Posts by Hometown Insurance
Alabama DOI Needs Insurers to Light Up the Nascent Medical Pot Business in the State
Alabama lawmakers legalized medical marijuana two years ago this month. But it came with a high hurdle: Dispensaries, growers, processors and other license applicants must have at least $2 million of liability and casualty insurance. Now, the Alabama Department of …
Read More People Moves: ARM Names Bulin Head of Investment Consulting; Egglestone Now Resilience Global Head of Claims; Meister Promoted at Distinguished
Egglestone Global Head of Claims at Resilience Resilience today promoted Tom Egglestone to global head of claims. Joining Resilience in July 2022 as international claims leader, UK and Europe, he will now be supporting Resilience clients globally. With prior experience …
Read More NFL Investigated by Two States Over Sex Bias, Harassment Claims
State attorney generals in New York and California on Thursday launched a joint investigation into allegations that female employees of the National Football League (NFL) have been subjected to sex discrimination and harassment. California Attorney General Rob Bonta and New …
Read More State Judge Nixes Trump Damages Suit Against New York Times
Former President Donald Trump’s lawsuit against The New York Times over a 2018 investigative series into his family’s wealth and tax practices was dismissed by a state judge Wednesday. The lawsuit accused the Times and three of its investigative reporters …
Read More AIG Records Strongest Q1 Underwriting Results in General Insurance
American International Group said first quarter 2023 underwriting income in its general insurance segment was $502 million, “representing the strongest first quarter underwriting results AIG has achieved,” said CEO Peter Zaffino. Net premiums written in general insurance increased 5% to …
Read More California Companies Pay Higher Taxes for Unemployment Debt
One potential consequence of California’s ballooning budget deficit: Higher taxes for businesses, with increases possible every year for the next decade. Business owners pay a tax on each of their workers. The money goes into a fund that states use …
Read More Georgia Couple Wins $135.5M for Land Damaged by Runoff from Solar Farm
A federal jury has awarded a Georgia couple $135.5 million for damages to their property by a Tennessee-based solar company and its contractor. The award against Silicon Ranch Corp. and its contractor, IEA Inc., was announced Friday by James E. …
Read More Churchill Downs Investigates 4 Horse Deaths Ahead of Kentucky Derby
The death of four horses at Churchill Downs over a span of five days has overshadowed preparations for the Kentucky Derby. Two horses trained by Saffie Joseph Jr. collapsed on the track and died over the past week. Two other …
Read More Wrongfully Convicted Massachusetts Man Gets $13M Settlement
A Massachusetts man who spent 32 years in prison after he was wrongfully convicted of setting a fire that killed eight people will receive $13 million from the city where he was arrested. “One of the things for me to …
Read More McDonald’s Kentucky Franchises Fined for Working 10-year-olds at Restaurants
Two 10-year-olds are among 300 children who worked at McDonald’s restaurants illegally, a Labor Department investigation of franchisees in Kentucky found. Agency investigators found the 10-year-olds received little or no pay at a McDonald’s in Louisville, the Labor Department said. …
Read More