Posts by Hometown Insurance
People Moves: Encova Insurance Names Shaver SVP, Small Business, and Lowe VP, Package Lines Underwriting
Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver most recently was a small business leader for Chubb Insurance. She also previously …
Read More BHP Must Stop Funding Legal Action to Halt Mariana Dam Claim, London Court Rules
BHP Group must stop funding legal action seeking to halt some Brazilian municipalities from bringing a multi-billion-pound claim over one of Brazil’s worst environmental disasters, London’s High Court ruled on Tuesday. More than 720,000 Brazilians, including around 50 municipalities, are …
Read More AGs in 14 States Want FHFA to Drop Plan to End Title Insurance Requirements
Attorneys general from 14 states, most of them in the South, are urging the Federal Housing Finance Agency to back off a pilot program that would remove age-old title insurance requirements from some home loans sold to Fannie Mae. “The …
Read More The Connect Group Launches London-Based Specialty Reinsurer
The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023 of Stability Risk, an MGA created to allow Connect Underwriting Ltd. (a specialist reinsurance MGA) to focus on its core …
Read More Jewelers Mutual Acquiring Union Life & Casualty Insurance Agency in Arizona
Jewelers Mutual Group acquired Union Life & Casualty Insurance Agency in Phoenix, Arizona. JM Insurance Agency Partners Inc., a Jewelers Mutual Group company, will join with UL&C. UL&C has been in the insurance business since 1965, specializing in pawn and …
Read More Wife of Ex-Texas Trucking Magnate Sentenced in $9M Work Comp Fraud Scheme
The wife of a former San Antonio trucking magnate was sentenced this month in a multi-million-dollar fraud scheme. Frances Hall, former co-owner of Bill Hall Jr. Trucking, was sentenced for her role in a scheme to avoid $9 million in …
Read More 2 Boys Die, 6 Others Hurt, When SUV Overturns Into a Pond in North Dakota
JAMESTOWN, N.D. (AP) — Two boys died when the SUV they were in crashed and ended up in a small pond along the side of a highway in North Dakota. The driver and five other children were injured in the …
Read More NFP Acquires Louisiana’s Southern Insurance Agency
NFP, an Aon company and property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, announced the acquisition of Southern Insurance Agency LLC (SIA), a commercial property and casualty broker located in New Orleans. Louis Faust, founder and …
Read More Global Q2 Commercial Insurance Rates Remain Flat, Ending 7 Years of Price Hikes: Marsh
Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index. The findings mark the first time in nearly seven years – since the …
Read More Hurricanes Get the Headlines But Inland Flooding Tops the Disaster List
Floyd County keeps flooding and the federal government keeps coming to the rescue. In July 2022, at least 40 people died and 300 homes were damaged when the eastern Kentucky county flooded. It was the 13th time in 12 years …
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