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Posts by Hometown Insurance

Louisiana Lost $82M of Natural Gas Due to Leaks, Report Says

By Hometown Insurance | April 17, 2023
NEW ORLEANS (AP) – Louisiana lost more than $82 million worth of natural gas in 2019 due to leaks, venting or flaring at production sites, according to a study released Thursday by an environmental group and government watchdog organizations. The …
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Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon

By Hometown Insurance | April 17, 2023
Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to both average and median losses of the last 10 years, according to Aon’s Q1 Global Catastrophe Recap Report. However, potential …
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Minneapolis to Pay $8.9M Over Officer’s Actions before Floyd Death

By Hometown Insurance | April 17, 2023
The city of Minneapolis agreed Thursday to pay nearly $9 million to settle lawsuits filed by two people who said former police officer Derek Chauvin pressed his knee into their necks years before he used the same move to kill …
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New Federal Mandates Won’t Impact Premium Finance Transactions: Big I

By Hometown Insurance | April 17, 2023
The Consumer Financial Protection Bureau recently issued a final rule as part of the Dodd-Frank Act, and thanks to the lobbying efforts of the Independent Insurance Agents & Brokers of America (Big “I”) and others, premium financing transactions have been …
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French Court Clears Air France, Airbus Over Rio-Paris Plane Crash

By Hometown Insurance | April 17, 2023
A French court on Monday cleared European planemaker Airbus and Air France of “involuntary manslaughter,” almost 14 years after an airliner plowed into the Atlantic en route from Rio de Janeiro to Paris, killing everyone on board. The ruling follows …
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Navajo Nation Receiving Federal Aid for Severe Flood Damage

By Hometown Insurance | April 17, 2023
The Navajo Nation is set receive federal emergency aid to help repair damage caused by severe flooding during a series of storms earlier this year. President Joe Biden granted a disaster declaration for the largest Native American reservation in the …
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California Church Paying $1.2M over Broken COVID Rules

By Hometown Insurance | April 17, 2023
A California church that defied safety regulations during the COVID-19 pandemic by holding large, unmasked religious services must pay $1.2 million in fines, a judge has ruled. Calvary Chapel in San Jose was fined last week for ignoring Santa Clara …
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Drought Dwindles to Less Than 9% of California

By Hometown Insurance | April 17, 2023
Only remnants of California’s three-year drought remain after winter’s epic storms. The U.S. Drought Monitor reported last week that areas of drought cover less than 9% of the state, down from more than 99% at the Oct. 1 start of …
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Fox-Dominion Defamation Trial Delayed, to Continue Tuesday

By Hometown Insurance | April 17, 2023
Dominion Voting Systems’ $1.6 billion defamation trial against Fox Corp FOXA.O and Fox News will proceed with jury selection starting on Tuesday, a judge announced on Monday. Judge Eric Davis did not provide a reason for the delay. Dominion is …
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Why Downpour in South Florida Just Wouldn’t Stop, Portending Future Floods

By Hometown Insurance | April 17, 2023
In some ways, it was the Florida Man of storms – not quite knowing when to say when. Usually, thunderstorms fizzle out after they run out of rain or get cold air sucked in. But not Wednesday, when the storm …
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