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Posts by Hometown Insurance

TWIA Board Votes to Maintain Agent Commissions at 16% After Hearing Testimony on Impact

By Hometown Insurance | December 14, 2023
The Texas Windstorm Insurance Association held its final quarterly meeting on Dec. 12 in Corpus Christi, where the board of directors voted to approve the association’s budget for 2024. The board also voted to keep agent commissions unchanged after listening …
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Armed Guards on Tanker Exchange Fire With Boat Near Yemen

By Hometown Insurance | December 14, 2023
Armed guards on a fuel tanker exchanged gunfire with a small boat in the Red Sea, another sign of escalating risks in one of the world’s most crucial waterways. The frequency of attacks in the maritime corridor handling about 12% …
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Harassment of Women in Financial Services Eclipses Other Industries: Aviva CEO Blanc

By Hometown Insurance | December 14, 2023
Amanda Blanc, the CEO of insurer Aviva, told British lawmakers on Wednesday that physical and verbal harassment of women in financial services eclipsed other industries and that she had heard “absolutely appalling” stories. Blanc, giving evidence to the Treasury Committee …
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Trends in Auto Thefts Add to Rising Claim Costs

By Hometown Insurance | December 14, 2023
Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2% in the first half of 2023 after rising …
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GM’s Cruise Robotaxi Unit Dismisses Nine Execs After Safety Probe

By Hometown Insurance | December 13, 2023
General Motors’ Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, according to a memo seen by Reuters on Wednesday, which the company confirmed included Chief Operating Officer Gil West. The investigation relates to an October incident …
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Crews Work to Contain Gas Pipeline Spill in Washington

By Hometown Insurance | December 13, 2023
Responders set up a containment boom after a gasoline spill from the weekend failure of part of a pipeline in northwest Washington, but federal regulators reported no signs of any fuel reaching the Skagit River. About 25,660 gallons of gasoline …
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People Moves: Marsh Announces Group of Promotions in UK, Global Placement Team; Klingspor Succeeds Papanikolaou as CEO, Allianz Central Europe

By Hometown Insurance | December 13, 2023
This edition of International People Moves details appointments at Marsh and Allianz Central Europe. A summary of these new hires follows here. Marsh Announces Group of Promotions in UK, Global Placement Team Marsh, the insurance brokerage business of Marsh McLennan, …
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North Carolina Insurance Agent Can’t Appeal Sentence in $700,000 Fraud

By Hometown Insurance | December 13, 2023
A former North Carolina insurance agent who pleaded guilty to defrauding trucking company clients and a premium finance company of hundreds of thousands of dollars cannot challenge her sentence and restitution order, a federal appeals court decided. Glenda Taylor-Sanders, of …
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Texas Sues VA Claims Insider for Deceptive Trade Practices Targeting Veterans

By Hometown Insurance | December 13, 2023
Texas Attorney General Ken Paxton has sued VA Claims Insider, LLC, (VACI) for engaging in deceptive trade practices to defraud veterans seeking disability benefits from the U.S. Department of Veterans Affairs. VA Claims Insider is a for-profit business selling memberships …
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Texas Mutual President Jeanette Ward Honored with 30-Year Milestone and Yellow Rose of Texas Award

By Hometown Insurance | December 13, 2023
Texas Mutual President and CEO Jeanette Ward recently celebrated two significant achievements with the Texas Mutual board and members of its executive council. On November 17, Ward reached 30 years with Texas Mutual and the governor’s office recognized this achievement …
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