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Posts by Hometown Insurance

CRC Group Acquires Florida Wholesaler SLB Insurance Group

By Hometown Insurance | December 16, 2024
CRC Group, one of North America’s leading independent wholesale specialty insurance distributors, has acquired SLB Insurance Group, a binding authority operation with offices in Florida and Louisiana. Founded in 2000, SLB specializes in small to midmarket property and casualty, trucking, …
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Swiss Insurer Helvetia’s Cost-Saving Plans Will Impact About 500 Jobs: CEO

By Hometown Insurance | December 16, 2024
Swiss insurer Helvetia plans to cut jobs and relocate some workers as part of an efficiency program aimed at saving about 200 million francs ($224 million) over the next three years. The measures will affect around 500 positions, of which …
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Disaster Insurance Set to Test Italy’s Business Backbone in 2025

By Hometown Insurance | December 16, 2024
Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some fear it will be hard to enforce and too costly. Many small and medium-sized firms, which form the backbone of …
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How Accountants Provide Frontline Defense Against Cybercrime

By Hometown Insurance | December 16, 2024
Once considered to be simply “bean counters,” accountants now play an important role in the defence, investigation and protection against cybercrime. Modern cybercrime includes stealing personal information, hacking into systems, spreading viruses and tricking people into giving away money or …
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Climate Change ‘Supercharged’ Philippines’ Typhoon Season, Study Finds

By Hometown Insurance | December 16, 2024
A warming climate fueled the blitz of six powerful storms that hit the Philippines within a matter of weeks this year, according to a new study. The conditions that enabled the unusual string of tropical cyclones late in the season, …
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Lloyd’s of London Trade Body Examines Planned Conduct Overhaul

By Hometown Insurance | December 16, 2024
Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened powers in the new rules. Lloyd’s has …
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Allianz Withdraws $1.63B Offer for Singapore’s Income Insurance

By Hometown Insurance | December 16, 2024
German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had scrapped the proposed …
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Iowa Roofer Ordered to Cease Unlicensed Public Adjuster Services

By Hometown Insurance | December 16, 2024
An Iowa roofing company has agreed to a consent order to stop promoting itself as a public adjuster or providing any public adjuster services on its websites, social media pages and advertisements. Darren Reeves Roofing has also agreed to instruct …
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Oklahoma Seeks Contractors, Evaluators for Fortified Homes Program

By Hometown Insurance | December 16, 2024
The Oklahoma Insurance Department is seeking applications from contractors and evaluators to participate in the Strengthen Oklahoma Homes program (SOH). SOH provides Oklahoma residents with grants of up to $10,000 to mitigate their home against wind and hail by adopting …
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EEOC Sues Texas Pizza Hut Operator for Workplace Discrimination

By Hometown Insurance | December 16, 2024
Ayvaz Pizza, LLC, doing business as Pizza Hut, which operates more than 350 Pizza Hut restaurants in ten states and multiple locations in the Houston area, violated federal law when it subjected a female employee to sex-based harassment and retaliation, …
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