Posts by Hometown Insurance
SEC to Dismiss 42 Enforcement Cases After Internal Data Mishap
The U.S. Securities and Exchange Commission announced Friday it had dismissed 42 pending enforcement cases after discovering enforcement staff had improper access to materials meant for commission officials ruling on those cases. The decision comes after the SEC concluded a …
Read More South Carolina DOI Issues Data Call on Why Liquor, Auto, Cyber Liability Costs Are Soaring
Two Southeastern insurance regulators have posted new information about liability insurance data and catastrophe claims reporting. The Florida Office of Insurance Regulation last week posted the 2023 catastrophe reporting form, which insurers will need to use to report claims and …
Read More Former Aflac Employee Charged as Ringleader of Georgia Fraud Scheme
A former Aflac Insurance employee, described as the leader of a fraud ring in Georgia, has been charged in connection with submitting dozens of false claims to the supplemental insurance provider. Amber Miles, 32, filed 52 claims and submitted three …
Read More Flood Risk Solutions Launches LaTour Risk, Focused on Commercial Clients
A veteran of the flood insurance business in Florida has launched a new division of Flood Risk Solutions, tailored to commercial clients. Chad LaTour, who has worked with National General Holdings, an Allstate company, and with Wright Flood, said in …
Read More Lightning Strike Cited in Fire That Destroys 160-Year-Old Massachusetts Church
A fire that burned down a 160-year-old Massachusetts church was likely started by a lightning strike, a fire chief said. The First Congregational Church in Spencer caught fire Friday afternoon, when a storm was moving through the area. Video showed …
Read More New Jersey Fire Crews Battle 2 Major Fires
Fire crews in New Jersey on Saturday had almost completely contained one major fire and were reporting good progress in battling another blaze that for a time threatened several dozen homes. New Jersey Forest Fire Service officials said Saturday that …
Read More Viewpoint: California Needs Regulatory Reform and Quick Rate Review to Halt Personal Lines Meltdown
The regulation of property/casualty insurance in California has been an epic failure—look no further than the state of the market for personal automobile and homeowners insurance. California Insurance Commissioner Ricardo Lara’s automobile insurance rate moratorium and refusal to process rate …
Read More Evertas to Offer Largest Crypto Insurance Policy With Coverage Up to $420M
London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. The move is …
Read More People Moves: Alliant Adds McGrath to Chicago Team; UFG Appoints Allsup as Assistant VP
Alliant Insurance Services Names Matt McGrath as Vice President, Americas Division Matt McGrath has joined Alliant Insurance Services’ Alliant Americas division as vice president. Based in Chicago, McGrath will focus on designing, implementing, and managing comprehensive risk and insurance solutions …
Read More Texas Lawmakers Allocated $2 Billion to Increase Water Supply, Reduce Flooding
During this year’s legislative session, Texas lawmakers allocated part of the state’s historic $32.7 billion surplus toward better protecting the state against droughts and floods — an investment that followed one of the hottest summers on record and the worst …
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