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Insurance

1 in 5 Texans Live in Flood Prone Areas, New Data Reveals

By Hometown Insurance | August 1, 2023
Almost 6 million Texans, or about 20% of the population, live in an area susceptible to flooding, according to first-of-its-kind data gathered as part of a statewide effort to harden Texas against floods and rising sea levels. The analysis is …
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Recreational Marijuana Now Legal in Minnesota

By Hometown Insurance | August 1, 2023
MINNEAPOLIS (AP) – Minnesotans can legally possess and grow their own marijuana for recreational purposes starting Tuesday, Aug. 1, subject to limits meant to keep a lid on things while the state sets up a full-blown legal cannabis industry. The …
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PCF Insurance Services Secures $400M Financing as Part of New Loan

By Hometown Insurance | August 1, 2023
PCF Insurance Services said today that it closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and admin agent. The financing was upsized from $300 million to $400 …
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Inmate Sues Private Kansas Prison Operators Over His 2021 Stabbing

By Hometown Insurance | August 1, 2023
LEAVENWORTH, Kan. (AP) – An inmate is suing one of the nation`s largest private prison operators over his 2021 stabbing inside a now-defunct maximum security federal facility in Kansas. Joshua Braddy, who is now incarcerated in Illinois, amended his suit …
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NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue

By Hometown Insurance | August 1, 2023
U.S. auto safety regulators said Tuesday they have opened an investigation into 280,000 new Tesla Model 3 and Model Y vehicles over reports of loss of steering control and power steering. The National Highway Traffic Safety Administration (NHTSA) opened a …
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Michigan Supreme Court: No-Fault Changes Are Not Retroactive

By Hometown Insurance | August 1, 2023
Amendments to Michigan’s no-fault law passed by the state legislature in 2019 do not allow auto insurers to cut fees or limit hours of attendant care provided to auto accident victims who were injured before the changes took effect, the …
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Musk’s X Sues Nonprofit That Fights Hate-Speech

By Hometown Insurance | August 1, 2023
Social media platform X, formerly known as Twitter, on Monday sued a nonprofit that fights hate speech and disinformation, accusing it of asserting false claims and encouraging advertisers to pause investment on the platform. U.S. media reported earlier that Elon …
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Crews Battling ‘Fire Whirls’ in California’s Mojave Desert

By Hometown Insurance | August 1, 2023
Crews battled “fire whirls” in California’s Mojave National Preserve as a massive wildfire crossed into Nevada amid dangerously high temperatures and raging winds. The York Fire was mapped at roughly 120 square miles on Monday night, with no containment. The …
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New Hampshire Governor Signs Pet Insurance Standards Into Law

By Hometown Insurance | August 1, 2023
New Hampshire Governor Chris Sununu has signed into law legislation establishing pet insurance regulations. “Pets become family,” said Governor Chris Sununu. “This law will provide Granite Staters with peace of mind and opportunity to ensure their pets can receive the …
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Former Mississippi Governor Sues News Site Over Welfare Fraud Comments

By Hometown Insurance | August 1, 2023
Former Mississippi Gov. Phil Bryant is suing a local news organization, claiming it defamed him in public comments on the misspending of $77 million of federal welfare funds intended to help some of the poorest people in the U.S. The …
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Recent Posts

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  • Sanlam’s $1.2 Billion Bid for Santam Would Give More Freedom to Deploy Capital
  • Markets/Coverages: Aviva to Enter US Specialty Market in Q4

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