Posts by Hometown Insurance
People Moves: Cincinnati Financial Names Givler and Den Heuvel SVPs
Cincinnati Financial Corporation, headquartered in Cincinnati, promoted several leaders in its commercial/life operations and personal/specialty operations effective January 1. Sean M. Givler, senior vice president, commercial lines, will lead the commercial/life insurance operations, overseeing commercial lines, management liability and surety, …
Read More Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk
Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and entertainment managing general underwriter. London-based Paradiso became part of Ryan after its acquisition of Castel Underwriting Agencies in May 2024. …
Read More New York in State of Emergency As It Faces Another Major ‘Lake Effect’ Snowstorm
New York State declared a state of emergency for portions of Western New York, Finger Lakes, Central New York and North Country regions as forecasts call for those areas to receive multiple feet of lake effect snow. Areas east of …
Read More New Orleans Attorneys Accused of Staging Car Accidents in Insurance Fraud Scheme
Eight people and two law firms have been charged in what authorities say was more than a decade-long scheme of staging vehicle crashes in the New Orleans area and then submitting fraudulent insurance claims, leading to what prosecutors allege was …
Read More Consulting Firm McKinsey to Pay $650M to Resolve US Opioid Probe
McKinsey & Co has agreed to pay $650 million to resolve a U.S. Department of Justice investigation into the consulting firm’s work advising opioid manufacturer OxyContin maker Purdue Pharma on how to boost sales. McKinsey has entered into a five-year …
Read More Hub Acquires Arkansas’ Hadfield Agency
Hub International Limited announced that it has acquired the assets of Hadfield Agency, Inc. (Hadfield Agency). Terms of the transaction were not disclosed. Headquartered in Little Rock, Arkansas, Hadfield Agency is an independent, multi-line insurance agency providing commercial and personal …
Read More Nonstandard Auto Segment Posts Profit for First Half 2024
While publicity about personal auto insurer initiatives has focused chiefly on requested rate increases, there’s more to the picture regarding auto insurers’ efforts to improve underwriting results after two calendar years of record underwriting losses. Improving the overall quality of …
Read More Ohio Bill Seeks to Prohibit Mandating Firearm Liability Insurance
A bill making its way through the Ohio General Assembly would prohibit requiring firearm liability insurance. Senate Bill 58 passed the House by a 61-27 vote and now heads to the Ohio Senate, where legislators in the chamber will have …
Read More Firefighters Getting Handle on California Blaze That Threatened Malibu
Firefighters are getting a better handle on a California wildfire that was threatening the city of Malibu as the winds that fanned the flames begin to subside. The Franklin Fire is now 30% contained and has burned 4,037 acres, according …
Read More Player’s Health Announces $60M Funding Round
Players Health, a provider of athlete safety and sports insurance solutions, has announced the closing of its $60 million Series C funding round. The round was led by Bluestone Equity Partners, an institutionally backed global private equity firm focused on …
Read More