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Insurance

Mississippi River Crests in East Iowa, Testing Barriers

By Hometown Insurance | May 3, 2023
BUFFALO, Iowa (AP) – Dale O’Donnell bought his small brick home only 100 yards or so from the Mississippi River because he enjoys watching the river and wanted a good view from his front porch. He got his money’s worth …
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Manhattan DA Brings Charges in Alleged Affordable Housing Construction Fraud

By Hometown Insurance | May 3, 2023
Manhattan District Attorney Alvin L. Bragg, Jr. announced indictments charging eight individuals and six companies with fraud and corruption within the construction industry, including conspiring to fraudulently use minority and women-owned business enterprises (MWBEs) as pass-through entities to obtain contracts …
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Nevada Puts March Winter Storm Costs at $10.6M

By Hometown Insurance | May 3, 2023
State emergency managers are projecting clean-up and repair costs of at least $10.6 million following severe winter storms that affected rural parts of Nevada in March. Nevada Division on Emergency Management spokeswoman Gail Powell said the amount is expected to …
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People Moves: Lockton Promotes 5 Key Leaders Into Global Roles; CFC Appoints Marino as Distribution Leader, USA

By Hometown Insurance | May 3, 2023
This edition of People Moves details appointments at the broker Lockton and the managing general agent CFC Underwriting. A summary of these new hires follows here. Lockton Promotes 5 Key Leaders Into Global Roles Lockton, the independent, privately held insurance …
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Louisiana Insurance Commissioner Fines McClenny Moseley $2M

By Hometown Insurance | May 3, 2023
Louisiana Insurance Commissioner James Donelon on Tuesday issued $2 million in fines against McClenny Moseley & Associates and three of its partners, the maximum amount allowed by law. “The illegal insurance scheme perpetrated by McClenny Moseley & Associates is frankly …
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People Moves: Hunter Joins Lockton Re in Stamford; Risk Strategies Names Rosenzweig in New York

By Hometown Insurance | May 3, 2023
Hunter Joins Lockton Re in New Stamford Location Jaimie Hunter has joined Lockton Re as a senior broker supporting client development with a focus on casualty business in North America. Hunter will be based in Lockton Re’s new Stamford, Connecticut …
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Richmond National to Expand Headquarters in Virginia

By Hometown Insurance | May 3, 2023
Richmond National Group, Inc., a specialty excess and surplus lines insurance company, said it will invest $350,000 to expand its headquarters in Virginia’s Henrico County. The company said it will add 7,200 square feet of office space to its existing …
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Markets/Coverages: Munich Re Specialty Offers ‘Green Solutions’ For Customers’ Net Zero Ambitions

By Hometown Insurance | May 3, 2023
Munich Re Specialty Group, the parent of Munich Re Syndicate, announced the launch of Green Solutions, a portfolio of insurance products and services that supports its customers’ net zero ambitions. The portfolio launches with an ambition to attain a leading …
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DeSantis vs. Disney: New Governing Board Countersues Entertainment Giant

By Hometown Insurance | May 3, 2023
Days after Disney sued Florida’s governor in federal court for what it described as retaliation for opposing the state’s so-called “Don’t Say Gay” bill, Disney World’s governing board – made up of Gov. Ron DeSantis appointees – filed a lawsuit …
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ChatGPT-Related Malware Is on the Rise, Meta Says

By Hometown Insurance | May 3, 2023
Facebook owner Meta said on Wednesday it had uncovered malware purveyors leveraging public interest in ChatGPT to lure users into downloading malicious apps and browser extensions, likening the phenomenon to cryptocurrency scams. Since March, the social media giant has found …
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