Posts by Hometown Insurance
Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts
Insurance executive and counsels joined in with those from more than 200 companies that submitted a letter to a federal court rules committee urging the development of a third-party litigation funding (TPLF) disclosure requirement. According to a group called the …
Read More NFP Acquires Minnesota’s Moores
NFP announced the acquisition of Moores Insurance Management, Inc., a multi-disciplinary risk management firm based in Minneapolis, Minnesota. Mark Moores, CEO of Moores, will join NFP as senior vice president, Commercial P&C, reporting to Amanda Ruback, managing director of P&C …
Read More Texas Challenger to Nasdaq, NYSE Lands Fifth Company in a Week
Texas Capital Bancshares Inc. will switch its primary listing to the Texas Stock Exchange from Nasdaq, making it the fifth company in a week to jump to the upstart marketplace. The Dallas-based financial services provider expects to begin trading on …
Read More Ryan Specialty Unit Withdraws Protest Over FL Commercial Clearinghouse Contract
Ten days after giving notice that it planned to protest the awarding of a contract to manage a clearinghouse for Florida’s Citizens Property Insurance commercial policies, Ryan Services Group has withdrawn the notice. It’s not that unusual, a Citizens official …
Read More Magnum Says Ben & Jerry’s Chair Fostered Toxic Culture
Ben & Jerry’s former independent chair Anuradha Mittal was “abusive, discriminatory and unprofessional” and fostered a toxic culture before she stepped down from the board earlier this year, according to a legal filing by Magnum Ice Cream Company. In one …
Read More Aon Raises $13.5 Billion From Bond Sale to Fund USI Takeover
Aon Plc raised $13.5 billion from a high-grade bond offering to help fund its planned acquisition of USI Insurance Services, marking one of the biggest M&A financing deals to come to market in 2026. Investors placed as much as $65 …
Read More Rig at Citadel’s Miami Construction Site Falls; Injures Four
A rig collapsed in Miami’s financial district at the construction site of Citadel’s new headquarters, crushing several cars and snarling traffic. Videos and pictures provided by Miami Fire Rescue showed three cars impacted by the metal structure with a white …
Read More Amazon Halts Operations With 21 Air After Fatal Miami Crash
Amazon.com Inc. suspended work with cargo carrier 21 Air LLC, which operated the Sept. 6 flight that overran the runway at Miami and killed five people on the ground. “We’ve spent time supporting the investigation and reviewing some of the …
Read More Court Agrees Massachusetts Auto Insurance Bars Duplicate Medical Payments
An auto insurer in Massachusetts can withhold medical payments (MedPay) benefits to insureds whose medical expenses have been paid by their primary health insurer. The Massachusetts Appeals Court has upheld Commerce Insurance Co.’s denial of MedPay benefits in accordance with …
Read More People Moves: Ames & Gough Appoints 2 in DC
Ames & Gough Appoint Pryde and Walunas as AVPs In Washington, DC Office Ames & Gough appointed Keith Pryde and Tina Walunas as assistant vice presidents in the firm’s Washington, D.C. office. Pryde, an account executive in the law firm …
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