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Insurance

Markets/Coverages: Legal & Contingency Launches EV Charging Site Insurance for England and Wales

By Hometown Insurance | February 28, 2024
Legal & Contingency Ltd. (L&C), the London-based MGA that specializes in underwriting legal indemnities and title risks, announced the launch of an insurance policy which will cover the installation of electric vehicle charging points in England and Wales. The “Electric …
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People Moves: Alabama, NC DOIs Name Two to Key Positions

By Hometown Insurance | February 28, 2024
Two state insurance departments have named new people to high-level positions. North Carolina Insurance Commissioner Mike Causey this week announced that Amy Funderburk, a longtime attorney for a number of state government agencies and a credit union, will take over …
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People Moves: Markel’s Colosimo Joins CRC; Risk Strategies Consulting Names Piltch

By Hometown Insurance | February 27, 2024
CRC Group, headquartered in Birmingham, Alabama, hired Vince Colosimo as executive vice president in the company’s New York City downtown office. Colosimo will assume the role of office president in mid-2025, with current Office President Fred Curatolo taking on a …
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People Moves: Ardonagh’s Price Forbes Taps Horler From Lockton as Deputy CEO; Marsh Names Fort From McGill and Partners as Int’l Cyber Product Leader

By Hometown Insurance | February 27, 2024
This edition of International People Moves details appointments at the brokers Price Forbes and Marsh. A summary of these new hires follows here. Ardonagh’s Price Forbes Taps Horler From Lockton as Deputy CEO Sarah Horler has been appointed as Price …
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Family Dollar to Pay $41M Fine Over Rodent-Infested Distribution Center

By Hometown Insurance | February 27, 2024
Family Dollar agreed this week to pay $41.7 million for holding food, drugs, medical devices, and cosmetics under insanitary conditions at company’s West Memphis, Arkansas, distribution center. A criminal information unveiled Feb. 26 in federal court in Little Rock, Arkansas, …
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Iowa Meat Processing Plant Accused of Illegally Hiring Children

By Hometown Insurance | February 27, 2024
DES MOINES, Iowa (AP) — U.S. authorities have accused another sanitation company of illegally hiring at least two dozen children to clean dangerous meat processing facilities, the latest example of illegal child labor that officials say is increasingly common. The …
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Illinois Insurance Agent Sentenced to 7 Years in Prison for Swindling Premiums

By Hometown Insurance | February 27, 2024
The owner of a suburban Chicago insurance agency has been sentenced to seven years in federal prison for swindling more than $1 million from clients by collecting annuity premiums for policies that he never purchased, the U.S. Attorney’s Office, Northern …
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Six Charged in Alleged $1M Auto Insurance Claims Scheme in Massachusetts

By Hometown Insurance | February 27, 2024
Six people have been indicted in connection with the alleged filing of fraudulent insurance claims through their auto body repair business in Everett, Massachusetts. Four of the defendants were arraigned this week in Middlesex Superior Court, while two others also …
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Signers National, Acrisure Mark Expansions in Southeast

By Hometown Insurance | February 27, 2024
Signers National, the New York-based parent of several insurance companies, said it has acquired Ballantyne Insurance Group in Charlotte, North Carolina. Ballantyne specializes in coverage for human service organizations. It is own by William Bradley, who will stay on as …
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IVF Clinic Insurance Affected by Ruling as Alabama Lawmakers Look for a Fix

By Hometown Insurance | February 27, 2024
MONTGOMERY, Ala. (AP) — Lawmakers began scrambling for ways to protect Alabama in vitro fertilization services after multiple providers paused treatment in the wake of a state Supreme Court ruling that frozen embryos could be considered children under a state …
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