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Posts by Hometown Insurance

Cosby, NBC, Studio Face New Sex Abuse Lawsuit Under New York’s Filing Extension

By Hometown Insurance | December 8, 2022
Five women who have long accused Bill Cosby of sexually assaulting them early in their careers have filed the latest lawsuit against the 85-year-old comedian — and this one calls NBCUniversal, a studio and a production company complicit in the …
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Court Weighs Novel Issue of Crypto Ownership in Bankruptcy

By Hometown Insurance | December 8, 2022
A U.S. judge this week is considering for the first time the question of who owns bitcoin and other tokens in frozen accounts at a bankrupt digital asset exchange in a case that could shape customer protections in the cryptocurrency …
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G7’s Price Ceiling on Russia Oil Isn’t Low Enough to Hit Putin’s War Budget: Economists

By Hometown Insurance | December 8, 2022
The Group of Seven’s price ceiling on Russian oil exports isn’t low enough to take a big bite out of the Kremlin’s revenues next year and economists say even if it does lead to a drop in crude production, Vladimir …
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Millions of Barrels of Oil Stuck Near Turkey on Sanctions-Related Insurance Glitch

By Hometown Insurance | December 8, 2022
A backlog of oil tankers at the Turkish straits continues to build up as negotiations failed to produce a solution to an insurance glitch caused by sanctions on Russian crude. Twenty-six tankers holding more than 23 million barrels of oil …
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AmTrust: Mental Stress, Other Restaurant Injuries Up Since COVID

By Hometown Insurance | December 8, 2022
According to a new report by AmTrust Financial Services, while overall restaurant injuries are down, specific injuries, including crushing, fainting, inflammation, strains and mental stress, are up significantly compared to pre-pandemic numbers. Amtrust’s findings were based on nearly 170,000 claims …
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NHTSA Opens Safety Probes Into Honda, Jeep, Ram Vehicles

By Hometown Insurance | December 8, 2022
The U.S. National Highway Traffic Safety Administration (NHTSA) is opening new safety probes into 1.72 million Honda vehicles, 230,000 Jeeps and 390,077 Ram trucks. The auto safety regulator said it will begin preliminary evaluations into issues involving loss of power …
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Florida OIR Wants Longer Notice on UPC’s Policy Cancellations for Runoff

By Hometown Insurance | December 8, 2022
United Property & Casualty Insurance Co., now in the midst of an orderly run-off after years of heavy losses, had planned on giving 60 days cancellation notice to policies still in force as of May 31, 2023. But Florida regulators …
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Officials Mark $2.5 Million for Kentucky River Flood Mitigation Study

By Hometown Insurance | December 8, 2022
After massive flooding inundated parts of eastern Kentucky in 2021 and again this year, state officials are looking for ways to mitigate the damage from future floods that are sure to come. Gov. Andy Beshear, a Democrat, and U.S. Rep. …
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Report Blasts Virginia School System’s Handling of Sexual Assaults

By Hometown Insurance | December 8, 2022
A special grand jury convened at the request of Virginia Gov. Glenn Youngkin has issued a scathing report against a northern Virginia school system accusing it of mishandling a student who sexually assaulted classmates at two different high schools last …
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Class Action Lawsuit Against California Cannabis Companies Alleges Lower Than Advertised THC Content

By Hometown Insurance | December 8, 2022
A class action lawsuit against two California companies on Tuesday alleges they sold products in which the THC content was misrepresented as being higher than it actually is. Law firm Dovel & Luner announced it filed a suit against Ironworks …
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