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Insurance

Former Kansas Newspaper Reporter Settles Lawsuit Over Police Raid for $235K

By Hometown Insurance | July 8, 2024
TOPEKA, Kan. (AP) — A former reporter for a weekly Kansas newspaper has agreed to accept $235,000 to settle part of her federal lawsuit over a police raid on the paper that made a small community the focus of a …
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To Insure or Self-Insure? The Question Homeowners Must Answer

By Hometown Insurance | July 8, 2024
No matter where you live, there’s a good chance the weather’s getting wilder. In just the past few weeks, tornadoes have wreaked havoc on Midwest and Southern states, and large swaths of southern Florida were flooded. Globally, 2023 was the …
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Crypto Hacking Thefts Double to $1.4B in First Half 2024

By Hometown Insurance | July 8, 2024
The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said. Hackers …
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CFO Names Gallagher to Board of Florida Insurance Guaranty Association

By Hometown Insurance | July 8, 2024
Tom Gallagher, an éminence grise or elder statesman of the Florida property insurance world and current chief operating officer for People’s Trust Insurance Co., now has another job to put on his resumé: board member for the Florida Insurance Guaranty …
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Florida Governor Names Insurance Defense Lawyer to Appeals Court

By Hometown Insurance | July 8, 2024
The Florida property-casualty insurance industry, having seen wins and losses at the appellate court level in recent years, will soon have a familiar face on the bench that hears appeals for part of litigation-heavy south Florida. Gov. Ron DeSantis last …
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California Lawmakers Vote to Ask Voters for Permission Borrow $20B for Climate, Schools

By Hometown Insurance | July 8, 2024
Mired in a stream of multi-billion dollar budget deficits, the California Legislature has turned to voters for help. Lawmakers voted to place a pair of $10 billion bonds on the November ballot. If approved, the money would pay for the …
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Delaware Judge Allows Suit Over Fatal Police Shooting of Mentally Ill Woman

By Hometown Insurance | July 8, 2024
A Delaware judge on Tuesday refused to dismiss a lawsuit involving the death of a mentally ill woman who was killed by a state trooper in 2021 after she fired a shotgun at him. Raymond Rooks contends that state police …
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Beryl Regains Strength, On Track to Reach Texas as Hurricane

By Hometown Insurance | July 7, 2024
Tropical Storm Beryl is gaining strength as it lumbers toward the south Texas coast, and is expected to become a hurricane again before it makes landfall early Monday morning. The storm was about 165 miles (266 kilometers) southeast of Corpus …
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$21M to Settle Claims Over Botched Fireworks Detonation in Los Angeles

By Hometown Insurance | July 5, 2024
Los Angeles will pay more than $21 million to settle claims by residents of a neighborhood where police bungled the detonation of a cache of illegal fireworks three years ago, injuring 17 people and displacing dozens of others. The City …
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GM to Pay $145.8M Penalty After US Finds Excess Emissions

By Hometown Insurance | July 5, 2024
General Motors will pay a $145.8 million penalty and forfeit credits worth hundreds of millions of dollars after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said on Wednesday. The Environmental Protection Agency …
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