Posts by Hometown Insurance
Google Faces Damages Claims of $25.4B in UK, Dutch Courts Over Adtech Practices
Alphabet unit Google will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on …
Read More Georgia Shrimpers, Businesses File Suits Over Capsized Cargo Ship Pollution
Fishermen, shrimpers and business owners dependent on coastal tourism have filed lawsuits over pollution caused when a cargo ship capsized off the Georgia coast in 2019. The two federal lawsuits filed last week in Georgia say the pollutants released by …
Read More Retirees Who Invested in Lindberg Firms Wonder if They’ll Ever See Their Money
A legal fight between indicted billionaire Greg Lindberg’s insurance companies and the state insurance commissioner is now in its fourth year, as the two sides battle over $1.2 billion and allegations of bribery and fraud. WRAL.com, part of a Raleigh, …
Read More Parties Scrapped, Bells Toll as UK Financial Services Sector Pays Respect to the Queen
Britain’s financial industry is dialing down activities in the run-up to the funeral of Queen Elizabeth next Monday, canceling events and paring business, as a nation in mourning prepares to bid farewell to Britain’s longest-serving monarch. Post-summer parties have been …
Read More Restaurants Working to Halt New California Fast Food Worker Law
Restaurant owners moved recently to at least temporarily block a nation-leading new California law giving more power to fast food workers. The owners want the state’s voters to ultimately decide the law’s fate. A coalition calling itself Protect Neighborhood Restaurants …
Read More U.S. Seeks to Restore Safety Rules Sparked by Gulf Oil Spill
The Biden administration on Monday proposed offshore drilling safety measures that it said would help prevent oil spills and protect workers and the environment. The proposal aims to restore safety provisions put in place by the Obama administration in 2016 …
Read More Property Catastrophe Reinsurance Entering a True Hard Market
Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance protection is high, competitive pressures are easing, and pricing power …
Read More Bezos’ Blue Origin Suffers Rocket Failure During Uncrewed Mission
A rocket from Jeff Bezos’ space company Blue Origin failed mid-flight shortly after liftoff on Monday, aborting its cargo capsule to safety before crashing into the Texas desert, according to the company and a live video stream of the mission. …
Read More Climate Change is Overwhelming U.S. Flood Maps, FEMA Says
Flood maps used by the Federal Emergency Management Agency are out of date and understate the risks to homes and businesses from flooding and extreme rain triggered by climate change, FEMA Director Deanne Criswell said. Those risks are in focus …
Read More Lender, Builder to Settle Wetlands Lawsuit over St. Simons Island in Georgia
A construction company and mortgage lender accused of damaging wetlands on a famous Georgia island have agreed to settle a federal lawsuit brought by landowners. The site of the controversy is on picturesque St. Simon’s Island, which gained attention when …
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