Posts by Hometown Insurance
NFP Acquires Indiana’s Miller Insurance Group
NFP, an Aon company and property and casualty (P&C) broker, benefits consultant, wealth manager and retirement plan advisor, announced the acquisition of Richard S. Miller & Sons, Inc. dba Miller Insurance Group (MIG), a P&C and benefits agency with multiple …
Read More Pilot Dies as Small Plane Crashes Near Nebraska Airport
NORFOLK, Neb. (AP) — The pilot of a small airplane died in a crash near the runway of the airport in Norfolk, Nebraska. Norfolk police said the crash was reported at 7:39 p.m. Monday, about a half-mile south of the …
Read More NSA Investigating If Chinese Hackers Breached US Telecoms
The US is in the early stages of an investigation into potential Chinese hacking of American telecommunications companies, according to a top intelligence official. National Security Agency Director General Timothy Haugh said the NSA, along with other government agencies and …
Read More Verisk Says Helene’s Insured Losses Could Reach $11 Billion
Catastrophe modeler Verisk predicted wind, storm surge and flooding from last month’s Hurricane Helene will cause insured losses of between $6 billion and $11 billion. The estimate does not include losses to the National Flood Insurance Program (NFIP), Verisk added. …
Read More Executive Stole $4.8 Million From Compensation Program for Children Injured at Birth
A Virginia man pled guilty to embezzling funds from his former employer, a fund that provides financial assistance to families of infants who suffer from brain or spinal cord injuries, reports the U.S. Attorney for Eastern Virginia. According to court …
Read More Insurance Broker Caught Pocketing $137K Commissions by Forging Policy Applications
An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those clients’ personal and banking information to pay for those policies, was sentenced …
Read More Hurricane Milton Bears Down on Florida’s Tampa Area With House-Toppling Winds
Hurricane Milton churned toward Florida’s west coast with winds powerful enough to demolish houses, threatening to unleash once-in-a-century flooding across some of the state’s fastest-growing counties. Milton’s top winds dropped slightly to 155 miles (250 kilometers) per hour, making it …
Read More Experts Predict Impacts of $25B+ Milton Hit to Insurers, Reinsurers
A wide cone of uncertainty surrounds insurance experts’ pre-landfall predictions about the state of the industry that will prevail in the aftermath of Hurricane Milton, with most viewing it as a $20 billion-plus loss event. Amid the volumes of commentary …
Read More Hurricanes Milton and Helene Expose Limits of US Flood Maps
Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast US, it’s already clear that federal flood-risk maps underpinning decisions by millions of American homeowners and businesses are severely out of sync with a new …
Read More Home Security Firm ADT Reports Unauthorized Activity on Its Network
Home security firm ADT Inc said on Monday an unauthorized actor had illegally accessed its network using credentials obtained through a third-party business partner. Shares of the company fell 1.8% after the bell. Monday’s incident comes just months after the …
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