Posts by Hometown Insurance
People Moves: Skyward Specialty Promotes New VPs in Captives and Programs Divisions
Skyward Specialty Promotes New VPs in Captives and Programs Divisions Skyward Specialty Insurance Group Inc. has made two promotions in its captives and programs divisions. Ryan Burke has been promoted to vice president, specialty programs. Burke joined Houston, Texas-based Skyward …
Read More Patriot Growth Acquires Petschauer Insurance of New York
National, insurance network Patriot Growth Insurance Services has added Petschauer Insurance to its organization. Based in Garden City, New York, Petschauer offers property/casualty, employee benefits, life and disability insurance and risk management services for businesses and individuals.. With an agency …
Read More DOJ Tentatively Settles Suit Over 2017 Texas Church Shooting
AUSTIN, Texas (AP) – The Justice Department said Wednesday it has tentatively settled a lawsuit over the 2017 mass shooting at a Texas church that will pay victims and their families more than $144 million. More than two dozen people …
Read More Louisiana Challenge to Biden ‘Cost of Carbon’ Policy Dismissed
NEW ORLEANS (AP) – A lawsuit that Louisiana and other Republican-leaning states filed challenging figures the Biden administration uses to calculate damages from greenhouse gasses was dismissed Wednesday by a federal appeals court. The unanimous decision by three judges on …
Read More Two Contractors to Pay $1.24 Million to Resolve Fraud in Whittier Bridge/I-95 Project
Walsh Construction Co. and Melo’s Rodbusters, Inc. have agreed to pay $1.24 million collectively to resolve False Claims Act allegations that they participated in a fraudulent scheme to take advantage of the federal Disadvantaged Business Enterprise (DBE) program in connection …
Read More US Airports’ Outdated Tech Leaves Planes Vulnerable to Runway Near-Misses
A crucial safety system that’s relied on to avoid potentially fatal collisions at major US airports is aging and plagued by outages that have left travelers unprotected for months at a time. At some airports, it hasn’t ever been installed. …
Read More Massachusetts Approves 10.2% Workers’ Compensation Rate Cut
Massachusetts workers’ compensation rates will fall an average 10.2% starting July 1, a considerably bigger reduction than the industry recommended. Insurance Commissioner Gary Anderson signed off on the cut that will save employers an estimated $130 million after the attorney …
Read More Altering Adjusters’ Reports a No-No under Florida Insurer Accountability Bill
As trial lawyers and news reports around the state continue to criticize Florida lawmakers for the far-reaching tort-reform passed last month, the Senate Banking and Insurance Committee has approved a bill designed to bring more accountability for property insurers. By …
Read More Howden Receives License to Launch Operations in Bahrain
Howden, the London-based insurance broker, announced it has received a license from the Central Bank of Bahrain to establish operations in the Kingdom of Bahrain. Howden said this represents a significant step in the broker’s strategic growth ambitions for the …
Read More Munich Re Will Not Extend Nord Stream 1 Coverage When It Expires This Year
Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it expires later this year, a spokesperson told Reuters on Thursday. The decision follows an announcement by Allianz on Wednesday that it does not intend to …
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