Posts by Hometown Insurance
Families of Camp Mystic Flood Victims Allege Negligence in Lawsuit
The operators of Camp Mystic in Texas, where 25 girls and two teenage counselors died in catastrophic flooding on July 4, failed to take necessary steps to protect the campers as life-threatening floodwaters approached, families of the victims allege in …
Read More Watchdog Group Demands OpenAI Withdraw AI Video App Sora Over Deepfakes
The tech industry is moving fast and breaking things again — and this time it is humanity’s shared reality and control of our likeness before and after death — thanks to artificial intelligence image-generation platforms like OpenAI’s Sora 2. The …
Read More Italy’s Generali Names Deputy CEO as Succession Talk Swirls
Generali said on Wednesday it had appointed the head of its insurance business Giulio Terzariol as group deputy chief executive, weeks after investors critical of CEO Philippe Donnet boosted their influence at Italy’s biggest insurance company. Terzariol’s appointment is Donnet’s …
Read More People Moves: Burns & Wilcox Adds New Leaders in Atlanta, Baltimore and Minneapolis
Burns & Wilcox, headquartered in Farmington Hills, Michigan, hired new leaders for the company’s offices in Atlanta, Georgia; Baltimore, Maryland; and Minneapolis, Minnesota. Scott Kiser was named managing director, Atlanta. Kiser joins Burns & Wilcox from Oakbridge Insurance Agency, where …
Read More Meta Pledges $1 Billion to Build AI Data Center in Wisconsin
Meta Platforms Inc. is spending more than $1 billion to build a data center in Wisconsin that will power artificial intelligence work, its latest investment in the infrastructure needed for the fast-moving AI race. The 700,000 square-foot data center will …
Read More China Accuses US of Orchestrating $13 Billion Bitcoin Hack
China’s cybersecurity agency accused the American government of orchestrating the theft of about $13 billion worth of Bitcoin, representing China’s most recent attempt to attribute major cyberattacks to the US. The theft of the 127,272 Bitcoin tokens from the LuBian …
Read More Iceland Sees Security Risk, Existential Threat in Atlantic Ocean Current’s Possible Collapse
Iceland has designated the potential collapse of a major Atlantic Ocean current system a national security concern and an existential threat, enabling its government to strategize for worst-case scenarios, the country’s climate minister told Reuters. The Atlantic Meridional Overturning Circulation, …
Read More Amazon Sued Over ‘Punitive’ Handling of Employee Absences
Amazon.com was sued on Wednesday in a proposed class action saying the retailer subjects thousands of warehouse employees with disabilities to a “punitive” policy governing workplace absences. Amazon, the largest private-sector U.S. employer behind Walmart, was accused of docking unpaid …
Read More Pollen Street Eyes IPO for UK Insurer Markerstudy at £3 Billion Value
Pollen Street Group Ltd. has begun preparing an initial public offering for UK insurer Markerstudy, according to people familiar with the matter. The buyout firm has started early discussions with investment banks about the potential listing, the people said, asking …
Read More Viewpoint: Beware the Rise in Unproven ‘Brittleness Test’ for Roof Shingle Claims
A few years ago, in the early 2020s, it was not unusual to hear about or even see roofing workers in Florida deliberately manipulating roof shingles to make it appear that the roof was damaged by storm winds. I saw …
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