Posts by Hometown Insurance

Deutsche Bank AG agreed to pay $75 million to settle a lawsuit in which victims of Jeffrey Epstein’s sexual abuse accused the bank of facilitating his sex-trafficking operation, according to attorneys for the plaintiffs. Deutsche Bank agreed to settle after …

Johnson & Johnson has set aside $400 million to resolve U.S. state consumer protection actions as part of its broader $8.9 billion effort to settle claims that its Baby Powder and other talc products cause cancer. J&J subsidiary LTL Management …

The 2022 property/casualty insurance industry saw a stark difference between the combined ratio of commercial lines at 94.8, while personal lines came in at 109.9. It was the largest difference in about 15 years, according to actuaries at the Insurance …

Norfolk Southern Corp was sued on Tuesday by bondholders who said they lost hundreds of millions of dollars because the railroad concealed safety risks prior to the February derailment in Ohio of a train carrying hazardous chemicals. The proposed class …

The U.S. Occupational Safety and Health Administration has cited a Georgia wood-treating company and its maintenance firm for exposing workers to high levels of arsenic, actions that could result in as much as $180,000 in fines. OSHA opened an investigation …

ALKEME acquired the Infinity Insurance Group in Idaho. Infinity Insurance is an insurance agency with offices in Post Falls. Infinity Insurance broke away from its parent company in 2010 and has focused on providing auto, home, health, life and commercial …

The Department of Justice proposed an amended complaint and consent decree in the District of Maryland that would resolve claims that chicken producer George’s Inc. and George’s Foods conspired with other poultry processors for years to suppress workers’ wages by …

Nashville-based Davies Group, a rapidly growing professional services and technology firm serving the insurance industry, has named Jen Morrissey group chief operations officer. Morrissey was previously chief information officer with Unison Risk Advisors and was with Willis Towers Watson before …

Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to seen how long the reprieve can …

Risk Strategies, a specialty insurance brokerage with national reach, has acquired Combined Underwriters of Miami, an independent agency that offers commercial and personal insurance and benefits products in south Florida. Combined Underwriters has been around for 30 years, specializing in …