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Insurance

Missouri Jury Awards $745M in Lawsuit Over Fatal Accident Involving Use of Nitrous Oxide

By Hometown Insurance | September 14, 2023
CLAYTON, Mo. (AP) – A Missouri jury has awarded $745 million to the parents of a young woman killed on a sidewalk outside an urgent care center by a driver who huffed nitrous oxide canisters right before the accident. The …
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Airlines Face Growing Number of Lawsuits Over Their Climate Claims

By Hometown Insurance | September 14, 2023
When Dutch airline KLM launched adverts urging customers to “fly responsibly” and think about the environmental impact before booking a flight, it said it was showing its commitment to a sustainable future. But the 2019 campaign sparked criticism and last …
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Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending

By Hometown Insurance | September 14, 2023
The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their capital rules were eased, Bank of England Deputy Governor Sam Woods said on Wednesday. Britain is rolling back capital rules …
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Walmart Sued by EEOC Over Test That Screened Out Disabled Workers

By Hometown Insurance | September 14, 2023
The U.S. agency that enforces workplace discrimination laws said on Wednesday that it had sued Walmart Inc over allegations it fired hourly workers with disabilities who could not pass a computer-based test. The Equal Employment Opportunity Commission (EEOC) said that …
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APCIA: Commonsense Reforms Needed for ‘Dark Money’ Third-Party Litigation Lending

By Hometown Insurance | September 14, 2023
In support of recent efforts at the state and federal levels of government to curtail third-party litigation funding, the American Property Casualty Insurance Association has asked the House Committee on Oversight and Accountability to consider disclosures. “As insurance protecting civil …
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New Florida Immigration Law Could Worsen Property Insurance Costs

By Hometown Insurance | September 14, 2023
If Florida insureds and insurers haven’t been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida’s tough new immigration law that took effect July 1, requiring more …
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People Moves: IOA Names New Western Division Team Members

By Hometown Insurance | September 14, 2023
Insurance Office of America (IOA) named three new members to its western division team based in Encino, Calif. Ricky Choi is a senior advisor and leader of IOA’s newly launched Korean practice. Choi has more than two decades of expertise …
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Art Dealer to Rich and Famous Faces Millions in Fraud Claims

By Hometown Insurance | September 14, 2023
A high-profile New York art adviser with outposts in Tribeca and London is accused of withholding millions of dollars worth of artwork and cash from her clients, leaving collectors and galleries to line up in a court case to recover …
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Judge Dismisses Former Wilmington Police Officer’s Racial Discrimination Suit

By Hometown Insurance | September 14, 2023
A federal judge has dismissed a lawsuit filed by a former Wilmington police official who accused the police department of engaging in racial discrimination and improperly collecting and using data from seized cellphones, including her own. Judge Mark Kearney ruled …
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No Danger of Assessment: Florida Citizens Seeing Just 2,000 Claims from Idalia

By Hometown Insurance | September 13, 2023
Florida’s Citizens Property Insurance Corp. has so far seen just about 2,000 claims from Hurricane Idalia, well below the threshold that would exhaust the carrier’s personal lines surplus and trigger a surcharge on policyholders, officials said this week. “There’s no …
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