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Posts by Hometown Insurance

EU Privacy Regulator Fines Meta €251 Million for 2018 Breach

By Hometown Insurance | December 18, 2024
The lead European Union data privacy regulator for Meta fined the social media giant 251 million euros ($263.5 million) on Tuesday for a 2018 Facebook security breach that affected 29 million users. Meta notified Ireland’s Data Protection Commission at the …
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Illinois Man Arrested for Defrauding Victims in Roofing Scheme

By Hometown Insurance | December 18, 2024
An Illinois man accused of defrauding individuals by claiming to be an insurance adjuster doing roof repair after a recent hailstorm was arrested in Florida on Dec. 13. Scott A. Lennington of Morton, Ill. was taken into custody by the …
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Texas Economy Will Top France’s Thanks to Trump, Abbott Says

By Hometown Insurance | December 18, 2024
Texas Governor Greg Abbott has a new ambition for the Lone Star State: surpassing France as one of the world’s largest economies. Abbott predicted that economic output in Texas would soon exceed that of the struggling European nation thanks to …
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Texas Reports 252 New Cases of Groundwater Contamination

By Hometown Insurance | December 18, 2024
Texas agencies reported 252 new cases of groundwater contamination during 2023 in the Texas Groundwater Protection Committee annual report. The latest report compiles 2,870 open cases of groundwater contamination, some of which date back decades. Nearly every county in Texas …
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Ardonagh Reaches $14 Billion Valuation With Stone Point Investment

By Hometown Insurance | December 18, 2024
Ardonagh Group has secured new investment from Stone Point Capital, almost doubling the valuation of the UK insurance broker to $14 billion in three years, according to people familiar with the matter. The deal will see Greenwich, Connecticut-based Stone Point …
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Jury Awards $80M to Family of Chicago Girl Killed During Police Chase

By Hometown Insurance | December 18, 2024
CHICAGO (AP) — A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was killed during a police chase and crash in 2020. The city had acknowledged liability in the death of Da’Karia Spicer. The …
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Biden’s LNG-Export Study Presents ‘Speed Bump’ for Trump

By Hometown Insurance | December 18, 2024
The Biden administration released a key study Tuesday that is likely to complicate President-elect Donald Trump’s plans to quickly approve more exports of liquefied natural gas. The study, which analyzed the economic, environmental and other costs of such shipments, found …
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Can Comp-Exempt Sub Owner Sue Contractor for Work Injury? Miss. Court Says ‘No’

By Hometown Insurance | December 18, 2024
It’s a question that has cropped up in state courts only on rare occasions: If the owner or officer of a subcontractor firm opts out of workers’ compensation coverage for himself, can he then sue the general contractor for negligence …
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AM Best Report Stirs the Pot on Whether MGAs Lead to Insurer Insolvencies

By Hometown Insurance | December 18, 2024
In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued that it wasn’t litigation and roof claims that had led to so many insurer insolvencies: It …
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Schrager Hampson Aviation Expands With Acquisition of Pennsylvania’s Bilella Agency

By Hometown Insurance | December 18, 2024
Schrager Hampson Aviation Insurance Agency LLC, a division of Schrager Hampson Aviation Insurance Group, has announced the acquisition of Charles W. Bilella Agency Ltd, its sixth aviation insurance acquisition. The Charles W. Bilella Agency, in Blue Bell, Pennsylvania, has served …
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Recent Posts

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  • Venezuela Seeks Quake Survivors as Death Toll Hits 589

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