Posts by Hometown Insurance
French Bank BNP Paribas Sued by NGOs Over Amazon Rainforest Deforestation Link
Environmental and human rights activist groups said on Monday they had sued BNP Paribas, the eurozone’s biggest bank, for providing financial services to companies they allege contribute to the deforestation of the Amazon rainforest. Brazilian NGO Comissão Pastoral da Terra …
Read More Florida Nursing Home Operator Acquitted of Causing Patient Deaths in Hurricane Irma
A judge on Friday acquitted a Florida nursing home administrator accused of causing the overheating deaths of nine patients after Hurricane Irma in 2017, saying that his employees had provided care and prosecutors had not proven he should have known …
Read More Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks
The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new carriers and fresh sources of capital are emerging, and companies can better afford coverage. Cyber-insurance pricing increased 10% from a …
Read More Michigan Judge Rejects Agency’s Bid to Shield Pro-Union Starbucks Workers From Firing
A federal judge in Detroit on Thursday dealt a blow to a U.S. labor agency by drastically narrowing his recent order that had barred Starbucks Corp SBUX.O from retaliating against pro-union workers nationwide to cover only one Michigan store. U.S. …
Read More Norfolk Southern Cleared by EPA to Resume Ohio Waste Shipments
Norfolk Southern Corp. this week can resume shipments of hazardous waste from the site of its freight train derailment in Ohio, a US official said Sunday. Federal officials ordered the railroad last week to pause waste removal at the site, …
Read More Buffett’s Berkshire Has Record Annual Operating Profit Despite Inflation, Rate Pressures
Warren Buffett’s Berkshire Hathaway Inc. on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and rising interest rates contributed to lower earnings in the fourth quarter. Buffett called 2022 a “good year” for Berkshire in his …
Read More Lindberg Indicted on New Federal Charges of Skimming From His Insurance Companies
North Carolina business and insurance magnate Greg Lindberg has been indicted again on federal criminal charges, this time on accusations that he conspired to skim large amounts of money from his insurance companies, then lied about it to regulators to …
Read More Florida’s Universal Insurance Bounces Back in Q4 After Hurricane Ian Losses
Universal Insurance Holdings Inc. (UVE), parent company of Universal Property & Casualty Insurance Co., last week reported net income of $25.1 million in its fourth quarter, a sharp increase from the previous quarter. On a per-share basis, the Fort Lauderdale, …
Read More Kentucky Senate Votes to Provide Teachers with Liability Insurance for Lawsuits
The Kentucky Senate voted Friday to provide teachers with liability insurance coverage as a cushion against financial losses when forced to defend themselves against work-related lawsuits. The bill would require Kentucky school districts to provide teachers with primary liability insurance …
Read More People Moves: Valley Insurance Agency Alliance Promotes McCoy to Powers Personal Lines Manager; Church Mutual Promotes Two Assistant VPs
Valley Insurance Agency Alliance Promotes McCoy to Personal Lines Manager at Powers Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois, recently promoted Thomas “TJ” McCoy IV to personal lines …
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