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Insurance

$2M Settlement Reached in Death of Young Woman at North Dakota Jail

By Hometown Insurance | April 7, 2025
A $2 million agreement has been reached in a lawsuit over the death of a young woman while she was in custody at a North Dakota county jail in 2020. Lacey Higdem, 19, died of a drug overdose on June …
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Texas Judge Awards $6.6M to Former Aides Fired by AG Paxton

By Hometown Insurance | April 7, 2025
A Travis County district court judge on Friday awarded $6.6 million to four former senior aides to Attorney General Ken Paxton who said they were improperly fired after reporting Paxton to the FBI. Judge Catherine Mauzy stated in her judgment …
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Bayer Renews Bid for US Supreme Court to Curb Roundup Cases

By Hometown Insurance | April 7, 2025
Bayer said on Friday it was again petitioning the U.S. Supreme Court to sharply limit legal claims that its Roundup weedkiller causes cancer, seeking to avoid potentially billions of dollars in damages. Bayer said in its petition that consumers should …
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Hedge Funds Hunt Deals in Risk Scenarios Too Costly for Insurers

By Hometown Insurance | April 7, 2025
As Los Angeles residents digested the apocalyptic scene left by wildfires earlier this year, the stage was simultaneously being set for hedge funds to pursue market-beating returns fanned by climate change. The investment model in question is built around so-called …
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World Insurance Associates Acquires Royalty Insurance Services in California

By Hometown Insurance | April 7, 2025
World Insurance Associates LLC has acquired Royalty Insurance Services in Van Nuys, California. Royalty has been providing commercial trucking insurance for over 23 years. World Insurance Associates is a national financial services organization headquartered in Iselin, New Jersey operating from …
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Newsom Says California to Seek Tariff Exemptions From Allies

By Hometown Insurance | April 4, 2025
Gov. Gavin Newsom said he’s seeking exemptions for California-made products from retaliatory tariffs and wants to open talks with global allies over new trade relationships, casting the state as a buffer against the fallout of Donald Trump’s sweeping tariff plan. …
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Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers

By Hometown Insurance | April 4, 2025
The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions seen in January, according to reports published by Aon and Gallagher Re. “The …
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People Moves: Conyers Joins Brown & Riding’s Environmental Practice Leadership

By Hometown Insurance | April 4, 2025
Brown & Riding, headquartered in Dallas, hired Robert Conyers Jr., to lead B&R’s environmental practice with Jeff Hubbard. With over eight years of industry experience, Conyers joined Brown & Riding in 2017 and was named a principal in 2023. In …
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Oracle Tells Clients of Second Recent Hack, Log-In Data Stolen

By Hometown Insurance | April 4, 2025
Oracle Corp. has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two people familiar with the matter. It’s the second cybersecurity breach that the software company has acknowledged to clients …
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Pennsylvania Woman Charged With Filing Claim on Barn Pulled Down by TV Show

By Hometown Insurance | April 4, 2025
A Pennsylvania woman who sold part of her barn for use in a barn-rebuilding TV reality show now faces charges after investigators said she filed a fraudulent wind claim on the structure. Tracey Jeffreys, 63, of the Milton area, had …
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