Posts by Hometown Insurance
$17M to Settle New Mexico Gender Pay Lawsuit
Hundreds of female city employees are anticipating back payment from the City of Albuquerque, New Mexico, to make up for a wage gap going back years. KOB-TV reported that a judge is expected to sign off on the $17 million …
Read More Gabby Petito’s Family Files Wrongful Death Suit in Utah
Family members of a 22-year-old woman whose boyfriend admitted to killing her last year have filed a wrongful death suit against the Moab Police Department, claiming their negligence led to her death weeks later. The lawsuit is the latest development …
Read More U.S. Supreme Court Considers Making Challenges to FTC, SEC Easier
The U.S. Supreme Court is set on Monday to hear arguments in two cases that could make it easier to challenge the regulatory power of federal agencies in disputes involving the Federal Trade Commission and the Securities and Exchange Commission. …
Read More Berkshire: Negative Q3 Insurance Results Due to Catastrophe, Auto Losses
Berkshire Hathaway’s insurance business recorded an after-tax underwriting loss of $962 million (a pre-tax loss of $1.15 billion) in the third quarter, a decrease of $178 million from 2021, as catastrophe losses and increases in private-passenger auto frequency offset underlying …
Read More Investigators Say Car Was Buried in California in Insurance Fraud Scheme
A car was buried in the backyard of a Northern California mansion 30 years ago as part of a scheme to commit insurance fraud, authorities said Thursday. The convertible Mercedes was discovered last month by landscapers in the affluent town …
Read More Two Families Settle with PacifiCorp in Oregon Over Fire
Electric company PacifiCorp has entered a settlement with two families who were victims of the catastrophic Labor Day fires in southern Oregon in 2020, according to attorneys representing the families, the Oregonian reports. The confidential settlement avoids a jury trial …
Read More Cheerleading Company Denies Abuse Involvement, Hires Big Gun Attorney
The American cheerleading company behind the sport’s top uniforms, camps and competitions is vehemently denying accusations that the enterprise helped facilitate alleged sexual abuse at gyms across the Southeast outlined in a series of federal lawsuits, and has hired a …
Read More Allstate in Talks to Return Headquarters to Chicago From Suburbs
Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city that it quit decades ago. The insurer has held discussions with Chicago officials …
Read More Brazil’s BB Seguridade Raises Full-Year Forecasts as Q3 Profit Jumps 69%
Brazilian insurer BB Seguridade Participacoes SA raised some full-year forecasts on Monday after reporting a 69% jump in third quarter profit on the back of a strong commercial performance in insurance, pension plans and premium bonds. BB Seguridade, which is …
Read More Insuring Cannabis Summit: Carriers Seeing Evolution of the Space
Michael Hall was an early insurance carrier entrant into the insuring cannabis space. Yet, even as it has grown and his competition increases, he doesn’t seem to worry about losing business to competitors or the potential of having to operate …
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