Posts by Hometown Insurance

Arthur J. Gallagher & Co. announced the acquisition of Quincy, Illinois-based Cason, Huff & Schlueter Insurance. Terms of the transaction were not disclosed. Founded in 1923, Cason, Huff & Schlueter is a retail insurance agency specializing in personal and commercial …

Ohio Department of Insurance director Judith L. French announced that former attorney Anthony Fusco, of Youngstown, was sentenced on October 7 in the Mahoning County Court of Common Pleas to 18 months in prison for felony insurance fraud. Fusco was …

It’s beginning to look a lot like winter in Michigan’s Upper Peninsula, with snow falling and high winds toppling trees and causing power outages. MLive reported that as much as 18 inches (45 centimeters) of snow fell as of Tuesday …

Iroquois adds Regional Manager Gonzalez in Texas Jo Gonzalez joins Iroquois as a regional manager for Texas, where she will further expand Iroquois’ presence by partnering with independent insurance agencies and select carriers. Iroquois Texas is part of Allegany, New …

Alan Schnitzer, chairman and CEO of The Travelers Companies, has been elected chair of the board of directors of the American Property Casualty Insurance Association (APCIA). Dino E. Robusto, chairman and CEO of CNA Financial Corporation was elected chair-elect at …

Decentralized finance, the once red-hot slice of the crypto universe that was at the center of this year’s collapse of the digital-asset world, is facing a rapidly increasing new challenge: financial hacking. After being plagued for years by hackers seeking …

In the wake of Hurricane Ian, Florida’s chief financial officer has taken a hard line on insurance claims litigation, calling for an outright ban on assignments-of-benefits agreements. At a press conference in Cape Coral, a city hit hard by the …

The Hanover Insurance Group on Oct. 20 released an estimate of third-quarter over catastrophe and Hurricane Ian-related losses. Q3 losses are expected to be about $90 million, pre tax. Estimated losses from Ian will be about $28 million, mostly from …

If Hurricane Ian would have made landfall in Florida, say, six months ago, the costs of reconstruction could have been even higher than the already staggering estimates now coming from the Sunshine State. Inflation is indeed set to bump up …

Agriculture losses in Florida from Hurricane Ian’s high winds and drenching rains could reach $1.56 billion, with citrus, cattle, vegetable and melon operations among the hardest hit, the University of Florida reported Tuesday in a preliminary estimate. The school’s Institute …