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Posts by Hometown Insurance

Georgia Senate Approves End to Direct-Action Suits vs. Truck Insurers

By Hometown Insurance | February 15, 2024
ATLANTA (AP) — Georgia senators are moving to limit the ability of people to sue insurance companies directly in lawsuits over trucking accidents. The Senate voted 46-2 on Tuesday to pass Senate Bill 426, sending it the House for more …
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West Virginia Bill Stokes Fears About Pesticide-Producing Logging Facility

By Hometown Insurance | February 15, 2024
CHARLESTON, W.Va. (AP) — A West Virginia bill approved by the House of Delegates on Tuesday that limits counties from regulating agricultural operations is stoking fears that a logging company could resurrect plans to build a toxic-spewing fumigation facility in …
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Trial in Fatal New Mexico Movie Shooting to Focus on How Live Ammunition Got on Set

By Hometown Insurance | February 15, 2024
The scheduled trial next week of a movie weapons supervisor in the fatal shooting of a cinematographer by Alec Baldwin may hinge on an enduring mystery: How did live ammunition find its way onto the set of a film set …
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Oracle Women Fought 7 Years for Equity, Only to Win an Extra Paycheck or Two

By Hometown Insurance | February 15, 2024
Oracle Corp. female employees who fought the company in court for almost seven years over gender-pay equity reached a $25 million settlement — a small price for the software giant that amounts to one or two paychecks for most of …
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Bankruptcy Judge Permits Insurance Payments for Bed Bath & Beyond Executives

By Hometown Insurance | February 15, 2024
The directors and officers of Bed Bath & Beyond will have their legal costs related to the retailer’s bankruptcy covered under a Zurich American Insurance policy. U.S. Bankruptcy Judge Vincent F. Papalia has stipulated that Zurich Insurance can issue payments …
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Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best

By Hometown Insurance | February 15, 2024
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. For reinsurers, a relatively stable economic environment in 2023, a long run of …
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Tinder, Other Match Dating Apps Encourage Compulsive Use, Lawsuit Claims

By Hometown Insurance | February 15, 2024
Match Group was sued on Wednesday in a proposed class action claiming that its dating apps Tinder, Hinge and The League are designed to addict users, generating more profit for the company, rather than help them establish relationships. The plaintiffs …
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People Moves: Kestenbaum to Manage New Burns & Wilcox Boston Office; ShoreOne Names Voss Claims Officer

By Hometown Insurance | February 15, 2024
Burns & Wilcox Names Kestenbaum Managing Director of New Boston Office Insurance broker Burns & Wilcox, headquartered in Farmington Hills, Michigan, named Peter Kestenbaum managing director of its new Boston office. Kestenbaum joins Burns & Wilcox with nearly 20 years …
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Howden to Acquire Captive Manager ARM Group Holdings

By Hometown Insurance | February 15, 2024
Howden, the London-based insurance intermediary group, announced it has agreed to acquire ARM Group Holdings Ltd., the parent of Alternative Risk Management, one of the largest independent insurance managers in Europe and a specialist in the formation and management of …
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Vermont’s Consumer Protection Suit Against Energy Firms Returned to State Court

By Hometown Insurance | February 15, 2024
The federal district court in Burlington, Vermont recently granted the state attorney general’s motion to return the state’s consumer protection case against Exxon and other fossil fuel producers to state court. The federal court said that since the case is …
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