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Posts by Hometown Insurance

FTX Sues Sam Bankman-Fried’s Parents to Claw Back Funds

By Hometown Insurance | September 22, 2023
The managers of bankrupt crypto exchange FTX sued the parents of co-founder and former Chief Executive Officer Sam Bankman-Fried to “recover millions of dollars in fraudulently transferred and misappropriated funds.” Allan Joseph Bankman and Barbara Fried allegedly exploited their access …
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Two Killed When Pickup Hits Amish Buggy in Upstate New York

By Hometown Insurance | September 22, 2023
ALEXANDRIA, N.Y. (AP) — A pickup truck struck the back of an Amish buggy in northern New York, killing two children who were 1 and 3 years old and injuring four others, police said Thursday. A pickup truck driven by …
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Storm Could Bring Winds, Storm Surge to Carolina, Virginia

By Hometown Insurance | September 22, 2023
A potential tropical storm, so far unnamed, was predicted to make landfill in North Carolina Saturday, then push across eastern Virginia and Maryland by Sunday. The storm was off the coast of South Carolina and North Carolina with top sustained …
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California Commissioner Announces Strategy to Improve Insurance Market Conditions

By Hometown Insurance | September 22, 2023
California Insurance Commissioner Ricardo Lara announced a package of executive actions to improve insurance choices and protect Californians from increasing climate threats. The California Department of Insurance is calling it the largest insurance reform since voters passed Proposition 103 nearly …
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First Private US Passenger Rail Line in a Century Launches in Florida. Safety is a Concern

By Hometown Insurance | September 22, 2023
MIAMI (AP) — The first big test of whether privately owned high-speed passenger train service can prosper in the United States will launch Friday when Florida’s Brightline begins running trains between Miami and Orlando, reaching speeds of 125 mph (200 …
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Murdaugh Pleads to Federal Charges for Skimming Settlement Funds from Clients

By Hometown Insurance | September 22, 2023
For the first time, Alex Murdaugh has admitted in federal court that he committed 22 counts of financial fraud and money laundering. Murdaugh, a well-known South Carolina attorney who said he was addicted to opioids, is already serving life without …
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Viewpoint: Solving Systemic Risk Is the Cyber Market’s Number One Priority

By Hometown Insurance | September 22, 2023
The Grange Pub in Cardiff is a typical modern British tavern. A short stroll from the city centre, it’s busy most days of the week. Weekends are packed, especially for Sunday lunch. In March 2020 all that stopped. Government lockdown …
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NC Family Sues Google After Man Drove off Collapsed Bridge Following Map Directions

By Hometown Insurance | September 22, 2023
RALEIGH, N.C. (AP) — The family of a North Carolina man who died after driving his car off a collapsed bridge while following Google Maps directions is suing the technology giant for negligence, claiming it had been informed of the …
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Cisco to Buy Splunk for $28 Billion in Giant AI-Powered Data Bet

By Hometown Insurance | September 22, 2023
Cisco Systems Inc. agreed to buy Splunk Inc. in a deal valued at about $28 billion, representing its biggest acquisition yet and a massive push into software and artificial intelligence-powered data analysis. The networking giant will pay $157 a share …
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T-Mobile Glitch Showed Customer Data to Wrong Account Holders

By Hometown Insurance | September 22, 2023
Some T-Mobile US Inc. customers logged into their accounts Wednesday to a surprise: Another subscriber’s billing and account information was being shown on their online dashboards. Subscriber data including credit card information, home addresses, phone numbers and account balance were …
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