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Posts by Hometown Insurance

People Moves: VIAA Names Drda Alliance Coordinator; Alliant Names Cohan Employee Benefits Group VP in Kansas City

By Hometown Insurance | February 22, 2024
VIAA Names Drda Alliance Coordinator Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois, hired David Drda as an alliance coordinator. Drda has 12 years of insurance industry experience, previously …
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NC Insurance Agent with Multiple Businesses Pleads Guilty to Tax Evasion

By Hometown Insurance | February 22, 2024
A North Carolina insurance agent has pleaded guilty to tax evasion and could face up to five years in prison and a $250,000 fine, a federal prosecutor said Wednesday. Arturo Barcenas Gonzalez, is owner of Barcenas Insurance Agency and Barcenas …
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Oklahoma Captive Insurance Program Achieves 31% Net Gain in 2023

By Hometown Insurance | February 22, 2024
Oklahoma’s captive insurance program reported a 31% net gain in 2023, the Oklahoma Insurance Department said. OID issued 20 new licenses in 2023 with six dissolutions, resulting in a net gain of 14 new captive insurers. Oklahoma’s total number of …
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City of Chicago Sues Oil and Gas Corporations for Climate Change Deception

By Hometown Insurance | February 22, 2024
The City of Chicago is suing six oil and gas corporations and their largest trade association for deceiving Chicago consumers about the climate change dangers associated with their products, mayor Brandon Johnson announced this week. The city filed a nearly …
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Nonprofits Ensnared in Georgia Push to Restrict Bail Funds

By Hometown Insurance | February 22, 2024
ATLANTA (AP) — When she was behind bars in Georgia, Nia Thomas would use toothpaste to stick handwritten flyers to the wall and spread the word about community bail funds that could pay inmates’ bonds, no strings attached. “I was …
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Biden Approves Disaster Declaration for North Dakota December Ice Storm

By Hometown Insurance | February 22, 2024
BISMARCK, N.D. (AP) — President Joe Biden has approved North Dakota Gov. Doug Burgum’s request for a major disaster declaration related to a Christmastime ice storm that toppled power lines and left thousands of people without power. Burgum’s office announced …
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Terror in Fire Mitigation Industry: New York Gang Member Convicted of Extortion, Racketeering

By Hometown Insurance | February 22, 2024
A gang member who ran a fire restoration company has been convicted of using violence, threats of violence, and extortion to terrorize and dominate the fire restoration industry in New York City. After presiding over a two-week bench trial in …
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Nevada Issues First License Lounge In Las Vegas Where Cannabis Can Be Consumed Recreationally

By Hometown Insurance | February 22, 2024
Nevada regulators have issued the first license to operate a lounge where cannabis can be consumed recreationally, marking the first of what are expected to be dozens of such operations. The state Cannabis Compliance Board announced that the license was …
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Insurtech Root Inc. Results Improve but Remain at a Net Loss

By Hometown Insurance | February 22, 2024
Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and …
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That’s Gonna Leave a Mark: Large-Hail Days Hit Two-Decade High in 2023

By Hometown Insurance | February 22, 2024
Hail of two inches or greater struck the United States on 141 days last year — the highest number of annual days in two decades, according to a new CoreLogic report. Severe convective storms generated “an unprecedented amount of insured …
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