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Posts by Hometown Insurance

Judge Allows Carroll to Amend Defamation Suit Against Trump to Add His CNN Comments

By Hometown Insurance | June 15, 2023
The New York author who won a $5 million sexual abuse trial against Donald Trump was allowed to expand an earlier defamation lawsuit to add remarks he made about her on a CNN town hall and seek at least $10 …
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Twitter Sued by Music Firms Over Violating Copyrights, At Up to $150,000 a Work

By Hometown Insurance | June 15, 2023
The National Music Publishers’ Association sued Twitter Inc. Wednesday, alleging it violates the copyright of songwriters by using their music on its platform without permission. Twitter is one of the only major social media platforms that doesn’t pay music rights …
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Northeast Vineyards, Apple Orchards Still Hurting From May Frost Damage

By Hometown Insurance | June 15, 2023
Vineyards and apple orchards across the Northeast are still gauging damage from a late-season frost in May that wiped out a third to most of the crop for some growers who say it’s the worst frost damage they have ever …
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Legal & General Hires Santander’s Simoes as CEO

By Hometown Insurance | June 15, 2023
British insurer Legal & General has hired Banco Santander’s António Simões as its new CEO, it said on Thursday, replacing Nigel Wilson. Simões, who has been regional head of Europe for Santander since September 2020, will take up his position …
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Cyberattacks on Renewables: The Stuff of Nightmares for Europe’s Power Sector

By Hometown Insurance | June 15, 2023
Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They knock out digitalized energy grids. They wreak havoc. It’s the stuff of nightmares for European power chiefs. Henriette Borgund knows …
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Kentucky Coal Company, Employee Sentenced for Falsifying Dust Samples, Lying

By Hometown Insurance | June 15, 2023
A coal dust examiner who worked for a Kentucky mining company has been sentenced to six months in prison for falsifying dust samples and lying to federal officials. Walter Perkins’ employer, Black Diamond Coal Company, was placed on probation for …
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AM Best: US Cyber Insurance Segment Reflects Hard Market, Profits

By Hometown Insurance | June 15, 2023
Last year marked robust growth in the U.S. cyber insurance market, with direct premiums increasing by 50% to $7.2 billion, brought on by better underwriting and improved loss ratios, according to Best’s Market Segment Report. Direct premium written tripled in …
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MOVEit Cyber Atack Hits UK Printing Firm Used by Insurers, Brokers and Banks

By Hometown Insurance | June 15, 2023
A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim of the extensive MOVEit cyberattack. Adare SEC confirmed to Bloomberg News on Monday that it was hit by the MOVEit …
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SEC to Weigh New Artificial-Intelligence Rules for Brokerages

By Hometown Insurance | June 15, 2023
Wall Street’s main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients. The US Securities and Exchange Commission said Tuesday that a long contemplated plan to rein in conflicts of interest associated with …
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Bipartisan Bill Would End Section 230 Immunity for Generative AI

By Hometown Insurance | June 15, 2023
Two U.S. senators introduced legislation on Wednesday that would allow social media companies to be sued for spreading harmful material created with artificial intelligence. The law would open the door for lawsuits to proceed against social media companies for claims …
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