Posts by Hometown Insurance

Distress among UK companies has risen for a third consecutive year, to its highest level since the onset of the COVID-19 pandemic, according to a report by consulting firm Alvarez & Marsal. A&M found that 11.2% of UK firms suffered …

Atlas Insurance Agency, based in Sarasota, Florida, announced it has acquired its sister company, Atlas Employee Benefits. The firms will now operate under a single brand name. “While Atlas Insurance and Atlas Employee Benefits have operated separately in the past, …

A Florida House bill that would bar Citizens Property Insurance Corp. from writing condominium properties that haven’t complied with inspection deadlines passed its first hurdle this week. But the measure has been questioned by some as unnecessary and potentially detrimental …

NJM Insurance Group’s President and Chief Executive Officer Mitch Livingston, will retire on July 31, after 19 years at the company, including the past seven as its leader. The company’s board of directors has selected Carol Voorhees, NJM’s executive vice …

The former CEO of Magellan Diagnostics pleaded guilty on Monday to a criminal charge related to a malfunction in the company’s lead-testing devices that produced inaccurately low results for tens of thousands of patients. Amy Winslow was the last of …

A San Jose, California, body shop owner was charged with insurance fraud following an undercover sting operation that reportedly revealed he jacked an insurance damage estimate on a bait car. The operation, led by investigators from the Santa Clara County …

Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes in January. California Insurance Commissioner Ricardo …

Arch Insurance Names 2 Senior Leaders for Casualty Team in Spain Arch Insurance announced the appointments of Carmen Cobeta as head of Casualty, Spain, and Irene Fernandez Franic as senior casualty underwriter, effective immediately. Cobeta and Fernandez Franic join Arch …

There is about a 40% chance of a U.S. recession this year and a risk of lasting damage to the country’s standing as an investment destination if the administration undermines trust in U.S. governance, according to J.P. Morgan’s chief economist. …

Authorities in Texas reported 25 new measles cases over the last five days, bringing the state’s total to 223 as the outbreak continues to spread. Authorities in Texas, the hardest-hit state with the first confirmed US measles death in a …