Posts by Hometown Insurance

California announced it will sue the companies that make and promote most of the nation’s insulin, accusing them of scheming to illegally increase the price of the drug and demanding they return millions of dollars to some diabetics who state …

Relentless storms from a series of atmospheric rivers have saturated the steep mountains and bald hillsides scarred from wildfires along much of California’s long coastline, causing hundreds of landslides this month. So far the debris has mostly blocked roads and …

Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading states, according to AM Best. A new AM Best commentary notes the ongoing flooding issues in the state will present …

Elon Musk and Tesla Inc. are set to go to trial in San Francisco on Tuesday in a case where the company’s shareholders claim they were defrauded by Musk’s 2018 statement that funding was “secured” to take the electric car …

Miami authorities have arrested five people in connection with a staged auto accident scheme, a scheme that continued even after one of the participants confessed, a state official said. Five people were booked into the Miami-Dade County Jail last week …

Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the US insurer’s divestment plans from non-core markets, according to people with knowledge of the matter. The Boston-based firm is working with JPMorgan Chase …

An Alabama engine mechanic took refuge in a shipping container as a tornado decimated his shop and killed two of his neighbors along its destructive path across Alabama and Georgia. The harrowing stories of David Hollon and other survivors of …

Fires feeding off modern materials found in people’s homes are burning faster and becoming deadlier at the same time that fire departments across the country are struggling to retain and recruit firefighters, officials said Thursday. Officials with various firefighting-related agencies …

Britain’s proposed changes to capital rules for insurers could lead to the government having to bail out policyholders, as happened 20 years ago after the near-collapse of life assurance company Equitable Life, the Bank of England said on Monday. Late …

WASHINGTON, Mo. (AP) _ In an unusual show of bipartisanship, Republican U.S. Sen. Josh Hawley and Democratic U.S. Rep. Cori Bush of Missouri asked the federal government to perform more testing for radioactive contamination on properties owned by the Hazelwood …