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Insurance

Death Row Minister Files $10M Defamation Suit Against Oklahoma Corrections Agency

By Hometown Insurance | March 28, 2023
OKLAHOMA CITY (AP) – A death row minister who was inside the execution chamber during Oklahoma’s last lethal injection sued the Department of Corrections for $10 million on Friday, alleging the agency and its spokesman defamed him in a statement …
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Fire Damages Ohio Complex Housing Wright Brothers Plane Factory

By Hometown Insurance | March 28, 2023
DAYTON, Ohio (AP) – An early morning fire damaged a commercial building complex housing a historic factory founded by the Wright Brothers in Ohio on Sunday, authorities said. Dayton fire crews were sent to the site just before 2:30 a.m. …
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Train Derails in Rural North Dakota, Spills Chemical

By Hometown Insurance | March 28, 2023
WYNDMERE, N.D. (AP) – A Canadian Pacific train derailed in rural North Dakota Sunday night and spilled hazardous materials, but local authorities and the railroad said there is no threat to public safety. There were no injuries and no fire …
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St. Louis Sues Hyundai, Kia Over Car Thefts

By Hometown Insurance | March 28, 2023
The city of St. Louis, Missouri, said on Monday it was joining a number of major U.S. cities that are suing Korean automakers Hyundai Motor 005380.KS and Kia Corp 000270.KS for failing to install anti-theft technology in millions of their …
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Georgia Lawmakers Approve Lower Uninsured Motorist Coverage for Ride Sharing

By Hometown Insurance | March 28, 2023
The Georgia General Assembly on Monday approved a bill that would require lower minimum amounts of uninsured motorist coverage for ride-sharing and taxi companies. But a measure that would mandate premium discounts for property owners who fortify their homes against …
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Boy Scouts of America Bankruptcy Plan Upheld Despite Insurers’ Objections

By Hometown Insurance | March 28, 2023
A federal judge on March 28 denied an appeal, largely made by insurers, to strike down the Boy Scouts of America’s nearly $2.5 billion reorganization plan approved last year to allow the organization to settle tens of thousands of sexual …
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Private Equity Investor AnaCap Sells Minority Stake in German Broker MRH Trowe

By Hometown Insurance | March 28, 2023
AnaCap Financial Partners, a London-based private equity investor, announced the sale of a minority stake in portfolio company MRH Trowe, a German owner-managed commercial lines insurance broker. AnaCap and MRHT’s founding managers have signed an agreement to sell a minority …
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North Carolina’s First Citizens Bank to Acquire Most of Collapsed Silicon Valley Bank

By Hometown Insurance | March 28, 2023
North Carolina-based First Citizens Bank, which also offers property and other types of insurance, will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a chain reaction that caused a second bank to …
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Geico Faces Class Action for Allegedly Underpaying Auto Claims

By Hometown Insurance | March 28, 2023
Geico General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds injured in automobile accidents. U.S. District Court Judge Dora L. Irizarry in federal court in Eastern New York has certified …
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TikTok Represents ‘Strategic’ Challenge, Says Top Cyber Official

By Hometown Insurance | March 28, 2023
The head of the U.S. National Security Agency’s cybersecurity directorate on Monday said TikTok represents a “strategic issue” rather than an immediate “tactical” threat to the United States. Speaking at a policy conference in Northern California, Rob Joyce, director of …
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Recent Posts

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