Posts by Hometown Insurance
Viewpoint: Used-Vehicle Prices May Be Cresting but Insurers Still Underwater
“It was the best of times, it was the worst of times” would be an apt description of the last few years for auto insurers. Immediately after a nationwide, months-long driving hiatus caused collisions to plummet and profits to surge, …
Read More Cyclone Gabrielle Hits New Zealand Leaving Thousands of Homes Without Power
Tens of thousands of homes in northern New Zealand are without electricity as a powerful cyclone begins lashing the South Pacific nation, bringing high winds and intense rainfall. Cyclone Gabrielle is tracking north-east of New Zealand and the center of …
Read More Car-Data Firms Flop as Automakers See Dollar Signs in Software
Auto companies promising billions in new software revenue by the end of the decade have been hiring engineers left and right, poaching executives from tech giants and trying to figure out how to process and monetize the oodles of data …
Read More Governor Names Yaworsky New Florida Insurance Commissioner
Florida’s governor has named the insurance department’s former chief of staff as new insurance commissioner, filling a position that has been vacant since the former commissioner resigned in late December. Michael Yaworsky, now vice chair of the Florida Gaming Control …
Read More Two Arrested in Homemade Bombing of Georgia Woman’s Home
Georgia authorities have arrested two men, a month after a homemade bomb destroyed part of a home near Savannah. Caleb Kinsey, 33, and Stephen Glosser, 36, were apprehended last week after an investigation into the bombing at the Richmond Hill …
Read More Federal Investigators Subpoena Pilots Over Close Call at JFK Airport
Federal investigators said Friday they have issued subpoenas to force the pilots of an American Airlines jet to sit for recorded interviews about a close call on a runway at New York’s Kennedy Airport last month. The National Transportation Safety …
Read More Cinematographer’s Ukrainian Relatives Sue Baldwin over New Mexico Set Shooting
The Ukraine-based relatives of a slain cinematographer are seeking damages in her death from actor Alec Baldwin in connection with a fatal shooting on the set of a Western movie, under a civil lawsuit filed Thursday in Los Angeles. The …
Read More New Zealand Braces for Cyclone Gabrielle, Just Days After Devastating Floods
Residents of Auckland, New Zealand’s largest city, are being asked to prepare for further bad weather as a system described as potentially “the most serious storm to impact New Zealand this century” is forecast to hit in coming days. The …
Read More Judge Rejects Family Members’ Bid to Reopen Boeing 737 MAX Plea Deal
A U.S. judge in Texas late on Thursday denied a legal bid by families of the victims of two Boeing 737 MAX crashes to reopen or reject a January 2021 deferred prosecution agreement. Boeing won immunity from criminal prosecution as …
Read More Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud
Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought didn’t contain the nickel they were supposed to. nickel fraud Trafigura has spent the past two months uncovering what it …
Read More