Posts by Hometown Insurance
In Tesla’s Wake, More Big Companies Propose Voting ‘Dexit’ to Depart Delaware
In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state’s longtime reputation as Corporate America’s capital, Reuters has found. …
Read More People Moves: Roberts Joins Alliant in Boston; MEMIC Promotes Amoateng and Finn
Paul Roberts joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in Boston, Massachusetts, the consultant has expertise in employee benefits, risk management and retirement consulting to service a diverse national …
Read More New York Sues Capital One for Cheating Savings Depositors
Capital One was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of cheating depositors with its flagship “high interest” savings accounts out of millions of dollars in interest. The lawsuit followed the U.S. Consumer …
Read More Waymo Recalls 1,200 Self-Driving Vehicles After Minor Collisions
Alphabet’s Waymo is recalling more than 1,200 self-driving vehicles to update software and address risks of collisions with chains, gates and other roadway barriers after U.S. auto safety investigators opened a probe last year. The recall affects 1,212 Waymo vehicles …
Read More Report: California Workers’ Comp Combined Ratio Highest in 14 Years
Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California …
Read More Business Moves: Insurtech wefox to Sell Italian Businesses to PE Firm J.C. Flowers
German Insurtech wefox has agreed to sell its Italian businesses, wefox MGA S.r.l. and wefox Services Italy S.r.l., to U.S. private equity firm J.C. Flowers & Co. Financial details of the deal were not disclosed. Founded in 2015, wefox has …
Read More Missouri Lawsuit Filed Against Natural Gas Company Over Fatal Home Explosion
Missouri’s attorney general sued a natural gas company Monday over the explosion of a home in a small town that killed a 5-year-old boy, accusing the utility of violating a state safety law. Attorney General Andrew Bailey’s lawsuit came less …
Read More Texas AG Secures $60M Judgment in Pollution Case
Texas Attorney General Ken Paxton last week announced a judgment of more than $60 million against David Polston and his companies, Inland Environmental and Remediation, Inland Recycling, and Boundary Ventures, for allegedly dumping pollutants in Texas waterways and lands. In …
Read More Michigan County Settles Lawsuit Over Elected Official Flashing Rifle During Zoom Meeting
A Michigan county has settled a lawsuit over an elected official who flashed a rifle during a COVID-19-era public meeting on Zoom. Patricia MacIntosh accused Ron Clous of trying to silence her right to free speech when he displayed the …
Read More Texas Bill That Limits Spread of ‘Forever Chemicals’ Misses Key Deadline
A bill aimed at limiting the spread of toxic chemicals on Texas farmland has hit a political wall — missing a key deadline that decreases its likelihood of passage this session. House Bill 1674, introduced by Rep. Helen Kerwin, R-Cleburne, …
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