Posts by Hometown Insurance
California City Suing Former Officer Who Skied, Went to Festival on Workers’ Comp
A California city has filed a civil lawsuit against a former police officer who went skiing and attended a music festival while collecting workers’ compensation. Westminster filed the suit against a former police officer who was charged with 15 felonies …
Read More Verisk’s $2.35B Buy of AccuLynx ‘Natural Fit’ for Claims Management Solutions
Insurance data analytics and technology firm Verisk said it has an agreement in place to acquire AccuLynx, a software-as-a-service platform designed for residential roofing contractors, for $2.35 billion. Verisk said in a July 30 announcement that both companies play key …
Read More Cotality Estimates $1.1B in Damage to Residential Buildings from Central Texas Floods
Cotality estimates that the recent Central Texas flash floods caused $1.1 billion in damage to residential buildings, with the National Flood Insurance Program providing as much as $135 million in insurance recoveries to home and business owners across the impacted …
Read More People Moves: LSM Hires Nelson, Ciraci and Prout to Boost Renewables Offering; BMS Promotes Wookey to Managing Director, Bermuda Product Line Development
This edition of International People Moves details appointments at Liberty Specialty Markets and the broker BMS. A summary of these new hires follows here. Liberty Specialty Hires Nelson, Ciraci and Prout to Boost Renewables Offering Liberty Specialty Markets (LSM), part …
Read More Two Georgia Men Denied Bond After Charged With Large Cache of Homemade Bombs
Two Georgia men, denied bond, are in jail awaiting court action after they were charged with possessing a large amount of homemade explosive devices. The Georgia Office of Insurance Commissioner and State Fire Marshal’s Office, along with the Floyd County …
Read More South African State Insurer Builds $1.1 Billion Riot Buffer
South Africa’s state-owned risk insurer, which the government bailed out so it could meet claims stemming from riots four years ago, has built up a 20 billion-rand ($1.1 billion) buffer to safeguard its finances in the event of anticipated future …
Read More Huge Quake Rocks Russia’s Far East, Triggering Tsunami Warnings Around Pacific
A very powerful magnitude 8.8 earthquake off Russia’s Far Eastern Kamchatka coast on Wednesday triggered tsunami warnings as far away as French Polynesia and Chile, and was followed by an eruption of the most active volcano on the peninsula. The …
Read More Brown & Brown’s Profit Climbs on Fee and Commission Growth
Brown & Brown (BRO.N) posted a rise in second-quarter profit on Monday as the insurance broker benefited from higher commissions and fees driven by growing demand. Insurance spending has continued to grow, even as businesses and individuals pull back in …
Read More Derechos: An Uncommon And Destructive Weather Event
Prolonged wind events that unleash heavy rainfall and travel far distances sometimes qualify as derechos. Derechos can happen almost anywhere in the United States but are most common in the central and eastern regions of the country. Winds typically gust …
Read More Palo Alto Networks Reaches $25 Billion Deal for CyberArk
Palo Alto Networks Inc. agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion. Palo Alto will pay CyberArk investors $45 per share and 2.2005 shares of Palo Alto stock, according …
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