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Insurance

People Moves: Lewis Brisbois Expands Midwest Products Liability Capabilities; Alera Group Promotes Floyd to SVP

By Hometown Insurance | February 16, 2023
Lewis Brisbois Expands Products Liability Capabilities in Midwest with Experienced Litigation Team in St. Louis Lewis Brisbois is pleased to welcome Rick Mueller and Heather F. Counts to its St. Louis, Missouri office as partners in the firm’s products liability …
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Two Missouri Residents Plead Guilty to $1.2M Insurance Fraud Conspiracy

By Hometown Insurance | February 16, 2023
Two Columbia, Mo., residents pleaded guilty in federal court to their roles in a $1.2 million insurance fraud conspiracy that involved false claims of injuries suffered in car accidents. Latoya Marie Brown, 37, who also lived in the Kansas City, …
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Former Michigan Insurance Agent Convicted of Filing False Tax Returns

By Hometown Insurance | February 16, 2023
A former Michigan insurance agent was convicted of filing false tax returns and making false statements to both a bankruptcy court and the Department of Justice. According to court documents and evidence presented at trial, Donald Stanley LaVigne, formerly of …
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Louisiana Suit Alleges Police Killed Fleeing Black Man

By Hometown Insurance | February 16, 2023
SHREVEPORT, La. (AP) – Family members of Alonzo Bagley, a Black man who was killed as he tried to flee police responding to a disturbance call, have filed a $10 million lawsuit against the officer who shot him. The federal …
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Houston Law Firm Paid Almost $14M for ‘Prescreened’ Client Leads

By Hometown Insurance | February 16, 2023
The McClenny Moseley law firm agreed to pay $3,000 to $3,500 in advance for each prospective client referred to it by a marketing firm, at a total cost of nearly $14 million, according to documents submitted this week to a …
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G20 Watchdog to Tackle ‘Vulnerabilities’ in Decentralized Finance After FTX Collapse

By Hometown Insurance | February 16, 2023
The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in decentralized finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers …
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People Moves: MGA Rokstone Names Heaton From Nexus as Head of D&O; RSA Hires CNA Hardy’s Westwood for Cyber Underwriting Team

By Hometown Insurance | February 16, 2023
This edition of International People Moves details appointments at the UK-based MGA Rokstone and RSA Insurance. A summary of these new hires follows here. MGA Rokstone Names Heaton as Head of D&O Rokstone, the London-based international speciality re/insurance MGA, part …
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Google Case at Supreme Court Risks Upending the Internet as We Know It

By Hometown Insurance | February 16, 2023
An upcoming Supreme Court case could answer one of the toughest questions of the internet age: Should online companies be held responsible for promoting harmful speech? The case, Gonzalez v. Google, could upend the modern internet economy, sparing no online …
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Litigation Funders Deployed $3.2B in U.S. Investments Last Year

By Hometown Insurance | February 16, 2023
44 active funders in the U.S. market had a combined $13.5 billion in assets under management Annual report provides a rare look into industry’s scope Companies that finance U.S. commercial lawsuits in exchange for a cut of any recoveries upped …
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Insurer Faces Class Action for Depreciating Labor in Actual Cash Value Payments

By Hometown Insurance | February 16, 2023
Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against the insurer, alleging Trumbull has been incorrectly calculating some property claim payments by deducting labor depreciation. The complaint (Grawe v …
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