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Insurance

PwC Lost Five China Clients After Evergrande-Linked Probe

By Hometown Insurance | May 29, 2024
PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its stopped auditing in the country in the last two years. China Taiping Insurance Holdings Co. said on May 27 it …
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Top Insurer to Leave Colombia’s Public Health System Amid Petro Squeeze

By Hometown Insurance | May 29, 2024
One of Colombia’s biggest health insurers will gradually cease operations in the country’s public system to avoid further deterioration in its finances. Grupo de Inversiones Suramericana SA’s public insurance unit, which is known as EPS Sura and serves more than …
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Growing Shadow Fleet of Tankers, Shipping Sanctioned Oil, Are Burning Dirty Fuel

By Hometown Insurance | May 29, 2024
The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut shipping emissions, according to shipping data and sources. The global …
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Bayer Fights for Survival as Roundup Lawsuits Burn Cash

By Hometown Insurance | May 29, 2024
Bayer AG Chief Executive Officer Bill Anderson said the wave of lawsuits over its Roundup weedkiller is an “existential” threat to the company and farmers, ratcheting up the stakes as it considers a controversial legal maneuver. “The glyphosate litigation topic …
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Tesla Settles Fatal Crash Suit as Another Jury Trial Loomed

By Hometown Insurance | May 29, 2024
Tesla Inc. has reached a deal to resolve a lawsuit over the death of a Model S passenger in a fiery 2016 crash, marking the second time in two months the electric-vehicle maker has avoided a jury trial in California …
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Four More Charged in Staged Auto Accident Scheme in Miami

By Hometown Insurance | May 29, 2024
Florida authorities have nailed another alleged accident-staging group, one that collected more than $50,000 in personal injury protection benefits from auto insurance companies. Bryan Carlos Hernandez, Rusland Rivero Tellez, Juan Fonseca Lauzao and Elvis Fonseca Lauzao staged a crash in …
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People Moves: The Liberty Company Names Pope VP, Executive Lines in California

By Hometown Insurance | May 29, 2024
The Liberty Company Insurance Brokers named Katie Pope vice president, executive lines. Pope is based in Los Angeles. Pope began her insurance career at Lockton, where she was most recently an account executive. She was previously a consulting marketing director …
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Idaho Drag Performer Awarded $1.1M in Defamation Case

By Hometown Insurance | May 29, 2024
A jury has awarded more than $1.1 million to an Idaho drag performer who accused a far-right blogger of defaming him when she falsely claimed that he exposed himself to a crowd, including children, during a Pride event in June …
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First Amendment Does Not Protect Social Media Retaliation Against Employees

By Hometown Insurance | May 29, 2024
A federal court in Vermont recently ruled that the First Amendment does not protect a construction firm and its officials using social media to retaliate against employees who exercise their rights under federal labor law. The decision by the U.S. …
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Texas Panhandle Prepares for State’s Next Big Wildfire

By Hometown Insurance | May 28, 2024
LUBBOCK — Spring rains have revived much of the green grass covering stretches of plains in the Texas Panhandle — the same land that, just three months ago, was black from fire and ash after wildfires burned more than 1 …
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Recent Posts

  • AM Best Revises Outlook to Positive for Oklahoma’s Triangle Insurance Company
  • Equal Parts Acquires Texas’ ProSource
  • Another Tanker Suffers Failure as Crew Suspect Cyber Attack
  • Illinois Construction Company Cited for Failing to Protect Workers
  • People Moves: Brown & Riding Names David and Matt Grollman to Construction Practice

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