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Posts by Hometown Insurance

Smartphone Screen Repairs Surge to $8.3B in 2023: Allstate Protection

By Hometown Insurance | March 15, 2024
While smartphone use is rising, fewer phones are suffering damage that requires repairs or replacement. Good thing, because users can hardly part with smartphones long enough to get them fixed. In its latest Mobile Mythconceptions Surveys, Allstate Protection Plans found …
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Texas Cities Grow Fastest in US as NYC Keeps Losing People

By Hometown Insurance | March 15, 2024
Texas cities dominated the list of US metro areas with the biggest population increase last year, claiming four spots in the top 10. The Dallas-Fort Worth area topped the rankings with a population gain of nearly 153,000 during the 12 …
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Storm Carrying Massive ‘Gorilla Hail’ Hits Parts of Kansas and Missouri

By Hometown Insurance | March 15, 2024
Massive chunks of hail pelted parts of Kansas and Missouri on Wednesday night, bringing traffic to a standstill along Interstate 70, as storms unleashed possible tornadoes and meteorologists urged residents to stay indoors. There were three unconfirmed reports of tornadoes …
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In Ukraine’s Bombarded Ports, Ship Buyers Scout for Deals

By Hometown Insurance | March 15, 2024
Since Russia invaded Ukraine two years ago, nearly 50 merchant ships have been languishing in its waters, stuck in ports too dangerous to sail from. But while these ships have not moved, some of their owners have changed, highlighting the …
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Michigan Man Who Was Accidently Shot in Face with Ghost Gun Sues Manufacturer

By Hometown Insurance | March 15, 2024
A 19-year-old Michigan man who lost his right eye after being shot with a firearm made from a ghost gun kit filed a lawsuit against his former best friend who accidentally shot him and the Pennsylvania company that sold his …
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One of Lindberg’s Attorneys Withdraws Two Months Before Retrial Set to Begin

By Hometown Insurance | March 15, 2024
Embattled former insurance executive and entrepreneur Greg Lindberg has asked for a new attorney to represent him, less than two months before his second trial on bribery charges is set to begin. A federal magistrate judge this week granted a …
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Florida Suit Says OnStar, LexisNexis Shared Driving Data with Insurers, Spiking Rates

By Hometown Insurance | March 15, 2024
Do motorist-assistance systems like GM’s OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed class-action lawsuit against General Motors and LexisNexis Risk Solutions, …
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Residents Frustrated as $600K in Shore Protection Washes Away at Beach

By Hometown Insurance | March 15, 2024
A Massachusetts beach community is scrambling after a weekend storm washed away $600,000 in sand that was trucked in to protect homes, roads and other infrastructure. The project, which brought 14,000 tons (12,701 metric tons) of sand into Salisbury over …
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China Probes Exposure of HK Units of Banks, Insurers to Local Gov’t Debt: Sources Say

By Hometown Insurance | March 15, 2024
China’s financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to the country’s local government debt, three sources with knowledge of the matter said, as part of its efforts to contain …
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BNP Paribas Considers Buying Fosun’s Ageas Stake

By Hometown Insurance | March 15, 2024
BNP Paribas SA is considering a potential acquisition of Fosun International Ltd.’s stake in Belgian insurer Ageas, according to people with knowledge of the matter. The French lender has been holding discussions on a possible purchase of Fosun’s holding in …
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