering entering the private credit market in Japan to provide an alternative to bank loans. “It will be a medium to long-term initiative,” Hiro Hirano, the head of KKR Japan said in an interview. “I think …
Read More Stellantis Rushes to Replace Thousands of Faulty Takata Airbags
Stellantis NV is rushing to fix around 500,000 cars from its Citroën and DS brands after urging clients to stop driving them due to faulty air bags from now-defunct Takata Corp. The company is providing replacement vehicles, sourcing new air …
Read More Musk Accused of $7.5 Billion of Insider Trades in Investor Suit
Elon Musk had inside knowledge of a miss on production and delivery numbers that Tesla Inc. was facing when he sold more than $7.5 billion in stock in 2022, a shareholder in the electric vehicle maker claimed in a lawsuit. …
Read More Live Nation Probing Ticketmaster Hack Amid User Data Leak Concerns
Live Nation Entertainment said on Friday it was investigating a data breach at its Ticketmaster unit that it discovered on May 20, the latest in a string of high-profile corporate hacks in the past year. In a filing with the …
Read More Hundreds of Thousands of Internet Routers Destroyed in Newly Discovered 2023 Hack
An unidentified hacking group launched a massive cyberattack on a telecommunications company in the U.S. heartland late last year that disabled hundreds of thousands of internet routers, according to research published Thursday. Security analysts with Lumen Technologies’ Black Lotus Labs …
Read More Busy Hurricane Season Could Test NC’s ‘Weakened’ Building Codes, Insurance Experts Say
The 2024 Atlantic hurricane season, predicted to be unusually intense, officially began this week and it could soon bring the first test of a North Carolina law that some insurance experts have said weakens building codes in the state and …
Read More Medical Cannabis User Fired After Failing Drug Test Appeals Denial of Unemployment Benefits
A Vermont man who lost his job after he said a random drug test showed he had used medical marijuana off duty for chronic pain has appealed to the Vermont Supreme Court saying he should not have been denied a …
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