Posts by Hometown Insurance
Georgia Insurance Agent Sentenced After Conviction on Fake Comp Certificates
A Georgia insurance agent is now on probation after he was convicted of providing fake workers’ compensation coverage certificates while collecting thousands of dollars in premiums. Jeffrey Alan Reichel, 66, of Suwanee, took the unusual approach of selling club memberships …
Read More Fire Heavily Damages Buildings at Indiana Farmers’ Co-Op
DILLSBORO, Ind. (AP) – A fire heavily damaged buildings at a southeastern Indiana farmers’ co-operative that provides livestock feed, producing flames visible miles away, officials and witnesses said. Thursday’s fire at the Dillsboro branch of the Laughery Valley Ag Co-Op …
Read More Officials Release Report on 2019 Explosions at Port Neches Chemical Plant
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released its final investigation report on the November 27, 2019, explosions and fires at the TPC Group Port Neches Operations facility Chemical Plant in Port Neches, Texas. The incident occurred when …
Read More Missouri Insurance Director Lindley-Meyers Elected President of NAIC
Members of the National Association of Insurance Commissioners (NAIC) elected officers for 2023 this week during the closing activities of its Fall 2022 National Meeting in Tampa, FL. Missouri Department of Commerce and Insurance Director Chlora Lindley-Myers was elected President …
Read More Death Claim Filed Too Late for Malpractice Reform Law, Says Pennsylvania High Court
The two-year statute of limitations for medical malpractice death claims applies even if the medical records available obscured the legal cause of death, the Pennsylvania Supreme Court ruled last week. In a 3-2 decision, the high court restored a trial …
Read More Sompo Int’l Completes Sale of Lloyd’s Run-off Business to Legacy Specialist RiverStone
Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced that it has completed the transfer of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Ltd (RiverStone International), after receiving regulatory approval from the …
Read More Families Shattered by Tornadoes in Gulf
A storm system that spawned dozens of reported tornadoes from Texas to the Florida Panhandle was all but done with the South last Thursday after killing at least three people and uprooting families across Louisiana, where some homes were blown …
Read More EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Deal
The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green Deal strategy that aims to make its economy climate-neutral by mid-century. Under a provisional deal announced by representatives of EU …
Read More EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling economy weakens resolve to punish Moscow for war in Ukraine. EU leaders agreed on Thursday [Dec. 15] to a ninth …
Read More Fund Managers Frustrated Over Confusing ESG Regulations
After a turbulent few weeks during which some of the world’s biggest asset managers removed coveted ESG tags from huge chunks of their business, industry bosses have had enough. Managers running the funds affected are now talking openly of the …
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