Posts by Hometown Insurance
People Moves: Pete Anhalt to Lead The General Following Sentry Acquisition
Sentry Insurance announced that Pete Anhalt will lead The General following Sentry’s acquisition of the brand from American Family Insurance. Anhalt currently serves as president of Sentry’s Dairyland brand and brings decades of leadership experience in the non-standard auto (NSA) …
Read More California FAIR Plan Stabilization Act Moving Through Legislature
A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature. Assembly Bill 226, the FAIR Plan Stabilization Act, passed out of the Assembly 72-0. Related: California OKs …
Read More Iowa Man Who Falsified Rolex Watch Claim Sentenced to 10 Years in Prison
An Iowa man was sentenced last week to ten years in prison after pleading guilty to Insurance Fraud (Class D Felony) and Fraudulent Practice (Class D Felony), following an investigation conducted by the Iowa Insurance Division’s Fraud Bureau. Bryce Douglas …
Read More Supreme Court Largely Backs FDA on Flavored Vapes
The US Supreme Court largely sided with the Food and Drug Administration in its rejection of applications to sell flavored vaping products, backing actions the agency took during Joe Biden’s presidency amid uncertainty about the approach it will take under …
Read More TDI to Adopt 11.5% Workers’ Comp Rate Decrease
The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current loss cost level. The …
Read More Florida’s Universal P&C Overstated Claims to Cat Fund, Must Pay $4M Fine, AG Says
The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund. …
Read More Chipotle to Settle Kansas Religious Harassment Lawsuit
National restaurant chain Chipotle Services, Inc. will pay $20,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) religious harassment, retaliation, and constructive discharge lawsuit, the federal agency announced. The EEOC suit alleged that in July …
Read More Firm Issued Fake insurance for Russian Oil Tankers, Norway’s Regulator Says
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to be an insurance provider …
Read More Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastrophe Models
Verisk said today it has acquired Nasdaq subsidiary Simplitium Limited, the owner and operator Nasdaq Risk Modelling for Catastrophes (NRMC). NRMC is a software-as-a-service platform that supports an open ecosystem where specialized model partners make models, hazard data, and analytics …
Read More Las Vegas Telsa Arson Suspect to Remain Jailed Until Trial
A man accused of setting fire to Tesla vehicles in Las Vegas will remain jailed until his trial on federal charges of arson and possessing an explosive device, a judge ruled Monday. U.S. Magistrate Judge Elayna Youchah concluded no pretrial …
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