Posts by Hometown Insurance
GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts
Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant conglomerate have past, readers focused on property/casualty insurance saw numbers that jumped off the pages. Among them were: A 2023 …
Read More Agents, Brokers Achieve Record Annual Growth in 2023
The independent insurance agent and broker channel posted an organic growth rate of 10.3% in 2023 — the highest annual level achieved since Reagan Consulting launched its quarterly growth and profitability study in 2008. According to a Reagan, at 22.8, …
Read More Universities Settle Financial-Aid Antitrust Lawsuit for $166M
Dartmouth, Northwestern, Rice and Vanderbilt universities have agreed to pay a combined $166 million to resolve claims that they favored wealthy student applicants, pushing total settlements in a federal antitrust lawsuit over college financial aid practices to $284 million. Lawyers …
Read More Higginbotham Adds 103-year-old FPH&A to the Lineup
Higginbotham, one of the largest independent insurance brokerages, has acquired Alabama-based Fountain, Parker, Harbarger & Associates, a 103-year-old agency. FPH&A was founded in 1921 and has been with some carriers for almost as long, the companies said in a news …
Read More Georgia House Approves Bill to Let Drivers Refuse to Sign Traffic Tickets
ATLANTA (AP) — Georgia lawmakers are seeking to change state law to say that officers don’t have to arrest people who refuse to sign traffic tickets after a church deacon died in August after initially refusing to sign a citation …
Read More Sand Hole Collapse at Florida Beach Kills Child, Can Happen Around US
FORT LAUDERDALE, Fla. (AP) — The collapse of a sand hole that killed a 7-year-old Indiana girl who was digging with her brother on a Florida beach is an underrecognized danger that kills and injures several children a year around …
Read More People Moves: Bridge Specialty Adds Five to Dallas Office
A group of five experienced individuals have joined the new Bridge Specialty Insurance Brokerage – Dallas office. Janie Williams, broker, brings more than 30 years’ experience to Bridge Specialty Insurance Brokerage (BSIB) Dallas. Janie’s career spans both the retail and …
Read More Wisconsin Governor Signals He Won’t Sign Bill to Fight PFAS
MADISON, Wis. (AP) — Democratic Gov. Tony Evers signaled Wednesday that he has no intention of signing a Republican bill that would spend tens of millions of dollars to address pollution from the so-called forever chemicals known as PFAS because …
Read More Florida Litigation Funding Bill Founders; Plan to Bar Policy Cancellations Gets Changes
Florida bills that target litigation financing, which seemed to be on their way to quick approval a week ago, have all but foundered in the state Capitol. House Bill 1179, by Rep. Toby Overdorf, and its companion, Senate Bill 1276, …
Read More Aeronautical Manufacturer Fined $284K for Safety Violations at Oklahoma Plant
The U.S. Department of Labor’s Occupational Safety and Health Administration has cited an aeronautical parts manufacturer for exposing workers to nearly two dozen safety hazards following a complaint about a lax safety environment at the company’s plant in Catoosa, Oklahoma. …
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