Posts by Hometown Insurance

Florida-based NextEra Energy Inc., one of the world’s largest electric utilities, has settled a class-action lawsuit, agreeing to pay $8 million to some 20,000 employees who said the company had mishandled retirement funds. Plaintiffs’ attorneys’ fees should not exceed 33% …

Holmes Murphy announced its expansion into North Dakota with the hiring of Mark Julik. Julik joins Holmes Murphy with a wealth of insurance and construction–industry expertise, shaped by more than 18 years at Marsh McLennan Agency. During his tenure as …

London’s marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on Tuesday. Guidance from the Joint War Committee, which comprises syndicate …

The Tennessee Department of Commerce and Insurance announced personnel changes at the department this week. Michael Barber, with 20 years of experience in the insurance industry, was named director of the Consumer Insurance Services section. Barber joined TDCI in 2018 …

The Iran conflict has thrust container shipping from an industry bracing for a capacity glut to another potential “black swan” supply crunch. That paradigm shift dawned on the more than 3,500 importers, freight forwarders and ocean carriers gathered this week …

A New York state judge on Monday rejected British oil major Shell’s request to throw out an arbitration award that favored Venture Global in a dispute over the American company’s alleged improper sale of liquefied natural gas. Justice Joel Cohen …

The father of Laken Riley, who was killed on the campus of the University of Georgia by a Venezuelan man who lived nearby, is accusing the state university system of negligence that he says led to his daughter’s death. Jason …

Importers seeking their share of more than $130 billion in tariff refunds are flocking to a little-known U.S. trade court, which must now figure out how to deal with what is expected to be an explosion of cases. Multinationals such …

A Delaware judge has ruled that insurers do not have a duty to defend Meta Platforms in the thousands of lawsuits that allege that its Facebook and Instagram platforms harm children. Superior Court Judge Sheldon K. Rennie ruled that Meta’s …

Malaysia’s central bank has approved the start of talks for MNRB Holdings Bhd. to sell its Islamic insurance unit Takaful Ikhlas, according to people with knowledge of the matter. Kuala Lumpur-listed MNRB can open negotiations with Bank Kerjasama Rakyat Malaysia …