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Posts by Hometown Insurance

NFP Acquires Indiana’s Miller Insurance Group

By Hometown Insurance | October 9, 2024
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 …
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Pilot Dies as Small Plane Crashes Near Nebraska Airport

By Hometown Insurance | October 9, 2024
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 …
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NSA Investigating If Chinese Hackers Breached US Telecoms

By Hometown Insurance | October 9, 2024
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 …
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Verisk Says Helene’s Insured Losses Could Reach $11 Billion

By Hometown Insurance | October 9, 2024
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. …
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Executive Stole $4.8 Million From Compensation Program for Children Injured at Birth

By Hometown Insurance | October 9, 2024
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 …
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Insurance Broker Caught Pocketing $137K Commissions by Forging Policy Applications

By Hometown Insurance | October 9, 2024
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 …
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Hurricane Milton Bears Down on Florida’s Tampa Area With House-Toppling Winds

By Hometown Insurance | October 9, 2024
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 …
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Experts Predict Impacts of $25B+ Milton Hit to Insurers, Reinsurers

By Hometown Insurance | October 9, 2024
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 …
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Hurricanes Milton and Helene Expose Limits of US Flood Maps

By Hometown Insurance | October 9, 2024
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 …
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Home Security Firm ADT Reports Unauthorized Activity on Its Network

By Hometown Insurance | October 9, 2024
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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