Posts by Hometown Insurance
Meta Loses Bid to Toss $175M Verdict in Streaming Patent Case
A federal judge in Austin, Texas on Tuesday rejected a request by Meta Platforms Inc’s to throw out a $175 million jury patent verdict for walkie-talkie app maker Voxer Inc. U.S. District Judge Lee Yeakel’s decision leaves intact the jury’s …
Read More BNP Paribas Sued in France by Climate Advocacy Groups Over Fossil-Fuel Financing
Three climate-minded organizations are set on Thursday to sue BNP Paribas, the eurozone’s biggest bank, on grounds its loans to oil and gas majors breach a legally binding duty to ensure its activities do not harm the environment. The three …
Read More China Urges State-Owned Firms to Drop Big 4 Auditors Over Data Security Concerns
Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a landmark deal to allow US audit inspections on hundreds of Chinese firms listed …
Read More Trade Group Argues SEC Case Unfairly Labels Crypto as Securities
Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. securities regulator against ex-Coinbase employees accused of insider trading, arguing that the case unfairly labeled several crypto assets as securities. …
Read More Proposed NC Rule Would Require More Flood History Disclosure on Homes for Sale
North Carolina home buyers may soon have access to more information about a property’s flooding history, a rule that could help insurance agents sell more flood insurance and other types of coverage. The state’s Real Estate Commission last week voted …
Read More People Moves: AMERIND CEO Valdo Returns from Spiritual Sabbatical
AMERIND has announced the return of Chief Executive Officer Derek Valdo following a year-long religious leave as appointed spiritual leader (3rd War Chief) for the Pueblo of Acoma. Before his departure in January 2022, Valdo appointed Chief Operating Officer Robert …
Read More California Wildfire Innovation Fund Getting $25M Boost
A California fund to encourage wildfire innovation and lower the severity and frequency of catastrophic wildfire is getting a $25 million boost. Walnut Creek, Calif.-based CSAA Insurance Group made a $25 million commitment to the California Wildfire Innovation Fund, a …
Read More Madison Square Garden Loses Appeal of Covid-19 Insurance Claim Dismissal
A New York appeals court last week upheld the dismissal of Madison Square Garden’s Covid-19 business interruption claim against Factory Mutual Insurance Co. The court agreed with a New York County court’s dismissal in January, 2002 after it found that …
Read More 3 Massachusetts Firms to Pay $325K Over Asbestos Work at State University
A Waltham-based construction contractor, Devens-based plumbing contractor, and Woburn-based demolition company will pay up to $325,000 in civil penalties to settle allegations of illegal asbestos work during a renovation project at Fitchburg State University (FSU) in the spring and summer …
Read More Hopeful Cannabis Sales Data an Encouraging Sign for Insurance Specialists
News has been rife with dreary tidings for the cannabis industry over the past year, but a surprisingly encouraging outlook has emerged among the persistent din of downward harbingers like a flower glut, investment funding shrinkage, and layoffs. Industry sales …
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