Posts by Hometown Insurance
Viewpoint: Why Insurers Should Have Confidence in Machine Learning Capability
Executive Summary: While insurance leaders plan to use machine learning capability in their pricing and underwriting processes, only a small proportion actually have embraced the technology. They need to take the next step because these are essential tools that will …
Read More PointeNorth Acquires McCrary-Daniels in Georgia, its Fifth Expansion This Year
PointeNorth Insurance Group, one of the largest independent insurance agencies in the Southeast, has acquired McCrary-Daniels Insurance, based in Douglas, Georgia. It’s the fifth acquisition this year and the second in southern Georgia, PointeNorth officials said in a news release. …
Read More Multibillion-Euro Court Battle Over Stranded Russian Jets Begins in Dublin
Some of the world’s largest aircraft lessors faced off against their insurers in a Dublin courtroom on Tuesday at the start of a months-long battle over around 2.5 billion euros ($2.7 billion) of insurance claims related to jets stranded in …
Read More Missouri Appeals Court Sides With Transgender Student in Discrimination Case
BLUE SPRINGS, Mo. (AP) — A $4.2 million verdict that jurors ordered a Missouri school district to pay a transgender student is under consideration again. The Western District Missouri Court of Appeals found last Tuesday that a judge erred in …
Read More Canadian Broker Axis Insurance Gets Investment From PE Firm, Lee Equity Partners
Axis Insurance Managers Inc., the Vancouver-based independent specialty insurance brokerage, announced it has received a significant growth investment from Lee Equity Partners LLC, a middle market private equity firm that specializes in the financial services and healthcare industries. The partnership …
Read More Kia Recalls Nearly 463,000 Telluride SUVs Due to Fire Risk
Kia America is recalling nearly 463,000 Telluride SUVs — and urging owners to park their cars outside and away from other structures until an issue posing a fire hazard is fixed. The front power seat motor on the affected Tellurides …
Read More DOXA Acquires Illinois MGA CPH Insurance
DOXA Insurance announced the acquisition of CPH Insurance, a Chicago-based MGA providing professional liability products for mental health, allied health and healthcare professionals. Founded in 2000 by founder and President Phil Hodson to specifically serve the mental health sector, CPH …
Read More Pipeline Brawl in Louisiana Rattles Industry Desperate to Build
A legal battle in Louisiana is hobbling construction of three pipeline projects worth more than $2 billion. Yet the litigation isn’t from environmentalists: It’s spearheaded by one of the biggest natural gas pipeline operators in the US. Energy Transfer LP …
Read More US House committee report finds Wall Street ‘colluded’ to curb emissions
A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is …
Read More Fortegra Granted License to Operate in Belgium and European Union
The Fortegra Group Inc., the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received approval to operate in Belgium and the European Union. Fortegra Belgium Insurance Co. NV will be based in Brussels and will underwrite …
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