Posts by Hometown Insurance
Some 349,000 Still Without Power in Puerto Rico After Fiona
An estimated 349,000 homes and businesses were still without power in Puerto Rico on Wednesday after Hurricane Fiona hit on Sept. 18, causing an island-wide power outage for its 3.3 million people. After hitting Puerto Rico and the Dominican Republic, …
Read More New Jersey Insurance Law on Ride-Hailing Does Not Apply to Food Delivery: Court
A New Jersey court has ruled that an insurer is not required to provide coverage to an Uber Eats food delivery driver under the state’s law requiring app-based transport services to provide underinsured motorist for their drivers. The law requiring …
Read More How to Avoid Being a ‘Sitting Duck’ During a Disaster-Related Ransomware Attack
Atlantic Hurricane Season, which runs from June 1 through November 30, had a slow start this year but has begun ramping up as Hurricane Fiona made its way across the Atlantic last week and brought with it damage across Puerto …
Read More EU Blames Sabotage for Leaks in Russia Gas Pipelines
Any deliberate disruption to the EU’s energy infrastructure would meet a “robust and united response,” its top diplomat was quoted as saying on Wednesday after several states said two Russian gas pipelines to Europe were attacked. As gas continued to …
Read More EU Draft Rules Would Make It Easier to Sue Drone Makers, AI Systems
Individuals and companies that suffer harm from drones, robots and other products or services equipped with artificial intelligence software will find it easier to sue for compensation under EU draft rules seen by Reuters. The AI Liability Directive, which the …
Read More EU Weighs Ban on Shipping Russian Oil as Part of Price Cap
The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction of a price cap on Russian oil, according to people familiar with the matter. A shipping ban would prohibit EU …
Read More Oklahoma Town Facing Probation From National Flood Insurance Program
Moffett, Oklahoma could soon face probation by the National Flood Insurance Problem due to deficiencies and violations with the town’s floodplain management program, FEMA announced this week. FEMA will place the town on probationary status on Nov. 26 unless Moffett …
Read More 16 Wall Street Firms Fined $1.8B for Talking Deals, Trades on Personal Apps
U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping …
Read More Gun Violence Costs the U.S. $557 Billion a Year
Gun violence that causes tens of thousands of US deaths each year — far more than any other developed nation — is having a significant, negative impact on the country’s economy, Harvard Medical School researchers said. Harvard Medical School researchers …
Read More Appeals Court Won’t Certify Class Action on State Farm’s Diminished Value Formula
Auto and property insurers in the last three months have settled class-action lawsuits in Southern states alleging the carriers systematically underpaid claims. A federal appeals court in Georgia has decided a similar issue in favor of the insurer, noting that …
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