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Insurance

AI Pioneer Says its Threat to World May Be ‘More Urgent’ Than Climate Change

By Hometown Insurance | May 8, 2023
Artificial intelligence could pose a “more urgent” threat to humanity than climate change, AI pioneer Geoffrey Hinton told Reuters in an interview on Friday. Geoffrey Hinton, widely known as one of the “godfathers of AI,” recently announced he had quit …
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SEC Issues Largest Ever Whistleblower Award of $279M

By Hometown Insurance | May 8, 2023
The U.S. Securities and Exchange Commission (SEC) has issued its largest ever award of nearly $279 million to a whistleblower whose information helped the regulator’s enforcement action, it said on Friday. The regulator did not disclose the case concerned in …
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Warren Buffett Predicts Earnings Decline at Berkshire Units

By Hometown Insurance | May 8, 2023
Warren Buffett, whose economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over. The billionaire investor expects earnings at the majority of …
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Oakbridge Adds Mississippi Agency, Agents to the Family

By Hometown Insurance | May 8, 2023
Atlanta-based Oakbridge Insurance Agency, which has continued to expand through the partnership model with smaller agencies around the South, announced it has added new agencies and offices in Mississippi. The expansion into the state includes Swoope Insurance, in Columbus, along …
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FEMA Releases New Flood Insurance Rates by ZIP Code. Brace for Impact.

By Hometown Insurance | May 8, 2023
When the Federal Emergency Management Agency unveiled its new Risk Rating 2.0 methodology for calculating flood insurance, advocates and critics alike warned that it would mean higher premiums for thousands of property owners, especially in low-elevation coastal areas. Now, the …
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Greek Shipping Company to Pay $2.25M for Environmental Law Violations

By Hometown Insurance | May 8, 2023
A Greek shipping company has pleaded guilty and agreed to pay $2.25 million for violations of environmental laws that were carried out by the captain and chief engineer of one of its oil tankers, federal prosecutors said. The Galissas, owned …
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Colorado Man Stunned While Handcuffed Files Lawsuit

By Hometown Insurance | May 8, 2023
A man who says he was repeatedly stunned with a Taser while handcuffed, including once in the face, is suing a Colorado sheriff’s department, alleging excessive force by two deputies and also a failure by leaders to train and discipline …
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Soldier Denied New Trial to Sue Police Over Violent Stop

By Hometown Insurance | May 8, 2023
A U.S. Army soldier won’t get a new trial for his lawsuit against two police officers after he was pepper- sprayed, struck and handcuffed during a traffic stop in rural Virginia, a federal judge has ruled. Video of the incident …
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Southern California Got Snow, Rain, Tornado in Spring Storm

By Hometown Insurance | May 5, 2023
An unseasonably cold storm coated Southern California mountains with snow, dumped heavy rain elsewhere and spawned a small tornado Thursday as spring struggled to shake the grip of an exceptionally wet winter. More than 4 inches of new snow was …
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Railroad Tracks Back in Service After Wisconsin Derailment

By Hometown Insurance | May 5, 2023
LA CROSSE, Wis. (AP) – Railroad tracks damaged after a BNSF Railway freight train derailed in southwestern Wisconsin have been repaired and returned to service, rail and government officials say. BNSF contractors made repairs and reopened the line Saturday, BNSF …
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