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Insurance

China’s Regulator Meets With Foreign Investors to Alleviate Concerns: Sources

By Hometown Insurance | August 25, 2023
China’s securities regulator met with representatives from top Western asset managers on Friday to reassure them about the country’s economic prospects, as its post-COVID recovery falters, two people with knowledge of the matter told Reuters. The China Securities and Regulatory …
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Pennsylvania Court Says State Police Must Show How They Monitor Social Media

By Hometown Insurance | August 25, 2023
Pennsylvania`s Supreme Court ruled Tuesday that the state police can`t hide from the public its policy on how it monitors social media. Advocates for civil liberties cheered the decision. The law enforcement agency had argued that fully disclosing its policy …
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People Moves: Hunter Leads New Axis Inland Marine Unit; Patel Joins Socotra as Chief Product and Technology Officer

By Hometown Insurance | August 25, 2023
Axis Launches North American Inland Marine Unit Led by Hunter Kristen Hunter joined AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, as head of newly launched inland marine, North America. Previously, Hunter worked at Berkshire Hathaway, where she was vice …
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‘Singin’ in the Rain’ Show Went On Despite Flooding of Theater

By Hometown Insurance | August 25, 2023
Members of a beloved Vermont acting company were sleeping in theater housing when torrential rains and flooding forced them to flee, with water inundating the playhouse’s vast basement of dressing rooms, costumes and props and reaching into the first floor. …
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Insurers to Pay $50M in Settlement Over Abuse at West Virginia Boarding School

By Hometown Insurance | August 25, 2023
CHARLESTON, W.Va. (AP) — A second lawsuit that alleged widespread sexual, physical and mental abuse at a now-closed West Virginia boarding school for troubled youths has been settled for about $50 million, to be paid by insurance carriers. Attorneys for …
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Business Lobby Struggles to Thwart SEC Cybersecurity Disclosure Rules

By Hometown Insurance | August 25, 2023
Business lobbyists are struggling to soften new US Securities and Exchange Commission rules that require publicly traded companies to quickly disclose cybersecurity breaches. The Justice Department is planning to issue guidance by December on how firms can get exemptions fromthe …
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Tesla Investors to Get About $12,000 Apiece in Musk’s SEC Deal

By Hometown Insurance | August 25, 2023
A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the carmaker private at $420 a share …
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Why Is Japan Releasing Treated Radioactive Water and Is it Safe?

By Hometown Insurance | August 25, 2023
Japan began pumping more than a million metric tons of treated radioactive water from the destroyed Fukushima Daiichi nuclear power plant on Thursday, a process that will take decades to complete. The water was distilled after being contaminated from contact …
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Two British Teens and Their Audacious Hack of Nvidia, Grand Theft Auto and Uber

By Hometown Insurance | August 25, 2023
At 9 p.m. on Sept. 22 last year, a group of City of London police officers waited outside room M15 at the Travelodge Bicester, a one-star budget hotel in Oxfordshire, England, for the right moment to bust in. On the …
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Another Metals Trading House Says It Has Been Hit by a Nickel Fraud

By Hometown Insurance | August 25, 2023
Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of near-worthless rubble. The latest example, detailed in lawsuits in London and Singapore, is separate from the $600 million alleged fraud …
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