Posts by Hometown Insurance
Magnitude 5.7 Earthquake Struck Mauna Loa Volcano in Hawaii
A magnitude 5.7 earthquake struck the world’s largest active volcano on Friday — Mauna Loa on the Big Island of Hawaii — knocking items off shelves and cutting power in a nearby town but not immediately prompting reports of serious …
Read More Dartmouth Basketball Players’ Labor Victory Only Start of Path to Union Deal
A ruling that gives the Dartmouth basketball team the right to unionize has far-reaching implications for all of college sports — from the quaint, academically oriented Ivy League to the big-money football factories like Michigan and Alabama. But it’s not …
Read More SEC Hits More Wall Street Firms With $81M in Fines Over Record-Keeping
A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to settle U.S. Securities and Exchange Commission charges of record-keeping failures, the regulator said on Friday. The settlements with broker-dealers and investment …
Read More Captive Insurance Expert Pleads Guilty to Aiding Solar Ponzi Scheme Leaders
Remember the Carpoffs, the California couple sent to prison in 2021 and 2022 for running a $1 billion Ponzi scheme tied to mobile solar generators? The scheme that reportedly ensnared Warren Buffet’s Berkshire Hathaway and the Progressive insurance corporation? A …
Read More HP Claims $4 Billion Losses in London Lawsuit Over Autonomy Deal
Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded by its co-founder Mike Lynch to inflate the company’s value, HP’s lawyers told a London court on Monday. HP is …
Read More People Moves: Starkweather & Shepley Names Chairman, CEO
Starkweather & Shepley Insurance Brokerage Inc., headquartered in Providence, Rhode Island, named Andrew Fotopulos chairman and Peter Plumb chief executive officer. The two will assume their roles in June upon the retirement of Larry Keefe, current chairman and chief executive …
Read More Federal Trade Commission Reports Nationwide Fraud Losses Topped $10B in 2023
Consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark, and a 14% increase over reported losses in 2022, newly released Federal Trade Commission data shows. Consumers reported …
Read More TikTok Faces Fine as EU Prepares Probe Over Risks to Minors
TikTok owner ByteDance Ltd. faces the threat of hefty fines as the European Union prepares a probe under its strict new content moderation rules over concerns of risks to minors. The European Commission will open an investigation into TikTok under …
Read More No Insurance on 200-foot Tower Stolen from Alabama Town’s Radio Station
JASPER, Ala. (AP) — The theft of a giant radio tower has silenced what used to be the voice of a small Alabama town and the surrounding county, the radio station’s general manager said. A thief or thieves made off …
Read More The Odds of a Hurricane-Boosting La Niña This Year Are Rising
The odds of a La Niña weather pattern this year are rising, amplifying the risk of hurricanes in the Atlantic and drought in California and South America. There’s a 55% chance that La Niña, a cooling of the equatorial Pacific, …
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