Posts by Hometown Insurance
Republican Wisconsin Lawmakers Propose Plan to Combat PFAS Pollution
MADISON, Wis. (AP) – Republican legislators have proposed a sweeping new plan to address PFAS pollution that would create grants for local governments, limit regulators’ ability to delay projects on polluted property and mandate studies on how to treat contaminated …
Read More Children Rescued from Burning Car While Florida Mom was Shoplifting, Police Say
Shoppers at a Florida mall managed to pull two children out of a burning car after their mother left them alone while she shoplifted, police said. The vehicle caught fire May 26 outside the Oviedo Mall, just northeast of Orlando, …
Read More Appeals Court Upholds Jury’s $9M Irma Verdict That Went Beyond Experts’ Opinions
Juries that are asked to resolve hurricane-damage disputes often hear widely varying damage estimates from expert witnesses. A decision by a federal appellate court on Monday demonstrates that once a jury decides on a number, insurers may need more than …
Read More New York City Files Suit Against Hyundai, Kia Over Thefts
New York City has joined other municipalities in suing carmakers Hyundai and Kia for not having immobilizer anti-theft technology in some of their vehicles, which the municipalities claim has resulted in record car thefts and created a public nuisance around …
Read More Insurance Group Hamilton Mulls Potential IPO, Sale
Hamilton Insurance Group is considering strategic options amid growing momentum for deals involving insurance and reinsurance companies, people familiar with the matter told Reuters. The Bermuda-based group has been discussing options with potential advisers, including an initial public offering (IPO) …
Read More California Insurers’ Inability to Price Risk Is Causing Headaches
California regulations restrict insurers from using sophisticated computer models to consider the rapidly growing wildfire risks from climate change — and that limitation is a factor pushing US insurers out of the state. State Farm General Insurance Co. announced at …
Read More Kazakhstan Presses Ahead With $16.5B Claim Against Oil Majors
Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said. The legal wrangling underscores the risks for foreign companies …
Read More China’s Wheat Growers Face ‘Disaster’ After Heavy Rain Batters Crop
After two weeks of continuous heavy rains, a farmer surnamed Chen in China’s Henan province surveys bent stalks of saturated wheat in sodden fields that will take days to dry out before harvesting can start. The rains are also causing …
Read More Tesla’s $2.6 Billion SolarCity Buyout Ruled Fair as Dismissal of Shareholder Suit Upheld
esla Inc.’s $2.6 billion acquisition of SolarCity in 2016 was “entirely fair” to shareholders, Delaware’s top court ruled, upholding the dismissal of an investor lawsuit and sparing Elon Musk from a potential multibillion-dollar hit. The Delaware Supreme Court on Tuesday …
Read More Wildfires Force Miners to Halt Operations in Eastern Canada
Several mining companies have temporarily halted operations and exploration activities in eastern Canada as unprecedented wildfires rage. Iron Ore Co. of Canada, which is majority owned by Rio Tinto Group, is in the process of idling operations at the mine, …
Read More