Posts by Hometown Insurance
Hijacked Satellites, Orbiting Space Weapons: In 21st Century, Space Is New Battlefield
As Russia held its Victory Day parade this year, hackers backing the Kremlin hijacked an orbiting satellite that provides television service to Ukraine. Instead of normal programing, Ukrainian viewers saw parade footage beamed in from Moscow: waves of tanks, soldiers …
Read More Allianz Raises $1.25 Billion in Perpetual-Bond Litmus Test
Allianz SE sold $1.25 billion of perpetual notes Tuesday, the German insurer’s latest batch of risky bonds that investors said could set the tone for the subordinated debt market. The Restricted Tier 1 bond has an annual coupon of 6.55%, …
Read More Renewables Battling Climate Change Now Need to Insure Against It
Solar and wind energy companies are betting on a novel form of insurance to protect their assets against wild and volatile weather — the very type of climate risk they were set up to fight. Renewable power projects can lose …
Read More Sentry Leases 105,000 Square Feet for The General’s Offices in Nashville
Less than a year after it purchased The General auto insurer, Sentry Insurance is leasing 105,000 square feet of office space in Nashville, giving The General new headquarters. The General, one of the largest non-standard auto insurers in the country, …
Read More Fatal Explosion at 110-Year Old U.S. Steel’s Plant Raises Questions About Its Future
The fatal explosion last week at U.S. Steel’s Pittsburgh-area coal-processing plant has revived debate about its future just as the iconic American company was emerging from a long period of uncertainty. The fortunes of steelmaking in the U.S. — along …
Read More California Crafting New Auto Pollution Rules After Trump Attacks
California’s clean-air regulator is pressing ahead with work on new rules for auto emissions in the state and possible new tax credits for electric cars to counter the Trump administration’s effort to corral the state’s regulatory heft. The California Air …
Read More Musk’s SpaceX, Others Win Court Challenge to Labor Board’s Structure
A U.S. appeals court on Tuesday agreed with Elon Musk’s SpaceX and two other companies that the U.S. National Labor Relations Board’s structure is likely unlawful and blocked the agency from pursuing cases against them. The ruling by the New …
Read More Insurance Matters Topped Disputes Handled by Oregon Consumer Advocates
Consumer advocates in the Oregon Division of Financial Regulation report recovering $1.2 for residents, bringing the year-to-date total to more than $3.7 million. In the second quarter, consumer advocates reported getting 1,367 complaints, with insurance complaints leading the way with …
Read More Tesla Drivers Can Pursue Class Action Over Self-Driving Claims, Judge Rules
Tesla must face a certified class action by California drivers who said Elon Musk misled them for eight years about the self-driving capabilities of his company’s electric vehicles. U.S. District Judge Rita Lin said the common question of whether Tesla …
Read More Ohio Healthcare Facility to Settle Race Discrimination Charge
Progressive North Ridgeville, LLC, a healthcare facility in North Ridgeville, Ohio, agreed to pay $5,000 and take corrective action to resolve a race discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. The EEOC’s investigation …
Read More