Posts by Hometown Insurance
Louisiana Suit Alleges Police Killed Fleeing Black Man
SHREVEPORT, La. (AP) – Family members of Alonzo Bagley, a Black man who was killed as he tried to flee police responding to a disturbance call, have filed a $10 million lawsuit against the officer who shot him. The federal …
Read More Houston Law Firm Paid Almost $14M for ‘Prescreened’ Client Leads
The McClenny Moseley law firm agreed to pay $3,000 to $3,500 in advance for each prospective client referred to it by a marketing firm, at a total cost of nearly $14 million, according to documents submitted this week to a …
Read More G20 Watchdog to Tackle ‘Vulnerabilities’ in Decentralized Finance After FTX Collapse
The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in decentralized finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers …
Read More People Moves: MGA Rokstone Names Heaton From Nexus as Head of D&O; RSA Hires CNA Hardy’s Westwood for Cyber Underwriting Team
This edition of International People Moves details appointments at the UK-based MGA Rokstone and RSA Insurance. A summary of these new hires follows here. MGA Rokstone Names Heaton as Head of D&O Rokstone, the London-based international speciality re/insurance MGA, part …
Read More Google Case at Supreme Court Risks Upending the Internet as We Know It
An upcoming Supreme Court case could answer one of the toughest questions of the internet age: Should online companies be held responsible for promoting harmful speech? The case, Gonzalez v. Google, could upend the modern internet economy, sparing no online …
Read More Litigation Funders Deployed $3.2B in U.S. Investments Last Year
44 active funders in the U.S. market had a combined $13.5 billion in assets under management Annual report provides a rare look into industry’s scope Companies that finance U.S. commercial lawsuits in exchange for a cut of any recoveries upped …
Read More Insurer Faces Class Action for Depreciating Labor in Actual Cash Value Payments
Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against the insurer, alleging Trumbull has been incorrectly calculating some property claim payments by deducting labor depreciation. The complaint (Grawe v …
Read More Production to Resume After Fatal Shooting New Mexico Movie Set Shooting
Production is expected to resume this spring on the movie “Rust” that was halted in October 2021 after a fatal shooting on the set involving actor-producer Alec Baldwin. Rust Movie Productions also announced Tuesday that a related documentary will detail …
Read More New Jersey Supreme Court Remands Workers’ Compensation Fraud Case for Allocation of Fault
There will be a jury retrial on allocation of liability in a New Jersey workers’ compensation premium fraud case won by Liberty Insurance Corp. against a construction firm. The New Jersey Supreme Court ruled yesterday that a trial court erred …
Read More Stone Point to Acquire Stake in Truist Insurance for Nearly $2B
Truist today said it has agreed to sell a 20% stake its insurance brokerage business to private equity firm Stone Point Capital for $1.95 billion. Mubadala Investment Company and other co-investors are participating with Stone Point in the investment into …
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