Posts by Hometown Insurance
Transporting Florida Migrants a New Venture for Investor in Troubled Law Firm
The owners of a business that loaned McClenny Moseley & Associates $3 million to find clients with hurricane-damaged homes and earn fees by submitting damage estimates to insurers has embarked on a new venture: Transporting unauthorized aliens out of Florida. …
Read More InsurTech NY Accepting Applications for Digital MGA Lab
InsurTech NY has opened its application window for its Digital Managing General Agency (MGA) Lab. Applications for the cohort will be accepted through July 15. InsurTech NY brings together carriers, brokers, investors, and insurtech startups for educational conferences, a competition, …
Read More Triple-Whammy of Cyclones, a 1-in-200-Year Event, Drove Italy’s Flooding: Scientists
A rare, triple-whammy of cyclones drove the deadly flooding that devastated much of northern Italy this month, but scientists said Wednesday that climate change doesn’t seem to be to blame for the intense rainfall. Using computer simulations and past observations, …
Read More Climate Change, Wildfire Risk and State Farm’s California Decision
Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business property/casualty policies in California – including a challenging reinsurance market, increased risks and historic increases in construction costs outpacing inflation. …
Read More People Moves: Gallagher Re Appoints Brace of Exec Appointments for N. America, Brazil and China
Global reinsurance broker Gallagher Re announced the appointment of Linda Johnson as vice chairperson for its North American team, Daniel Veiga as CEO of Gallagher Re Brazil, Treaty Operation, Jia Lou as CEO of Mainland China & Hong Kong, with …
Read More World Insurance Associates Acquires Michigan’s Morris Insurance Group
World Insurance Associates LLC announced that it acquired the business of Morris Insurance Group, Inc. of Clinton Township and Rochester, Michigan on April 1, 2023. Terms of the transaction were not disclosed. Morris was founded over 60 years ago, and …
Read More Minnesota Governor Signs Bill Legalizing Recreational Marijuana
ST. PAUL, Minnesota (AP) – Surrounded by dozens of cheering people in green clothes, Minnesota Democratic Gov. Tim Walz signed a bill Tuesday to legalize recreational marijuana for people over the age of 21 starting in August, making Minnesota the …
Read More 1 Killed in Boiler Explosion at Southeastern Texas Power Plant
FRANKLIN, Texas (AP) – One person was killed when a boiler exploded at a southeastern Texas power plant Wednesday morning, according to a spokesperson for Dallas-based Luminant. “A contractor was fatally injured” in the blast about 8 a.m. at the …
Read More Whistleblowers File Lawsuits Against Oklahoma State Superintendent, Top Aide
OKLAHOMA CITY (AP) – Two former employees at the State Department of Education filed separate federal lawsuits Tuesday against Republican State Superintendent Ryan Walters and his top aide, alleging they were wrongfully fired last week. Cheryl McGee, the agency’s former …
Read More Massachusetts Agency Owner Accused of Stealing Workers’ Compensation Premiums
The owner of a Gloucester, Massachusetts insurance agency has been indicted and arraigned in connection with an alleged embezzlement scheme that left client companies uninsured. The scheme included the agent transferring ownership of her agency to a family member after …
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