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Posts by Hometown Insurance

Markets/Coverages: Brit Renews and Expands Flagship Cyber Consortium

By Hometown Insurance | February 15, 2023
Brit Ltd. announced the renewal and planned expansion of its leading cyber consortium, Brit Cyber Attack Plus (BCAP), a cyber product designed to protect clients from the impact of physical damage arising from cyber-attacks. BCAP offers limits of up to …
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AXIS Capital Commits to Greenhouse Gas Reduction Goals

By Hometown Insurance | February 15, 2023
AXIS Capital Holdings Ltd. announced its commitment to a 50% absolute reduction of Scope 1 and 2 greenhouse gas (GHG) emissions by 2030 across its global operations. The action is the company’s latest step in its ambition to transition to …
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German Court Dismisses Greenpeace-Led Climate Case Against VW; Plaintiffs to Appeal

By Hometown Insurance | February 15, 2023
A regional court in Germany has dismissed a case led by Greenpeace against Volkswagen calling on the carmaker to tighten its carbon emissions targets, the company and the climate group said in separate statements on Tuesday. The three plaintiffs – …
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Cyclone’s Destructive Path Through New Zealand Kills at Least Four People

By Hometown Insurance | February 15, 2023
Four people are dead and there are concerns for others who are missing on New Zealand’s North Island as emergency services struggle to reach isolated communities in the aftermath of Cyclone Gabrielle. The dead include a young person caught in …
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Scandinavian Airline SAS Hit by Cyber Attack, Affecting App

By Hometown Insurance | February 15, 2023
Scandinavian airline SAS said it was hit by a cyber attack Tuesday evening and urged customers to refrain from using its app but later said it had fixed the problem. News reports said the hack paralyzed the carrier’s website and …
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Hyundai, Kia Offer Software Upgrade to 8.3 Million Vehicles to Prevent Thefts

By Hometown Insurance | February 15, 2023
Hyundai Motor and Kia Corp. will offer software upgrades to 8.3 million U.S. vehicles to help curb increasing car thefts using a method popularized on TikTok and other social media channels, the Korean automakers said on Tuesday. TikTok videos showing …
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Fox News Must Face Smartmatic’s Lawsuit Over Election-Rigging Claims

By Hometown Insurance | February 15, 2023
A New York state appeals court rejected Fox News’ bid to dismiss a multibillion-dollar defamation lawsuit accusing the network of falsely accusing an electronic voting systems company of helping rig the 2020 U.S. presidential election to favor Joe Biden over …
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Lawsuits Pile Up Two Years After Winter Storm Uri

By Hometown Insurance | February 15, 2023
HOUSTON — When Cherrilyn Nedd left her uncomfortably cold Summerwood home during the February 2021 winter storm to stay with her in-laws — who had a generator — she never expected that she would return to find the house ruined. …
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Trial Lawyers Push Back Against Florida Plan for More Insurance Tort Reform

By Hometown Insurance | February 15, 2023
It’s now clear what the regular session of the Florida Legislature will focus on when lawmakers convene March 7: More litigation measures that would bring property insurance-type reforms to automobile and other lines of insurance. The rough outlines of a …
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Former Alfa Agent Named Alabama Deputy Insurance Commissioner

By Hometown Insurance | February 15, 2023
Larry Chapman Jr., recently an agent with Alfa Insurance, is the new deputy insurance commissioner for Alabama. The state Department of Insurance announced that Chapman will fill the spot left vacant by Mark Fowler, who was named commissioner after longtime …
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