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Insurance

New York Jury Convicts Lawyer, Doctor in $31M Trip-and-Fall Insurance Fraud

By Hometown Insurance | December 19, 2022
A New York attorney and surgeon were convicted by a Manhattan jury of six counts of fraud for participation in an illegal scheme that included false insurance claims and unnecessary surgeries for alleged injuries from staged trips and falls, a …
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Texas Manufacturer Fined $298K for Ignoring Workers’ Concerns

By Hometown Insurance | December 19, 2022
A federal workplace safety investigation found that a Kyle vehicle parts manufacturer ignored repeated concerns raised by workers, and willfully exposed them to hazards related to unsafe machine operations, potential falls and a lack of personal protective equipment. An inspection …
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Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts

By Hometown Insurance | December 19, 2022
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or lawsuits, several market participants said. Insurers were already reluctant to underwrite …
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Ohio Court Rejects Caps on Damages in Some Child Rape Cases

By Hometown Insurance | December 19, 2022
COLUMBUS, Ohio (AP) – A woman repeatedly raped as a child is eligible for millions of dollars in additional compensation because a state cap on pain-and-suffering awards is unconstitutional as applied to cases like hers, a divided Ohio Supreme Court …
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Investigators in West Texas Following 5.4 Earthquake

By Hometown Insurance | December 19, 2022
MIDLAND, Texas (AP) – The Texas Railroad Commission, which oversees the state’s oil and gas industry, on Saturday sent investigators to west Texas following a 5.4 magnitude earthquake near Midland. “RRC inspectors will be examining disposal activity at injection well …
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Louisiana Officers Charged in Black Motorist’s Deadly Arrest

By Hometown Insurance | December 19, 2022
FARMERVILLE, La. (AP) – Five Louisiana law enforcement officers were charged Thursday with state crimes ranging from negligent homicide to malfeasance in the deadly 2019 arrest of Ronald Greene, a death authorities initially blamed on a car crash before long …
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Congress Passes New Law on Tourist Boats After Missouri Tragedy

By Hometown Insurance | December 19, 2022
JEFFERSON CITY, Mo. (AP) – A bill requiring stricter safety rules in response to the 2018 deadly sinking of a tourist boat in Missouri is headed to President Joe Biden for his signature. The legislation, which passed the Senate on …
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Citi, Revlon Lenders Reach Deal Over $500M Accidental Payment

By Hometown Insurance | December 19, 2022
Citigroup Inc. reached an agreement with all 10 Revlon Inc. lenders it mistakenly paid about $500 million on a loan, ending litigation of more than two years, a court document showed on Friday. Citigroup, as Revlon’s loan agent, had accidentally …
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Appeals Court Punts on Whether NC Guaranty Fund is Bound by Medicare Payer Act

By Hometown Insurance | December 19, 2022
The question of whether a state guaranty fund, which assumed outstanding claims for an insolvent insurer, is considered a primary payer and owes money to Medicare, will have to wait for another day to be answered – for a second …
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Transgender Worker Sues New Hampshire Employer Alleging Bias in Health Plan

By Hometown Insurance | December 19, 2022
A transgender woman in New Hampshire filed a discrimination complaint Friday against the manufacturing company where she works as a machinist, challenging its exclusion of gender-transition health coverage. The complaint against Barrington-based Turbocam, which makes parts for the HVAC, automotive, …
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