Posts by Hometown Insurance

A federal jury has found a Sarasota insurance agent and financial consultant guilty of defrauding elderly Floridians out of $6 million, money that the victims believed was going to fund a life insurance startup known as FastLife. Phillip Roy Wasserman, …

SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar with the matter told Reuters. A unicorn is a startup that is valued at or above $1 billion. SageSure’s latest …

Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance claims experienced by policyholders in 2022, according to a new report from Coalition. “Threat actors are forever looking for targets …

A worker died after being injured at an Amazon warehouse in Fort Wayne in an incident that closed the facility for the rest of the day, authorities said. Emergency medical crews were called to an Amazon Fulfillment Center about noon …

An SUV slammed into a bridge pier along an interstate highway in Detroit, throwing four young men from the vehicle and killing them, state police said. The GMC Yukon was going fast when it hit the pier around 8 p.m. …

Authorities were assessing the damage after a sinkhole developed on a New Mexico bridge, resulting in the rescue of two pedestrians. Los Lunas police said the city’s Main Street bridge over the Rio Grande remained closed due to the sinkhole …

Wells Fargo & Co. agreed to pay $1 billion to settle a shareholder lawsuit that accused it of making misleading statements about its compliance with federal consent orders following the 2016 scandal involving the opening of unauthorized customer accounts. The …

Dutch medical devices maker Philips said on Tuesday that independent tests have shown that the use of its respiratory devices involved in a major global recall did not cause health risks for patients. Philips said “rigorous testing” by external parties …

The Philadelphia Inquirer experienced the most significant disruption to its operations in 27 years due to what the newspaper calls a cyberattack. The company was working to restore print operations after a cyber incursion that prevented the printing of the …

An owner of Broadway theaters and Pacific Indemnity Insurance Co. have voluntarily agreed to end their remaining litigation over COVID-19 coverage claims. Under the stipulation filed May 11, each party will bear its own attorneys’ fees and other costs. The …