Posts by Hometown Insurance
People Moves: Canal Insurance Names Brocklebank Chairman of the Board
Seven years after he was named president and CEO of transportation insurer Canal Insurance, Paul Brocklebank has an additional title to his name – chairman of the board of the Greenville, South Carolina, company. The move comes after several years …
Read More Apple, Investors Reach $490 Million Settlement in Fraud Case
Apple Inc. reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company’s sales prospects. Cook made false statements about the …
Read More Reckitt Unit Hit With $60 Million Verdict in Enfamil Baby Formula Case
An Illinois jury has ordered Reckitt Benckiser unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company’s Enfamil baby formula. The jury in an Illinois …
Read More Meta Loses Second Bid to Thwart FTC’s Change to Privacy Pact
Meta Platforms Inc. lost its second court ruling this week seeking to stop the Federal Trade Commission’s reopening a 2020 privacy settlement over allegations that the company breached the terms. In a ruling Thursday, US District Judge Randolph Moss in …
Read More Hyundai and Kia to Recall Nearly 170,000 EVs Over Software Problem in South Korea
Hyundai Motor Co. and sister company Kia Corp. will recall about 170,000 electric vehicles (EVs) in South Korea over problems with software in the charging systems, South Korea’s transport ministry said on Thursday. Hyundai will recall 113,916 EVs in the …
Read More India’s Navy Takes Control of Bulk Carrier Hijacked by Somali Pirates, Evacuating Crew
The Indian navy said late Saturday that it had taken control of a bulk carrier hijacked by Somali pirates and evacuated the 17 crew members on the vessel. In a statement on X, the navy said all 35 pirates on …
Read More Treasury Asked Why US P&I Club Insures Ships Carrying Iran Oil
A Republican congressman is asking the Treasury Department to explain its handling of a US insurance company that covered dozens of tanker ships suspected of carrying sanctioned Iranian oil. Representative Zach Nunn of Iowa, a member of the House Financial …
Read More Pressure Builds for Charge on Global Shipping Sector’s CO2 Emissions
The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed. The documents, being discussed at an International Maritime …
Read More People Moves: Farmers Alliance Names Miller IT VP
Miller Named Vice President, IT for Farmers Alliance Companies Farmers Alliance Companies, headquartered in Mcpherson, Kansas, promoted Brad Miller to vice president, information technology (IT). As vice president, and a member of the corporate leadership team, Miller will continue to …
Read More Uber Pays Australian Taxi Drivers $178 Million in Settlement
Uber agreed to pay A$271.8 million ($178 million) to compensate thousands of taxi drivers in Australia who claimed they lost income when the ride-share company entered the local market. Uber Technologies Inc. settled the class action brought by more than …
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