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Insurance

Extreme Weather Risks May Make Parts of the World ‘Uninsurable’

By Hometown Insurance | July 31, 2023
Soaring global temperatures may make large parts of the world “uninsurable,” according to Spain’s largest insurance firm. Climate change “has the potential of changing the insurance business profoundly and making part of the world uninsurable,” Gonzalo Gortazar, CaixaBank SA’s chief …
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Ford Recalls 870,000 F-150 Trucks Over Unexpected Parking Brake Activation

By Hometown Insurance | July 31, 2023
Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue. The recall covers 2021 through 2023 model …
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J&J Effort to Resolve Talc Lawsuits in Bankruptcy Fails a Second Time

By Hometown Insurance | July 31, 2023
A U.S. judge on Friday shot down Johnson & Johnson’s second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement that would stop new lawsuits from being filed. U.S. …
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SC Judge OKs $15M Insurance Payout for Store that Sold Beer to Underage Murdaugh

By Hometown Insurance | July 31, 2023
A South Carolina judge A judge has signed off on a $15.5 million settlement for the family of Mallory Beach, the 19-year-old girl who died in a 2019 boat crash that is believed to have set in motion the downfall …
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Ways to Mitigate Mobile Home Wind Damage Often Ignored, Even as Deaths Rise

By Hometown Insurance | July 31, 2023
Rolling Fork, Mississippi (AP) — Many were not just killed at home. They were killed by their homes. Angela Eason had visited Brenda Odoms’ tidy mobile home before. It was a place where Odoms, who had many tragedies in her …
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Pelicans’ Zion Williamson and Family Sued for $1.8M by Tech Company

By Hometown Insurance | July 28, 2023
NEW ORLEANS (AP) – New Orleans Pelicans star Zion Williamson, his stepfather and his mother allegedly have failed to pay back $1.8 million of a $2 million loan from a California-based technology company. In a civil lawsuit filed this week …
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Three Butler University Soccer Players File Federal Lawsuit Alleging Abuse by Ex-Trainer

By Hometown Insurance | July 28, 2023
INDIANAPOLIS (AP) – Three Butler University women’s soccer players filed a federal lawsuit Wednesday alleging the team’s former athletic trainer sexually assaulted and groomed multiple players on the team. Michael Howell allegedly committed the assaults and other sexual misconduct over …
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Nassar Survivors Sue Michigan State, Alleging Made Secret Decisions About Releasing Documents

By Hometown Insurance | July 28, 2023
EAST LANSING, Mich. (AP) – Women who were sexually assaulted by former Michigan State University sports doctor Larry Nassar filed a lawsuit Thursday saying school officials made “secret decisions” about releasing documents in the case. The group of survivors and …
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US Lawmakers Turn to Louisiana for Experience on Climate Change Impacts to Infrastructure

By Hometown Insurance | July 28, 2023
BATON ROUGE, La. (AP) – This summer – as blistering heat waves scorched the Southwest, wildfire smoke from Canada choked much of North America, a drought in the central U.S. devastated soybean and corn crops, and storms flooded parts of …
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Norfolk Southern Says Cost of Ohio Derailment Doubles to $803M

By Hometown Insurance | July 28, 2023
OMAHA, Neb. (AP) – The costs associated with Norfolk Southern`s fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits. Norfolk …
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Recent Posts

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  • Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida
  • Insurance Executive Killed His Wife, Daughter, Then Himself, NJ Township Police Say

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