Posts by Hometown Insurance
People Moves: McCain to Retire from Frankenmuth Insurance
McCain to Retire from Frankenmuth Insurance Frankenmuth Insurance Senior Vice President Phil McCain will retire on June 2 after 37 years of service and leadership. McCain started at the company, headquartered in Frankenmuth, Michigan, as a programmer in 1986. He …
Read More Louisiana Supreme Court Suspends Hurricane Damage Attorney
The Louisiana Supreme Court suspended indefinitely the law license of the attorney who manages McClenny Moseley & Associates’ office in New Orleans — the latest setback for a law firm that paid nearly $14 million for client leads and filed …
Read More General Contract Fined $154K After Painter Fatally Falls 21 Feet Off Balcony
A 51-year-old painting contractor at a residential apartment complex in Cleveland stepped onto a third-floor balcony and it tilted suddenly, causing him to fall 21 feet onto the concrete below. As he lay injured, the balcony slid off its wall …
Read More Michigan Conservative Group Will Get Reward for Suing Over COVID-19 Loans
MIDLAND, Mich. (AP) – A conservative economic-policy group will get a $22,500 reward for blowing the whistle on a Michigan teachers union and its insurance arm, which got $12.5 million in government-backed loans during the early months of the COVID-19 …
Read More Burns & Wilcox Acquires Louisiana’s McIntyre & Associates
Burns & Wilcox has signed a definitive agreement to acquire McIntyre & Associates, a Ruston, Louisiana based managing general agent. The deal is expected to close early in Q2 2023.. Family owned for two generations, McIntyre is a wholesale business …
Read More The Hack That Upended Derivatives Trading Spurs Calls for Action
A cyberattack that disrupted derivatives trading in January is prompting calls for more oversight to combat the risk of hacks across financial markets. The top US derivatives regulator wants to update standards and monitoring systems that will help minimize the …
Read More New York City Launches Parametric Flood Program With Insurance, Tech Firms
Insurer Swiss Re Corporate Solutions, reinsurance broker Guy Carpenter, and the data technology firm ICEYE have teamed up with New York City government agencies to develop a pilot parametric flood recovery assistance program for low and moderate income households in …
Read More Women Still Underrepresented in Agency Leadership: Survey
A new report showed that while more agencies have at least one woman in leadership, men still outnumber women in leadership two to one. Women make up more than half of all employees in insurance agencies, but less than one-third …
Read More Florida Senate Committee Approves Tort-Reform Bill, but Changes Are Possible
A Florida bill that aims to further limit injury and insurance litigation and attorney fees passed a state Senate committee Tuesday after heavy debate – but with few changes. Senate Bill 236, the companion to House Bill 837, a wide-ranging …
Read More California Oil Company Paying $65M for Oil Spills
A defunct company that spilled more than a million gallons of crude oil and wastewater in California must pay more than $65 million in penalties and cleanup costs, federal prosecutors announced. A federal court entered a final judgment last week …
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