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Insurance

Aviva Says India Unit ‘Engaging’ With Authorities Over Tax Investigation

By Hometown Insurance | September 4, 2024
British insurer Aviva said on Saturday its India unit is “actively engaging” with local authorities in connection with alleged tax evasion practices. Reuters reported on Friday that an Indian tax agency has found that Aviva India breached local regulations capping …
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Polish Insurer PZU Needs Strategy for Ownership of Stakes in 2 Banks, Minister Says

By Hometown Insurance | September 4, 2024
Poland’s biggest insurer PZU needs a strategy to tackle its ownership of stakes in two banks, which is complicating its valuation, the state assets minister said. Globally, insurers are focusing on core business and are spinning off banking operations, Jakub …
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Viewpoint: It’s Election Season! Regulating Political Speech in the Workplace

By Hometown Insurance | September 4, 2024
With less than three months to go until the general election, politics seem to be a hot topic for discussion these days! However, today’s political climate is more divisive than ever, and there are many reasons why you may not …
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SEC’s WhatsApp Probe Expands as Rating Agencies Hit With Fines

By Hometown Insurance | September 4, 2024
Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating companies failed to keep proper electronic communications — the latest fallout from US regulators’ so-called WhatsApp investigations. The Securities and …
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NCCI Calls For Tiny Workers’ Comp Rate Decrease for Florida After New Doctor Fees

By Hometown Insurance | September 4, 2024
Annual workers’ compensation rate cuts in the double digits have become routine in almost every U.S. state in recent years. That trend may have now come to an end in Florida, where the National Council on Compensation Insurance is recommending …
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Michigan’s Conifer Holdings Sells Insurance Agency Operations

By Hometown Insurance | September 3, 2024
Conifer Holdings announced that it completed the sale of its insurance agency operations for consideration equal to $45 million (subject to transaction expenses and customary purchase price adjustments), plus possible additional earn-out payments of up to $25 million based on …
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Oklahoma Manufacturer Sued For Firing Employees Over COVID Vaccine Exemptions

By Hometown Insurance | September 3, 2024
AG Equipment Company, a Broken Arrow, Oklahoma compressor packaging manufacturer, violated federal law when it fired 10 employees for failing to receive a COVID-19 vaccination because of their religious beliefs or medical restrictions, the U.S. Equal Employment Opportunity Commission (EEOC) …
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Bus Crash Involving Abilene Christian Football Team Injures 4

By Hometown Insurance | September 3, 2024
Four people were injured after a bus carrying the Abilene Christian University football team was involved in a crash with another vehicle in Lubbock, Texas, on Saturday night. One player, two coaches, and the bus driver were taken to University …
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Tornadic Winds Derail 43 Train Cars in North Dakota

By Hometown Insurance | September 3, 2024
STEELE, N.D. (AP) — Tornadic winds knocked nearly four dozen train cars off a track in North Dakota, part of a storm system that spurred reports of five tornadoes across the Dakotas. BNSF Railway spokesperson Kendall Sloan said a train …
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Michigan Court: Businesses Can’t Get State Compensation Over Pandemic Closures

By Hometown Insurance | September 3, 2024
DETROIT (AP) — The Michigan Supreme Court on Friday shut the door on businesses seeking to be paid by the state for restrictions that harmed sales during the COVID-19 pandemic. The court, in a pair of 5-2 orders, let stand …
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