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Insurance

Failure to Produce Proof of Purchase Dooms Insurer’s Product Liability Case

By Hometown Insurance | December 6, 2024
A federal court in Pennsylvania recently affirmed that plaintiffs seeking to hold a seller or distributor liable for a faulty product must provide clear evidence of where they purchased their product. In a homeowners insurance subrogation case over water damage …
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Goldman Sachs Quits Global Climate Coalition for Banks

By Hometown Insurance | December 6, 2024
Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts to fight climate change, marking the latest high-profile departure of a U.S. financial firm from the group. The U.S. investment …
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Fraud Ringleader in Washington Sentenced, Ordered to Pay $7.1M in Restitution

By Hometown Insurance | December 6, 2024
A Washington man has been sentenced to a dozen years in prison and ordered to pay $7.1 million for leading a fraud scheme that involved staged collisions. A U.S. District Judge sentenced William Oldham Mize to 144 months in federal …
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Texas Tire Distributor Faces $288K Fine After Forklift Operator’s Death

By Hometown Insurance | December 6, 2024
A U.S. Department of Labor investigation revealed that proper workplace safety training and correct storage of pallets taller than 16 feet could have prevented the fatal injuries suffered by a forklift operator at a tire distribution center in Elm Mott, …
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Texas Senate to Pursue Ban on THC Products in 2025

By Hometown Insurance | December 6, 2024
Lt. Gov. Dan Patrick announced Wednesday that lawmakers in the state Senate would move to ban all forms of consumable tetrahydrocannabinol, or THC, in Texas. Patrick, who presides over the Senate and largely controls the flow of legislation in the …
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Georgia Parents and Teen Indicted in Fatal Drunk Driving Crash

By Hometown Insurance | December 6, 2024
DECATUR, Ga. (AP) — A Georgia couple has been charged with involuntary manslaughter after authorities say they let their daughter and her friends drink alcohol before they got in a fatal car crash that left one of them dead. Hannah …
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Baltimore First Responders Rush to Contain Fire in City’s Wood Refuse Area

By Hometown Insurance | December 6, 2024
Baltimore firefighters last night rushed to the scene of a fire spotted at a wood waste collection yard run by the city. At approximately 5:10 p.m. on Thursday, December 5, a Baltimore parks department employee called 911 after observing a …
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China Aims to Boost Foreign Investment in Property Insurance Market

By Hometown Insurance | December 6, 2024
China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign financial institutions to invest in its property insurance market, and …
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Ransomware Gangs’ Merciless Attacks Bleed Small Companies Dry

By Hometown Insurance | December 6, 2024
The black-and-white message flickering across computer screens sparked panic at Knights of Old, a 158-year-old UK delivery company: “If you’re reading this, it means the internal infrastructure of your company is fully or partially dead.” Knights’ network for managing trucks …
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Trump Names David Sacks as White House AI and Crypto Czar

By Hometown Insurance | December 6, 2024
Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries. “David will …
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