Posts by Hometown Insurance
ECB to Limit Purchases of Longer-Term Debt Issued by Climate Laggards
The European Central Bank will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring system created to screen out polluters and tackle climate change. The maturity limit will cut the “longer-term exposure of the …
Read More McDonald’s Ordered to Face Byron Allen’s $10B Discrimination Lawsuit
McDonald’s Corp. has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing the fast-food chain of “racial stereotyping” by not advertising with Black-owned media. In a decision on Friday, U.S. District Judge …
Read More If it Looks Like an AOB, it is One, Florida Appeals Court Decides in Kidwell Case
A Florida insurance company has landed another blow against one of the industry’s most active opponents, after an appeals court upheld the dismissal of a breach-of-contract lawsuit brought by an assigned contractor. In an opinion published Sept. 16, Florida’s 2nd …
Read More District of Columbia Drops Added Insurance Requirement for Outdoor Dining
The Bowser Administration is withdrawing a proposal to boost the insurance requirement for sidewalk cafes, parklets, streateries and other dining and drinking businesses applying for public use permits. According to Councilmember-at-Large Robert C. White, Jr., the city’s Office of Risk …
Read More Port Operator Faces $21M in Damages Over Buyout Dispute
The company that privatized operations at the port of Wilmington, Delaware several years ago owes more than $21 million in damages for breaching an agreement to buy the port’s former stevedoring firm, a Delaware judge ruled Monday. Vice Chancellor Lori …
Read More Burns & Wilcox Brand Ambassador Max Homa Earns 5th PGA Tour Victory
Burns & Wilcox brand ambassador Max Homa opened the 2022-23 PGA Tour season with a victory at the Fortinet Championship in Napa, California on Sunday, his fifth career PGA victory. Homa is one of three PGA Tour players currently sponsored …
Read More Indiana Steelworker Dies After Industrial Accident
A steelworker who was injured last week in an industrial accident at a northwest Indiana steel mill has died at a Chicago hospital, officials said. Michael Osika, 44, of Schererville died Saturday after being injured Thursday at the Cleveland-Cliffs Indiana …
Read More Centene to Pay Texas $165 Million in Medicaid Drug Pricing Settlement
Health insurance giant Centene Corp. has agreed to pay $165.6 million to Texas to resolve claims that it overcharged the state’s Medicaid program for pharmacy services. It’s the biggest known payout by the nation’s largest Medicaid insurer over its drug …
Read More Federal Court Rules in Favor of Texas Law on Social Media Regulation
A federal appeals court Friday ruled in favor of a Texas law targeting major social media companies like Facebook and Twitter in a victory for Republicans who accuse the platforms of censoring conservative speech. But the decision by the 5th …
Read More Fairfax-Backed Digit Insurance’s IPO Put on Hold by Indian Watchdog
Digit Insurance, a company backed by Canadian billionaire Prem Watsa’s Fairfax Group, has had a planned initial public offering (IPO) put on hold, a Securities and Exchange Board of India (SEBI) regulatory document showed on Tuesday. The IPO has been …
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