Posts by Hometown Insurance

The member-owned property insurer known as SURE has assumed some 14,000 South Carolina homeowners policies from FedNat Insurance, which left the state as part of a financial restructuring plan this year. “We responded to FedNat’s downgrade by expediting the transfer …

Geo Underwriting, The Ardonagh Group’s MGA subsidiary, has completed the acquisition of the managing general agent Lorega Holdings Ltd. from Alcuin Capital Partners. Financial details of the transaction were not disclosed. Lorega is the UK’s leading supplier of loss recovery …

Doctors learned early in the pandemic that COVID-19 was more than a respiratory disease. It was attacking bodily organs, including the heart – even in healthy, young athletes. Enough athletes with COVID were experiencing heart inflammation, called myocarditis, that doctors …

The owner of a Tampa medical clinic has been charged in a scheme that staged auto accidents then submitted more than $970,000 in falsified insurance claims, Florida authorities said. Angela Ippolito Duncan, owner of Ybor Medical and Wellness Center, was …

US death rates from motor vehicle crashes rates are the highest among 29 upper-income countries, according to a government study that adds to the country’s poor public-health record among developed nations. Annual US fatalities from car, truck and motorcycle collisions …

Luxury British jeweler Graff Diamonds Corp. paid $7.5 million ransom in Bitcoin to a Russian hacking gang after it leaked data on the jeweler’s high-profile clients, according to a London lawsuit. Graff, that counts Middle East royalty among its client …

Governor Kathy Hochul has signed legislation to help employers with unpaid workers’ compensation premiums regain access to coverage through the New York State Insurance Fund, the state’s largest workers’ compensation insurer. New York law requires businesses to have workers’ compensation …

Although reports indicate ransomware activity has been quieter than usual to start the year, experts say that likely won’t last for long. “What we see is there’s an evolution of [ransomware] changing and not just in the way that the …

This edition of International People Moves details appointments at MS Amlin, DUAL Europe, and Gallagher Re. A summary of these new hires follows here. MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance, Deputy CUO MS Amlin Underwriting Ltd. …

Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter. Even the toughest hypothetical scenarios in the European Central Bank’s climate stress test didn’t result in …