Posts by Hometown Insurance
Mass Shooting Insurance Rates Jump as Incidents Rise
The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said. The United States witnessed 293 mass shootings so far this year, according …
Read More ‘It’s Not Been Fun’: Cyber Insurance Brokers Seek Consistency as Hard Market Settles
Alexandra Bretschneider said it feels like she has been a part-time grim reaper the last two years. The cyber practice leader at broker Johnson, Kendall & Johnson said, “I am just constantly delivering bad news.” Providing a perspective of the …
Read More Georgia Doc Sentenced in Scheme That Implicated Former Insurance Commissioner
An Atlanta-area physician and owner of medical clinics has been sentenced to 36 months in prison for defrauding health insurance companies, a scheme that also has led to the indictment of former Georgia Insurance Commissioner John Oxendine. Dr. Jeffrey Gallups …
Read More Family Sues Bowling Green in Ohio in Hazing Death
The family of a student who died from alcohol poisoning while pledging a fraternity sued Bowling Green State University, alleging the Ohio school knew about but didn’t stop hazing in Greek life there and should be held responsible. The university …
Read More More Federal Wildfire Recovery Aid Available For New Mexico
U.S. President Joe Biden authorized an increase in funding for debris removal and other emergency measures being taken as a result of a historic wildfire season in New Mexico that stemmed partly from missteps by federal forest managers in starting …
Read More People Moves: BMS Promotes Gormley to UK CEO; Schepers Named Head of WTW Insurance Consulting and Technology as Underwood Retires
This edition of International People Moves details appointments at the brokers BMS and Willis Towers Watson (WTW). A summary of these new hires follows here. BMS Promotes Gormley to UK CEO BMS, the London-based independent specialist re/insurance broker, announced that …
Read More U.S. Power Companies Face Supply-Chain Crisis This Summer
U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought …
Read More Florida Driver Could Get $12M After Insurer Did Not Respond to Settlement Offer
A Florida accident victim gets a second chance to compel an auto insurer to pay a $12.7 million judgment after the insurer failed to respond to a $10,000 settlement offer, a federal appellate court ruled Tuesday. A divided panel of …
Read More Cross Insurance Acquires Benefits Agency in Massachusetts
Maine-based insurance agency Cross Insurance has reported its acquisition of Northern Benefits of Massachusetts. Northern Benefits of Massachusetts, based in Marlborough, specializes in customized benefits brokerage and compliance awareness for small and mid-sized companies in Massachusetts. Northern Benefits offices will …
Read More FEMA to Send Connecticut $1.3M for May Storm Recovery
he Federal Emergency Management Agency will be sending nearly $1.3 million to the state of Connecticut to reimburse it for the administrative costs of recovering from the tornadoes and storms that struck the state on May 15, 2018. A line …
Read More