Posts by Hometown Insurance

An 82-year-old woman was pronounced dead at a New York nursing home but found to be breathing three hours later at the funeral home where she had been taken, authorities said. The woman was pronounced dead at Water’s Edge Rehab …

Two powerful earthquakes, which hit southeastern Turkey on Feb. 6, 2023, deliver another blow for the local re/insurance industry, according to a commentary from AM Best. While it is likely that international reinsurance markets will pick up a proportion of …

A Maryland woman spent months conspiring with a neo-Nazi leader based in Florida to plan an attack on Baltimore’s power grid, hoping to further their racist mission, law enforcement officials said Monday. The plan was thwarted when both suspects were …

A Samsung Electronics Co. semiconductor plant in Texas sued its insurer over $400 million in damage claims tied to a power blackout during a deadly winter storm in 2021. The federal lawsuit filed Monday against Factory Mutual Insurance Co. said …

A judge rejected a challenge on Monday by Delaware’s Department of Correction of a jury’s $15,000 punitive damage award to an inmate who was mistreated by a former prison guard during a strip search. The judge upheld the jury’s November …

A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size and influence, a top official at an international forum for central banks said in Wednesday. Data-rich Big Tech companies such …

A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch it at Americanas SA. Investor and consumer groups are calling for closer scrutiny of the accounting firm after the unveiling …

An Ohio Court of Appeals panel said that Nationwide must indemnify a canine owner whose bulldog bit a passer-by, ruling that a policy exclusion barring coverage for bodily injury for a dog with a prior history of attacking or biting …

UK’s Royal Mail is facing a threat from ransomware group LockBit, according to information published on a website, at a time when the British postal and parcel firm is grappling with the fallout of a “cyber incident” from last month. …

Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government more leeway for rescue and reconstruction efforts. Emergency teams are racing against the clock to save potentially thousands of victims …