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Insurance

USI Insurance Services Acquires Texas’ Hignojos Insurance Agency

By Hometown Insurance | May 6, 2024
USI Insurance Services announced the acquisition of Odessa, Texas-based Hignojos Insurance Agency. Founded in 2009, Hignojos Insurance Agency is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of the transaction were not disclosed.
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Google Trial Wraps Up as Judge Weighs Landmark US Antitrust Claims

By Hometown Insurance | May 6, 2024
Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet.” U.S. …
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Oil Majors Offered Faster Nigerian Exit if They Pay for Cleanup, Compensation

By Hometown Insurance | May 6, 2024
Major oil companies, such as Exxon Mobil and Shell, that aim to exit Nigeria’s onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame, the regulator said …
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Georgia Governor Signs First Responders’ PTSD Benefits Bill Into Law

By Hometown Insurance | May 6, 2024
Starting in January, Georgia’s first responders will be eligible for limited, supplemental benefits to help cover treatment for post-traumatic stress disorder, after Gov. Brian Kemp signed House Bill 451 into law. The law requires municipalities and other jurisdictions to provide …
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SEC Warns Robinhood That Its Crypto Business Faces Lawsuit

By Hometown Insurance | May 6, 2024
The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets. Robinhood, which is …
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Maryland Hopes to Rebuild Baltimore Bridge for $1.9B With Insurance, Federal, Other Funds

By Hometown Insurance | May 6, 2024
Maryland plans to rebuild the Francis Scott Key Bridge in just over four years at an estimated cost between $1.7 billion and $1.9 billion, a state transportation official said Thursday. The state plans to build a new span by fall …
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Mississippi City Councilman Pleads Guilty to Selling Doctored CBD Products

By Hometown Insurance | May 6, 2024
GULFPORT, Miss. (AP) — A Mississippi city council member pleaded guilty to federal charges after running a multimillion-dollar illegal drug business, prosecutors said last week. Biloxi City Council member Robert Leon Deming, III, 47, reached a plea agreement with the …
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Red Sea Disruption to Shipping Could Cut Asia-Europe Capacity by 20%: Maersk

By Hometown Insurance | May 6, 2024
Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between Asia and Europe by up to 20% in the second quarter. Maersk and other shipping companies have diverted vessels around …
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NC News Chopper Crash Likely Caused by Shaky Inspections, Loose Parts, NTSB Finds

By Hometown Insurance | May 6, 2024
CHARLOTTE, N.C. (AP) — Investigators found disconnected and missing hardware aboard a helicopter that crashed in 2022, killing the pilot and a North Carolina television station’s meteorologist, according to the National Transportation Safety Board. The NTSB’s final report on the …
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Arthur J. Gallagher & Co. Buys Health Insurance Consultants Australia

By Hometown Insurance | May 6, 2024
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA). Terms of the transaction were not disclosed. HICA is a specialist health insurance consultancy and brokerage firm serving corporate …
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Recent Posts

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