Posts by Hometown Insurance
Berkley Cooling On Professional Lines, Firing Up Property Cat Re Engines
Property cat reinsurance: “More.” Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp., Robert Berkley, Jr., shared his company’s appetite for short-tail and long-tail coverages during an earnings conference call on Monday—flagging property …
Read More Chubb’s Q3 Numbers: Net Income Falls on Realized Losses; P/C Profits Up 15%
In spite of incurring nearly $1 billion in pre-tax net losses from Hurricane Ian, Chubb reported a combined ratio of 93.1 for the third quarter of 2022, representing $710 million in underwriting income. Property/casualty underwriting income was up 15% compared …
Read More AmTrust Acquires Mid-Market Book from DUAL
AmTrust Financial Services announced that it has acquired the middle market management liability business of DUAL North America, a Florida-based specialty program administrator that offers property/casualty products. DUAL is part of the DUAL Group, an large underwriting team based in …
Read More Fagan to Replace Koscielny at Florida Peninsula Insurance
The Florida Peninsula Insurance group of companies announced that Joe Fagan will replace Michael Koscielny as vice president of underwriting for Peninsula and its subsidiary, Edison Insurance Co. Fagan has spent 16 years in leadership positions with Travelers Insurance, including …
Read More New England Patriots Owner Alleges Insurer Fumbled Media Liability Claims
Kraft Sports and Entertainment, owner of the NFL’s New England Patriots, has sued Hiscox Insurance alleging the insurer has failed to respond under media liability insurance policies to multiple claims of copyright infringement brought against the sports company. Kraft Sports, …
Read More Louisiana Issues C&D Order to Baton Rouge Producer
Investigators from the Office of Insurance Fraud at the Louisiana Department of Insurance (LDI) issued resident producer Houston Thomas and Thomas Mutual Insurance Group a Cease-and-Desist Order and Notice of Summary Suspension on October 10, 2022, for failing to remit …
Read More Illinois’ Lang Financial Group Rebrands as 1706 Advisors
Lang Financial Group, a third-generation firm specializing in employee benefits, human resource management, and individual and business insurance planning, announced it has rebranded to 1706 Advisors. The company also announced that founder and former president Stacy Lang Kahan will step …
Read More Work Begins on New Southern Louisiana Pump Station
DONALDSONVILLE, La. (AP) – Louisiana officials have broken ground for a critically needed $96 million pump station that could help revive the marshes and barrier islands that protect a large area of south Louisiana from hurricanes and sea level rise. …
Read More Prairie Fires in Nebraska, Iowa Force Evacuations, Destroy Homes
LINCOLN, Neb. (AP) – Prairie fires pushed by tinder-dry conditions and winds topping 60 mph (96 kph) led to evacuations in eastern Nebraska and western Iowa and destroyed homes and injured two firefighters south of Nebraska’s capital city of Lincoln, …
Read More Missouri Arbitrator: Firefighter Lied About Fatal Crash
KANSAS CITY, Mo. (AP) – An arbitrator ruled that a Kansas City firefighter lied to police after he drove through a red light and crashed into several vehicles, killing three people last year. Judge Miles Sweeney said in a summary …
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