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Posts by Hometown Insurance

NSM Buys Student Insurance Provider Envisage, Based in Florida

By Hometown Insurance | October 2, 2023
NSM Insurance Group, a global specialty insurance provider, has acquired Florida-based Envisage International, which writes health and travel insurance plans for international students and cultural exchange participants. NSM President Bill McKernan said the move was prompted in part by the …
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Howden’s UK Units, A-Plan and Aston Lark, Rebrand

By Hometown Insurance | October 2, 2023
Howden, the London-based global insurance group, unveiled a new brand as it brings together its global broking operations under one name. Rebranding brokers of A-Plan and Aston Lark introduces the Howden name to 215 locations across the UK and Ireland, …
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Polo Managing Agency Assumes Management of Coverys Syndicate 1975

By Hometown Insurance | October 2, 2023
Polo Managing Agency Ltd., an independent Lloyd’s turnkey managing agent, has assumed management of Coverys Syndicate 1975. The specialist medical professional lines syndicate will novate to Polo on Oct. 2, 2023. In late 2021, Coverys Managing Agency Ltd. elected to …
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Saltwater Intrusion Threatens Louisiana’s Citrus Industry, Farmers Seek Solutions

By Hometown Insurance | October 2, 2023
BATON ROUGE, La. (AP) – Commercial citrus growers have dwindled over the past few decades in south Louisiana, where farmers have had to battle hurricanes, flooding, invasive insects, freezes and drought to keep their groves alive. The latest hurdle comes …
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Texas Investment Firm Settles Fraud Lawsuit for $2.51 Million Over Madoff Ponzi Scheme

By Hometown Insurance | October 2, 2023
A Texas investment firm agreed on Friday to pay $2.51 million to settle a U.S. government lawsuit accusing it of fraudulently obtaining payments from a fund meant to compensate victims of Bernard Madoff’s massive Ponzi scheme. The U.S. Department of …
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US Supreme Court to Hear Warner Music Case on Limits to Copyright Damages

By Hometown Insurance | October 2, 2023
The U.S. Supreme Court on Friday agreed to clarify the time period for which plaintiffs can recover damages over copyright claims in a case involving a Miami music producer who sued Warner Music’s Atlantic Records label after hip-hop artist Flo …
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Temporary Fix Keeps National Flood Insurance Operating But Only Until Nov. 17

By Hometown Insurance | October 2, 2023
Real estate interests and insurance companies that administer National Flood Insurance Program policies are heaving a sigh of relief after Congress approved a last-minute deal to temporarily fund the federal government, keeping the NFIP in business – but only until …
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People Moves: Aspen Promotes Bianconi to Global Head of Cyber; WTW’s Corporate Risk & Broking Unit Taps Marsh’s Beldy Torborg for 2 Exec Roles

By Hometown Insurance | October 2, 2023
Aspen Promotes Bianconi to Global Head of Cyber Bermuda-based Aspen Insurance Holdings Ltd. has appointed Bobby Bianconi as global head of Cyber. Bianconi has been with Aspen since 2016 and brings over 1o years of dedicated underwriting experience, most recently …
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Trump Trial on Business Fraud Charges to Begin Today in New York

By Hometown Insurance | October 2, 2023
An appeals court Thursday rejected Donald Trump’s bid to delay a civil trial in a lawsuit brought by New York’s attorney general, allowing the case to proceed days after a judge ruled the former president committed years of fraud and …
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Cigna Announces Settlement With US on Claims it Overcharged Medicare Advantage

By Hometown Insurance | October 2, 2023
Health insurer Cigna Group says it has reached a settlement with the United States over claims it overcharged the government’s Medicare Advantage program by making it appear patients were more ill than they actually were. The settlement, reached on Friday, …
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