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Insurance

Inszone Expands in Texas With Acquisition of Speck Insurance

By Hometown Insurance | August 9, 2023
Inszone Insurance Services, a national provider of benefits, personal, and commercial lines insurance, announced the acquisition of Speck Insurance and Financial Services. Terms were not disclosed. The acquisition includes all operations of Speck Insurance and Financial Services, a personal and …
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NC DOI Arrives at 4.5% Increase in Auto Rates for Next Two Years, 9.9% on Dwelling

By Hometown Insurance | August 9, 2023
North Carolina’s insurance commissioner has negotiated a smaller increase on auto insurance rates than the state’s rating agency had requested. The North Carolina Rate Bureau in February requested an average increase of 28.4% for private passenger auto insurance and a …
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Michigan’s CMS Energy to Explore Sale of 13 Hydroelectric Dams

By Hometown Insurance | August 9, 2023
CMS Energy Corp’s unit Consumers Energy said on Wednesday it will explore the sale of its 13 hydroelectric dams, as the energy provider looks to minimize the cost burden on customers. The utility service provides natural gas and electricity to …
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Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion

By Hometown Insurance | August 9, 2023
Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees using unofficial communications like WhatsApp, personal texts or email to conduct business — the latest in US …
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Delaware’s Navarro Warns Producers Not to Blame DOI for Higher Premiums

By Hometown Insurance | August 9, 2023
The Delaware Department of Insurance is not forcing insurers to raise premiums, and anyone who says otherwise could lose their license and face fines of $10,000, the department warned in a bulletin this week. “The department continues to regularly receive …
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Biden’s Carbon Proposal is Unworkable, Power Sector Warns

By Hometown Insurance | August 9, 2023
U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Top utility trade …
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Divers Find 32 Cars Submerged in Lake Near Miami

By Hometown Insurance | August 9, 2023
Divers working missing persons’ cold cases have found 32 cars submerged in a lake near Miami, prompting questions about the vehicles’ connection to crimes. Multiple news outlets reported that the cars were found in murky lake in Doral, near the …
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TWIA Board Votes Down Recommended Rate Increases

By Hometown Insurance | August 9, 2023
Though an analysis found rates at Texas’ insurer of last resort to be about 20% inadequate, its board on Tuesday did not come to an agreement to file for any rate increases. The board of the Texas Windstorm Insurance Association …
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Bursting Ice Dam in Alaska Highlights Risks of Glacial Flooding

By Hometown Insurance | August 9, 2023
The gray, two-story home with white trim toppled and slid, crashing into the river below as rushing waters carried off a bobbing chunk of its roof. Next door, a condo building teetered on the edge of the bank, its foundation …
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Trial Begins for Security Guard Who Shot Man in Shootout at Nashville Restaurant

By Hometown Insurance | August 9, 2023
A security guard charged with second-degree murder over a 2018 fatal shooting outside the Nashville restaurant where he was working headed to trial Monday, a case that hinges on whether he was justified to fire at a man involved in …
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Recent Posts

  • People Moves: Severino Joins Alliant’s Midwest Benefits Team; Doubtless Names Wiley as Regional President for North America
  • AM Best Withdraws Credit Ratings of Hartland Mutual
  • FTC, USDA Seek Comment on Farm Equipment Market Practices
  • Sanlam’s $1.2 Billion Bid for Santam Would Give More Freedom to Deploy Capital
  • Markets/Coverages: Aviva to Enter US Specialty Market in Q4

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