Posts by Hometown Insurance
People Moves: First Chief Insurance Officer at Next Insurance; New President, CUO at Tapco; Fine Art Team at Distinguished Programs
Next Insurance Names Rhodes as First Chief Insurance Officer Next Insurance has announced the appointment of Chris Rhodes as the company’s first chief insurance officer. Rhodes has 20 years of property and casualty insurance experience, including senior leadership roles at …
Read More BMS Acquires Spanish Specialty Broker Eisenar
BMS, London-based independent specialty insurance and reinsurance broker, announced it has signed a deal to acquire Eisenar, the Spanish specialty insurance broker. The terms of the acquisition were not disclosed. Eisenar was founded in 2001 by Eugenio Sanchez-Belda and is …
Read More AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which assigned a positive outlook to the delegated underwriting authority enterprise (DUAE) sector Monday. The …
Read More Florida Chamber Summit Panelists Confident Lawmakers will Stem Attorney Fees
If Florida lawmakers had any doubts about what reforms they need to consider at next week’s special legislative session, the Florida Chamber of Commerce’s Insurance Summit on Tuesday provided plenty of ideas. And most of the panel members expressed optimism …
Read More Florida Session Agenda Calls for Claims Process Changes, More Oversight of Insurers
Florida legislative leaders posted a proclamation Tuesday painting the broad outlines of the special session scheduled to begin Monday, Dec. 12. And it quickly had tongues wagging around the industry. As expected, the proclamation from Sen. President Kathleen Passidomo and …
Read More Carbon Monoxide Leak at Chicago Church Sends 12 to Hospitals
CHICAGO (AP) – Twelve people were hospitalized after a carbon monoxide leak at a church on Chicago’s South Side, fire officials said. The Chicago Fire Department said that just after 1 p.m. it was called to the New Philadelphia Church …
Read More Texas Court: Plaintiffs Alleging Brain Damage Must Submit to Independent Tests
A family seeking $33 million in economic damages for alleged brain injuries caused by exposure to carbon monoxide must submit to a battery of neuropsychological tests by the defendant’s doctor, the Texas Supreme Court ruled. The high court on Friday …
Read More Texas Leaders Diverge on How to Fix Power Grid
The legislative session is more than a month away, but fault lines are already emerging between Texas’ top two Republican leaders on two major issues. Both Gov. Greg Abbott and Lt. Gov. Dan Patrick want to use the state’s massive …
Read More Apple Sued By Women Who Say AirTag Lets Stalkers Track Victims
Apple Inc. has been sued by two women who said its AirTag devices have made it easier for their former partners and other stalkers to track down victims. In a proposed class action filed on Monday in San Francisco federal …
Read More A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best
Apparently nothing has changed within the last several months to change AM Best’s negative outlook on the U.S. personal lines insurance segment. Tuesday the insurance industry rating agency said it was maintaining its view, first revised in September, primarily because …
Read More