Posts by Hometown Insurance
Towne Insurance Snaps Up Lee-Moore Agency in North Carolina
Virginia-based Towne Insurance has continued its steady rate of expansion with the acquistion of Lee-Moore Insurance Agency in North Carolina. The move is the ninth acquisition by Suffolk-headquartered Towne, company leadership said in a news release. The family-owned Lee-Moore has …
Read More Study Says Rising Seas to Affect $108B in SE Property; Tax Bases will Suffer
Rising seas will engulf millions of homes, business and parcels of land, and will reshape coastlines, property lines and local tax bases around the Southeast in less than 40 years. And Florida, North Carolina, Louisiana and Texas will see the …
Read More Biz Moves: King Insurance Acquires Two More Agencies in Florida
King Insurance, a rapidly expanding brokerage based in Gainesville, Florida, has announced the acquisitions of two more Florida agencies. King officials said that it bought Tallahassee-based Brad Burns Insurance, which handles property/casualty insurance and employee benefits. The agency was founded …
Read More New York Revises Compensation Fund, Workers’ Compensation Claims for 9/11 Victims
Ahead of the 21st anniversary of 9/11, New York Governor Kathy Hochul signed legislation to provide support to 9/11 victims and survivors and their families. This support aims to remove barriers and delays in the Victim Compensation Fund and workers’ …
Read More Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims
A bankruptcy judge on Sept. 8 granted the Boy Scouts of America (BSA) approval of its $2.5 billion reorganization plan, which will allow the organization to settle tens of thousands of sexual abuse claims. U.S. Bankruptcy Court Judge Laurie Silverstein’s …
Read More UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation
Liz Truss’s UK government announced a sweeping package of measures to contain spiraling energy bills, seeking to ease a historic squeeze on the cost of living that’s likely to define her premiership. Truss’s plan would cap the average cost of …
Read More Former Florida Commissioner Warns Officials not to Shoot the Demotech Messenger
Former Florida Insurance Commissioner Kevin McCarty is criticizing current state regulators over their recent digs at the Demotech financial rating firm, after Demotech warned it would downgrade more than a dozen property insurers in the state. “Demotech is merely the …
Read More TWIA Committee to Consider General Manager Candidates at Upcoming Meeting
The Texas Windstorm Insurance Association announced that its Board of Directors will meet on Wednesday, September 14 at 10:00 a.m. CT to discuss candidate interviews and potential action on a hiring decision for its General Manager position. The TWIA Board’s …
Read More Federal Lawsuit Challenges Oklahoma Anti-Trans Bathroom Law
Civil rights groups filed a federal lawsuit on behalf of three transgender Oklahoma schoolchildren, arguing the state’s new law requiring students use only the bathroom of the sex listed on their birth certificate is unconstitutional. The lawsuit filed Tuesday in …
Read More Ohio Court: Insurer Has No Duty to Defend Drug Distributor Against Opioid Lawsuit
An insurer has no duty to defend a drug distributor against lawsuits filed by cities and counties that allege it failed to take proper steps to prevent abuse of prescription opioids, the Ohio Supreme Court ruled Wednesday. In a 5-2 …
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