Posts by Hometown Insurance
Illinois Supreme Court: BIPA Claims Accrue With Each Scan
The Illinois Supreme Court ruled Friday that a separate claim accrues each time a business unlawfully scans or transmits an individual’s biometric identifier or information, a decision that could drive up class action settlements against repeated Biometric Information Privacy Act …
Read More QBE Insurance Announces $1.9 Billion Loss Portfolio Transfer With Enstar
QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group’s exposure to portfolio reserves totaling US$1.9 billion. “This portfolio includes reserves primarily relating to North America and international financial lines, discontinued programs and …
Read More Two More Louisiana Residents Sentenced in Staged Auto Accident Conspiracy
Two more Louisiana citizens were sentenced for conspiring to stage automobile accidents in order to defraud insurance and trucking companies. United States Attorney Duane A. Evans announced that John Diggs age 62, of Thibodaux, Louisiana, and James Williams, age 68, …
Read More Austin, Tx. City Manager Fired Over Widespread Power Outages
AUSTIN, Texas (AP) – Austin’s city manager was fired Wednesday in the wake of outrage over a slow and fumbled response to a winter storm power outage that left thousands of people without electricity for a week or longer in …
Read More PCF Insurance Secures $500M Investment
PCF Insurance Services, a top 20 U.S. insurance brokerage firm, today announced that it has secured a $500 million preferred equity investment in a transaction co-led by Carlyle’s Global Credit platform and private equity firm HGGC, an existing minority investor. …
Read More Jeers, Boos From Ohio Residents Enraged by Toxic Train Spill
EAST PALESTINE, Ohio (AP) – Residents of the Ohio village upended by a freight train derailment packed a gymnasium demanding reassurances after toxic chemicals spilled and burned in a huge plume over their homes and businesses. “I have three grandbabies,” …
Read More Appeals Court Blocks California Ban on Mandatory Arbitration for Workers
A U.S. appeals court on Wednesday blocked a California law that prohibited employers from requiring their workers to resolve legal disputes in private arbitration, ruling that it conflicts with a federal arbitration statute. The 2-1 ruling by a three-judge panel …
Read More Ohio’s DNA Diagnostics Settles $200K Fine Over Data Breach
Ohio and Pennsylvania have negotiated agreements with DNA Diagnostics Center – a Fairfield, Ohio, company that provides paternity and other DNA testing – over a 2021 data breach that compromised the personal information of more than 45,000 consumers in the …
Read More Excess Insurer Pays Before Municipal Pool in Boy’s Beach Death, New Jersey High Court Rules
AmeriTrust subsidiary Star Insurance Co. must pay the $9 million balance of a $10 million settlement in the death of a 12-year old boy who died after a trench he dug on a Long Branch, New Jersey beach collapsed on …
Read More RiverStone Secures Multi-Year Excess-of-Loss Reinsurance to Support Growth at Lloyd’s
RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, announced it has secured an innovative multi-year excess-of-loss corporate member reinsurance cover. The reinsurance has been put in place to support the underwriting of a series of new …
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