Posts by Hometown Insurance

Valley Insurance Agency Alliance Promotes Kaatman to Director of Growth Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, Mo., promoted Bill Kaatman to director of growth. Kaatman brings 17 years of experience in the insurance industry, previously serving as …

An Iowa man was sentence last week to 21 months in prison after pleading guilty to crimes of insurance fraud. Timothy Daryle Sletten, age 32, of Marshalltown, was sentenced on January 11, 2024. The charges against Sletten stem from an …

Inszone Insurance Services has announced the acquisition of Dina King Insurance. This acquisition is a major move for Inszone Insurance as they expand in Texas. Dina King Insurance, founded by Dina King in 1985, has been a part of the …

According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate increase of 17.6%—and its private-auto insurance peers in the U.S. did the same. All 10 of the …

Global insurance broker Arthur J. Gallagher & Co. announced it has acquired Concord, New Hampshire-based The Rowley Agency. The Rowley Agency is a retail insurance broker providing property/casualty, surety and employee benefits products to commercial and personal lines clients primarily …

Georgia was, by far, the state with the most frozen pipe and water damage claims, State Farm Insurance reported as much of the country faces the first deep freeze for winter 2024. The insurer said in an article on its …

Commissioner Andrew Mais of the Connecticut Insurance Department announced a 37% increase in the state’s captive insurance sector in 2023. According to Mais, this growth includes the addition of 10 new captive insurers and 13 new cell risk-bearing entities. With …

The U.S. Department of Labor repoorts that it has obtained a consent judgment in federal court that requires a Philadelphia home healthcare agency and its owner to pay approximately $1.6 million in back wages and liquidated damages to 288 workers …

Fermat Capital Management just had the best year in its more than two-decade history, after outsize bets on catastrophe bonds delivered record results. The hedge fund’s returns were “in line” with the 20% gain in the Swiss Re Global Cat …

The US Supreme Court questioned a longstanding legal doctrine that gives federal agencies wide berth to interpret unclear laws as the justices heard two appeals that would constrain environmental, consumer-protection and financial regulators. The court is considering overturning a watershed …