Posts by Hometown Insurance
Former Texas Police Chief Convicted of Insurance Fraud
A federal jury convicted former Castroville Police Chief, Christopher Filline, for one count of conspiracy to commit wire fraud, the U.S. Attorney’s Office for the Western District of Texas announced. According to court documents and evidence presented at trial, Filline, …
Read More South Texas City in Boil-Water Notice After E. coli Traces Found in Water System
McALLEN — Laredo entered its sixth day of a citywide water boil notice after traces of E. coli were discovered in its public water system. Now officials in this South Texas city are scrambling to repair old water pipes that …
Read More People Moves: Aon Reinsurance Solutions Announces New Senior Leadership Roles; Ryan Specialty Underwriting Managers Int’l Hires 3 in Leadership Team
This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International. A summary of these new hires follows here. Aon Announces New Senior Leadership Roles in U.S. Reinsurance Solutions Team Insurance broker Aon plc announced …
Read More Fitch Revises Cincinnati Financial’s Outlook to Positive From Stable
Fitch Ratings has affirmed the ‘A+’ (Strong) Insurer Financial Strength (IFS) ratings for Cincinnati Financial Corporation’s (CINF) three property/casualty insurance subsidiaries and its life insurance subsidiary the ‘A+’ (Strong). Fitch has also affirmed CINF’s Long-Term Issuer Default Rating at ‘A’ …
Read More Female Leadership Suffers When Private Equity Firms Invest
Female board and leadership representation at European companies plunges whens private equity firms invest, according to a study by consultancy LCap Group. The average percentage of women in leadership positions tumbles to 16% by the end of the private equity …
Read More Pennsylvania Contractor Ordered to Pay $85K Owed to 6 Workers on Federal Projects
An administrative law judge has ordered a Pennsylvania-based federal contractor to pay $85,284 in back wages for failing to pay prevailing wages, fringe benefits and overtime pay owed to workers employed on multiple federal construction projects, according to the U.S. …
Read More Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report
Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re’s latest Nat Cat report. The total economic loss from natural perils in the first three quarters of …
Read More Meta Must Face State Lawsuits Over Teen Social Media Addiction
Facebook parent company Meta must face lawsuits by U.S. states accusing it of fueling mental health problems among teens by making its Facebook and Instagram platforms addictive, a federal judge in California ruled on Tuesday. Oakland-based U.S. District Judge Yvonne …
Read More Progressive to Pay Policy Limits in Fatal Boat Crash That Involved Murdaugh’s Son
Progressive Insurance will pay $500,000, the policy limits, to the family of a young woman killed in a 2019 boat crash involving Alex Murdaugh’s youngest son, essentially ending the family’s legal actions in the tragedy. Progressive, which insured the boat …
Read More State Says Exiting Steward Health Lacks Required Insurance for Employees, Physicians
Thousands of Massachusetts medical professionals and other employees of troubled hospital operator Steward Health Care are at risk because Steward does not have adequate liability or workers’ compensation coverage in place to protect them after Steward’s exit from the state, …
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