Posts by Hometown Insurance
Allianz Shares Drop on Weak Results in P/C Insurance
Allianz SE shares fell as the German insurance giant reported earnings in its property-casualty business that missed expectations. Fourth-quarter operating profit in the segment came in at €1.6 billion ($1.7 billion), Allianz said Friday. That was below the €1.8 billion …
Read More Iowa School District to Pay $20K to Settle Gender Policy Lawsuit
MARION, Iowa (AP) — An Iowa school board has reached an agreement resolving a lawsuit over a now-rescinded district policy that allowed students to request a gender support plan to begin socially transitioning at school, without the permission of their …
Read More AccuWeather Warns of Potential ‘Super-Charged’ 2024 Hurricane Season
AccuWeather experts warn that the return La Niña and historically warm water across the Atlantic Ocean could contribute to a “super-charged” hurricane season in 2024. AccuWeather long-range forecasters say that the current El Niño pattern is expected to transition to …
Read More 3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety
Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of generative AI adoption. Yet these …
Read More AT&T Restores Service After Hours of Outage
AT&T said it had restored wireless service for all affected customers, several hours after a cellular phone outage on Thursday disrupted calls and text messages for thousands of U.S. users, prompting an investigation by federal agencies. The wireless carrier, whose …
Read More American Airlines Must Face Lawsuit Over ESG Retirement Investing
American Airlines must face a lawsuit claiming it failed to prudently oversee employee retirement funds because it used asset managers that pursued sustainable investment strategies, a federal judge in Fort Worth, Texas ruled. U.S. District Judge Reed O’Connor said pilot …
Read More Sotheby’s, Russians, Theft: Insurer Must Defend in High-end Miami Realty Suit
In the glittering world of high-end south Florida real estate, One Sotheby’s International Realty is known as one of the biggest players in the market. This month, the firm is handling the rental of NBA superstar Kevin Durant’s penthouse in …
Read More ALKEME Acquires Ferrante Insurance Services in California
ALKEME acquired Ferrante Insurance Services in Concord, California. Ferrante Insurance Services specializes in providing commercial risk services to contractors throughout California including general liability, workers’ compensation, business auto and bonds. ALKEME is an insurance agency providing businesses and individuals commercial …
Read More Texas Governor Names Ladner Chair, Appoints Houston To Risk Management Board
Texas Governor Greg Abbott has appointed Jeffrey Houston to the Risk Management Board for a term set to expire on February 1, 2025. Additionally, the Governor named Gerald Ladner, Sr. chair of the board. The Board coordinates, monitors, and directs …
Read More Louisiana Lawmakers Push for Tougher Penalties in Response to Surge in Carjackings
BATON ROUGE, La. (AP) — In the moments before Linda Frickey was dragged to her death during a fatal carjacking, the 73-year-old had been sitting in her parked vehicle in New Orleans when she was surrounded by four teenagers. The …
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