Posts by Hometown Insurance

Japan ordered four major non-life insurance companies to improve business practices in connection with anti-competitive activity that aimed to keep premiums high, Finance Minister Shunichi Suzuki said on Tuesday. The order was issued to Aioi Nissay Dowa Insurance, Sompo Japan …

In recent years, the insurance industry has been grappling with a growing concern: the surge in what is now termed “nuclear verdicts.” As the name suggests, these are not just ordinary legal outcomes. These verdicts are particularly high jury awards …

Insurance trade organizations are always working for the industry so Insurance Journal asked them: What are the top priorities and/or challenges heading into 2024? Here are the responses we received: In the coming year, the American Property Casualty Insurance Association …

Apple Inc., seeking to defend a business that generates roughly $17 billion a year, is appealing a US sales ban of its smartwatches after the White House refused to overturn the measure. Apple will challenge the ban — imposed by …

Tesla is recalling just over 120,000 Model S and Model X vehicles in the United States over the risk of doors being unlocked and opening during a crash, the automaker said Friday. Tesla released an over-the-air (OTA) software update for …

(Bloomberg) — The state of Tennessee sued BlackRock Inc. for allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy. State Attorney General Jonathan Skrmetti said BlackRock funds that don’t take into account ESG factors are …

OCALA, Fla. (AP) — Authorities in central Florida issued an arrest warrant Sunday for a 39-year-old man accused of fatally shooting another man at a shopping mall two days before Christmas in which police say the victim was “targeted.” As …

Oakbridge Insurance Agency, calling itself one of the largest independent agencies with partnerships around the country, has acquired another Georgia company. Akin Insurance Agency, with offices in Vienna and Cordele, Georgia, specializes in agribusiness insurance and has been a family-run …

Floridians concerned about liability when sharing their automobiles with children or friends can relax a bit after the Florida Supreme Court’s recent ruling on the state’s long-standing dangerous instrumentality doctrine. Its decision in Emerson v. Lambert, SC 2020-1311(Fla. Nov. 16, …

Georgia authorities were searching for an Atlanta-area landscaper who has been charged with falsely claiming that one of his commercial-grade lawnmowers had been stolen, then collecting $19,000 from his insurance company. It turns out that Bryan Gatlin, 57, owner of …