Posts by Hometown Insurance
New York Attorney General Settles Lead Paint Complaint Against Major Buffalo Landlord
New York Attorney General Letitia James announced a resolution of her office’s lawsuit to protect Buffalo children and families from lead poisoning in their homes. An agreement filed Friday in Erie County Supreme Court settles the lawsuit and requires the …
Read More Google Hit With $3.45 Billion EU Antitrust Fine Over Adtech Practices
Alphabet’s Google was hit with a 2.95-billion-euro ($3.45 billion) European Union antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, a sharp sanction that riled up U.S. President Donald Trump. The fine, the fourth penalty Google has …
Read More Judge Dismisses Lawsuit Against Detroit Officer in Facial Recognition Arrest
A judge has dismissed a lawsuit against Detroit police in the wrongful arrest of a pregnant woman who was charged in a carjacking partly because of facial recognition technology. Porcha Woodruff, who was eight months pregnant, spent 10 hours in …
Read More S&P Warns of Reinsurer Protections as Catastrophe Risks Escalate
As natural catastrophes become more frequent and destructive, a key backstop intended to help cover losses has gotten harder to access. The reinsurance industry, which exists to help primary insurers cope with losses when disaster hits, has taken significant steps …
Read More New Texas Laws Ban Youth Cabins in Floodways, Require Camp Safety Plans
In the days and weeks following the death of his 9-year-old daughter, Lila, at Camp Mystic in the Texas Hill Country, Blake Bonner found himself wondering whether the tragedy was simply an unstoppable act of God, or if something could …
Read More Two Marquette Men’s Lacrosse Players Killed in Car Wreck
Two members of the Marquette men’s lacrosse team were killed in a car wreck Friday night near the school’s campus in downtown Milwaukee. Marquette officials confirmed that Scott Michaud and Noah Snyder died in the crash. A Mass was held …
Read More Global Reinsurers Meet Cost of Capital for Second Consecutive Year
Sound risk management, strategic use of technology and a maturing partnership with alternative capital have subdued the cyclical nature of the reinsurance market. To achieve or reach beyond the cost of capital, reinsurers must balance short-term opportunities with strategic long-term …
Read More DOJ Drops Defense of Ban on Employee ‘Noncompete’ Agreements
President Donald Trump’s administration abandoned on Friday the U.S. government’s legal defense of a rule adopted under former President Joe Biden that had banned agreements commonly signed by workers not to join rivals of their employers or launch competing businesses. …
Read More While One Suit Over Citizens’ DOAH Hearings is Dropped, Drama Builds in Another
A federal judge agreed to dismiss a lawsuit brought by a 92-year-old Miami homeowner claiming that a state-run arbitration agency deprives policyholders of their constitutional rights when reviewing claims disputes against Citizens Property Insurance Corp. “The dismissal is effective immediately …
Read More Anthropic Agrees to Pay $1.5 Billion to Settle Authors’ Copyright Class Action
Anthropic told a San Francisco federal judge on Friday that it has agreed to pay $1.5 billion to settle a class-action lawsuit from a group of authors who accused the artificial intelligence company of using their books to train its …
Read More