Posts by Hometown Insurance
Southern California School District Ordered to Pay $45M in Abuse Case
LOS ANGELES (AP) – A jury ordered Southern California’s Santa Monica-Malibu Unified School District to pay $45 million to the family of autistic twins who were physically abused and restrained by an aide at their elementary school. The lawsuit filed …
Read More No Reports of Damage From 5.1 Quake Strike in San Francisco Bay Area
SAN FRANCISCO (AP) – A magnitude 5.1 earthquake rattled the San Francisco Bay Area on Tuesday, causing delays of some commuter trains. There were no immediate reports of damage or injuries. The U.S. Geological Survey said the 11:42 a.m. quake …
Read More China’s Fosun Weighs Options for Hong Kong-Based Peak Re: Sources
Fosun International Ltd. is weighing strategic options for its Hong Kong-based Peak Reinsurance Co. as the Chinese conglomerate looks to pay down debt, according to people familiar with the matter. Fosun is working with a financial adviser as it considers …
Read More Indiana Man Pleads Guilty to Arson of Barn Fires
A man has pleaded guilty in connection with a series of barn fires set last year in several northern Indiana counties. An Elkhart County judge gave preliminary approval Monday to the plea agreement with Joseph Hershberger who was charged with …
Read More Bad Driving, Inflation Among Factors Pushing Increase in Auto Loss Ratios
US auto insurers are coping with the largest direct loss ratio in 20 years because of factors that include historic inflation, a deterioration in driving behavior and sky-high jury awards, the American Property and Casualty Insurance Association says in a …
Read More New Weed Products and Firms Mean Concerns, Opportunities for Underwriters
The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that, management of marijuana and hemp businesses is going through changes, with “weed cowboys” clashing with button-down capitalists – not to …
Read More Buffalo Diocese Agrees to Clergy Oversight Plan as Part of Abuse Settlement With State
The Roman Catholic Diocese of Buffalo has agreed to strengthen its oversight of clergy accused of sexual misconduct to settle a lawsuit brought by New York’s attorney general alleging the church mishandled abuse claims and protected predatory priests, authorities said …
Read More Rhode Island Bus Service, Health Insurer Sued Over Data Breach Victims Sue
Two people whose personal information was compromised in a data breach at Rhode Island’s public bus service that affected about 22,000 people sued the agency and a health insurer this week seeking monetary damages and answers. The class-action suit filed …
Read More TIWA Board to Review 2023 Budget in November Meeting
The Texas Windstorm Insurance Association (TWIA) Board of Directors will hold an interim meeting on Wednesday, November 2 at 10:00 a.m. CT to review preliminary information about the Association’s 2023 budget. The meeting agenda available on TWIA‘s website.TWIA staff will …
Read More Texas Uber Drivers Victimized by Data Breach Receive $4.2M
Texas Attorney General Ken Paxton announced that his office has completed its distribution of $4.2 million in redress payments to approximately 42,000 Texans whose personal information was compromised in a 2016 data breach at ride share company Uber Technologies, Inc. …
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