Posts by Hometown Insurance
First Republic Regulators Rush to Fix Crisis as Banks Make Bids
US regulators were rushing to resolve the First Republic Bank crisis Sunday after a midday deadline passed for submitting final bids to take over the struggling lender. The Federal Deposit Insurance Corp. had asked banks including JPMorgan Chase & Co., …
Read More Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits
A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said. The …
Read More Georgia Sheriff’s Chief of Staff Charged with Insurance Fraud in ‘Hit-and-Run’ Claim
The chief of staff for an Atlanta-area sheriff has been charged with insurance fraud after an investigation found that he had lied about the circumstances of an accident. Braxton Tyree Cotton, 41, a major in the Cobb County Sheriff’s Office, …
Read More TN Volkswagen Plant Shut Down After Three Workers Hit by Vehicle Outside
Management shut down production Saturday at a Volkswagen plant in Tennessee after three workers were struck by a vehicle on a walkway just outside the plant, authorities said. One person was killed, a second was critically injured and a third …
Read More Mississippi Tire Plant Partly Covered, Will Reopen in June After Tornado
A northeast Mississippi tire plant that was damaged by an April tornado is expected to restart production in June. Goodyear Tire & Rubber Co. said this week that it was likely to take several months for its Cooper Tire plant …
Read More South Florida Jury Awards Woman $5.5M from Mold, Water Damage in Condo
A south Florida jury has awarded $5.5 million to a woman who sued her condominium association after years of water infiltration and mold that the woman blamed for the death of her longtime domestic partner in 2021. The Broward County …
Read More Biden Declares Flooded Parts of South Florida a Disaster Area
President Joe Biden declared Florida’s Broward County a disaster area Friday, two weeks after record-breaking rain left parts of Fort Lauderdale and its suburbs flooded. Gov. Ron DeSantis had requested the declaration earlier this week. The declaration makes Broward residents …
Read More Court Reinstates Criminal Charges Against Veterans’ Home Officials Over COVID Policies
Massachusetts’ highest court overruled a lower court judge Thursday and reinstated criminal neglect charges against two top former officials at a veterans’ home. Nearly 80 veterans died at the Veterans’ Home in Holyoke after contracting the coronavirus in one of …
Read More Lawsuit Seeks to Recover $3M Invested in Louisiana Hurricane-Damage Lawsuits
A restoration contractor that helped finance an effort by McClenny Moseley & Associates to file thousands of hurricane-damage claims in Louisiana wants its $3 million investment back. Access Restoration Services US filed a lawsuit in a Texas state court in …
Read More Feds: Ohio Man Tried to Firebomb Ohio Church to Stop Drag Show
CLEVELAND (AP) – An eastern Ohio man told investigators that he tried to burn down an Ohio church because he wanted to prevent a drag show that was scheduled to take place there, federal prosecutors allege in newly unsealed charges. …
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