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Insurance

South Africa Insurer Santam Plans Asia Expansion, Following Success of Parent Sanlam

By Hometown Insurance | August 30, 2024
South Africa-based general insurer Santam Ltd. plans to expand in Asia to diversify its premiums and counter tepid growth at home. The insurer, a subsidiary of financial services group Sanlam Ltd., generates 82% of its premiums in South Africa. “We …
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Lithium Startups Bet on High Demand in Battery-Powered Future

By Hometown Insurance | August 30, 2024
As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade. To meet it, a new …
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Museum to Sell Painting in Settlement With Heirs of Jewish Family That Fled the Nazis

By Hometown Insurance | August 30, 2024
A Pennsylvania museum has agreed to sell a 16th century portrait that once belonged to a Jewish family that was forced to part with it while fleeing Nazi Germany before World War II. The Allentown Art Museum will auction “Portrait …
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People Moves: Cooley Joins Graham Rogers Insurance as Transportation New Business Underwriter

By Hometown Insurance | August 29, 2024
Paula Cooley joined Graham-Rogers Insurance, headquartered in Bartlesville, Oklahoma, as a transportation new business underwriter. Cooley will focus on garage and transportation commercial auto. She has over 40 years of property and casualty experience, most recently serving as senior transportation/garage …
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Woman Shot at Chicago White Sox Game Sues Team and Stadium Authority

By Hometown Insurance | August 29, 2024
CHICAGO (AP) — A woman who was shot in the leg during a White Sox game last year is suing the team and the Illinois agency that owns Guaranteed Rate Field. The woman was in the left-field bleachers in Section …
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Appeals Court Revives Tesla’s Challenge Against Louisiana Law Banning Direct Sales to Consumers

By Hometown Insurance | August 29, 2024
NEW ORLEANS (AP) — Tesla’s federal court challenge to a Louisiana law that prohibits automobile manufacturers from selling directly to consumers has been revived by an appeals court. The lawsuit by the electric car company owned by billionaire Elon Musk …
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Chicago Manufacturer Faces $1M Fine for Exposing Workers to Silica Dust

By Hometown Insurance | August 29, 2024
Federal safety inspectors became aware that a 31-year-old employee of a Chicago countertop manufacturer needed a double lung transplant after suffering accelerated silicosis ‒ an incurable lung disease – and the U.S. Department of Labor immediately alerted the company of …
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Texas Officials Sued Over Anti-ESG Law Targeting Wall Street

By Hometown Insurance | August 29, 2024
The American Sustainable Business Council sued Texas officials in an effort to block a law that restricts state investments with certain financial firms because of their energy policies. The lawsuit filed Thursday in federal court in Austin, argues the 2021 …
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Telegram Lawyer Says Investigation Into CEO Durov Is ‘Absurd’

By Hometown Insurance | August 29, 2024
A lawyer for Telegram boss Pavel Durov, who is the target of an unprecedented investigation in France, said on Thursday it was “absurd” to suggest the head of a social network was responsible for any criminal acts committed on the …
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Dick’s Sporting Goods Reports Unauthorized Access to Information Systems

By Hometown Insurance | August 29, 2024
Dick’s Sporting Goods on Wednesday said it discovered unauthorized access to its information systems. In a filing with the U.S. Securities and Exchange Commission, Dick’s said it made the discovery of the cyberattack on Aug. 21 and immediately “activated its …
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