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Posts by Hometown Insurance

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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Banks, Insurers Ordered to Report Sexism and Bullying Cases in Britain

By Hometown Insurance | February 15, 2024
Britain’s markets watchdog has ordered more than 1,000 banks, insurers and brokerages to report how many sexual harassment, discrimination and other non-financial misconduct cases they have recorded since 2021 and how they have dealt with them. The Financial Conduct Authority …
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FWD Mulls Options for $10 Billion Insurer After IPO Delay, Sources Say

By Hometown Insurance | February 15, 2024
FWD Group Holdings Ltd., the Asian insurer controlled by billionaire Richard Li, is considering options including a potential stake sale after delaying a planned initial public offering, according to people familiar with the matter. The company could seek a valuation …
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Regulators to Review Power System Performance During Recent Winter Storms

By Hometown Insurance | February 15, 2024
U.S. energy regulators have launched a review of the performance of the bulk power system during recent winter storms in January that brought Arctic air across much of North America, the North American Electric Reliability Corporation (NERC) said on Tuesday. …
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Microsoft Says it Caught Hackers From China, Russia and Iran Using its AI Tools

By Hometown Insurance | February 15, 2024
State-backed hackers from Russia, China, and Iran have been using tools from Microsoft-backed OpenAI to hone their skills and trick their targets, according to a report published on Wednesday. Microsoft said in its report it had tracked hacking groups affiliated …
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Case Dismissed: Appeals Court Slams Expert Witness in Diabetes Drug Lawsuits

By Hometown Insurance | February 15, 2024
Multi-district litigation over the diabetes drug saxagliptin, a case that combined more than 80 suits from around the country, has failed because the plaintiffs’ sole expert witness was unreliable and did not show a causal link between the medication and …
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Disneyland’s Mickey Mouse And Cinderella Performers May Unionize

By Hometown Insurance | February 15, 2024
Workers who help bring Disneyland’s beloved characters to life — including Mickey Mouse, Donald Duck and Cinderella — are looking to unionize. Labor organizers announced the campaign, saying performers want better safety conditions and scheduling policies to help them keep …
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People Moves: Liberty Names Donatini and Collins VPs, Gootrad Business Development Specialist

By Hometown Insurance | February 15, 2024
The Liberty Company Insurance Brokers named Rick Donatini and Tim Collins to vice president positions and Jules Gootrad as a business development specialist. Donatini joined the firm as vice president, employee benefits. Donatini has more than 30 years of industry …
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How Worker Won Workers’ Compensation for Mental Health Care After Car Crash Injury

By Hometown Insurance | February 15, 2024
A Virginia employer cannot assert that an injury is unrelated to a workplace accident while also arguing that the medical care for that injury is unauthorized; instead the employer must choose one or the other position, the Virginia Workers’ Compensation …
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Lingering Inflation Risks Keep Fed Officials in Wait-and-See Mode on Rate Cuts

By Hometown Insurance | February 14, 2024
The Federal Reserve entered 2024 within spitting distance of its inflation goal. But that’s not quite close enough for policymakers. The risk that inflation could remain stuck above their 2% target is guiding Fed officials’ preference to keep interest rates …
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