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Insurance

Latin American Agents Offer Membership to USF Insurance Students

By Hometown Insurance | January 30, 2024
The Latin American Association of Insurance Agents has teamed up with the University of South Florida to expand awareness of insurance industry trends, best practices and emerging technology, for students as well as professionals. LAAIA said in a news release …
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Virginia Police Officer Denied Workers’ Compensation Despite Statutory Presumption

By Hometown Insurance | January 30, 2024
A Virginia police officer has been denied workers’ compensation benefits for a heart condition despite the state law that his condition is presumed to be work-related. The Virginia Workers’ Compensation Commission (VWCC) has ruled that the officer’s public university employer, …
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Microsoft Warns Other Firms of Russian-Sponsored Group in Email Hacking

By Hometown Insurance | January 30, 2024
Microsoft Corp. said an account that was compromised by Russia-linked hackers, resulting in a hack of some company emails including senior leaders, didn’t have multifactor authentication enabled. The hackers “tailored their password spray attacks to a limited number of accounts, …
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Markets/Coverages: Insurtech BOXX Partners With AXA to Offer Cyber Risk Mitigation for Small Businesses

By Hometown Insurance | January 30, 2024
BOXX Insurance, the Toronto-based cyber insurtech and managing general agent, has announced the launch of a cyber risk mitigation solution in collaboration with AXA, aimed at providing crucial support to small businesses. Recognizing the critical need for comprehensive protection against …
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People Moves: Lezynski Joins Alliant Americas in New Jersey From USI

By Hometown Insurance | January 30, 2024
Michael Lezynski has joined Alliant Insurance Services, headquartered in Irvine, California, as executive vice president within the company’s Alliant Americas division. Based in Red Bank, New Jersey Lezynski will be responsible for growth and expansion in the New Jersey and …
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Mississippi Lawmakers Approve Incentives for 2 Large Amazon Data Centers

By Hometown Insurance | January 30, 2024
JACKSON, Miss. (AP) — Mississippi lawmakers met in special session last week and quickly approved job training money and other state incentives to support a plan by Amazon Web Services to spend $10 billion to build two data centers in …
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Former Prominent Georgia Labor Lawyer Who Shot Wife Sentenced to 8 Years

By Hometown Insurance | January 30, 2024
ATLANTA (AP) — A once-prominent labor and employment attorney who fatally shot his wife in 2016 as they rode in an SUV pleaded guilty to a charge of involuntary manslaughter and was sentenced to eight years in prison as part …
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Generali to Return €500 Million to Investors in Share Buyback

By Hometown Insurance | January 30, 2024
Assicurazioni Generali SpA will return €500 million [$541.4 million] to shareholders, following acquisitions last year that are set to boost its non-life and asset management businesses. The share buyback plan will be submitted for shareholder approval in April and started …
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Agency M&A Down 24% in 2023 but More Large Deals May Be Seen in 2024: OPTIS

By Hometown Insurance | January 30, 2024
There has been a somewhat return to normal when it comes to insurance-agency mergers and acquisitions, with traditionally active buyers preferring to remain inactive to focus on integration of agencies they’ve already acquired. According to the M&A database of investment …
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EU Reinforces Tight Limits on Crypto Firms From Outside Bloc

By Hometown Insurance | January 30, 2024
Crypto companies based outside the EU will only be able to directly serve customers within the bloc under very limited conditions to avoid unfair competition, the European Securities and Markets Authority (ESMA) proposed on Monday. The EU approved the world’s …
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