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Insurance

NFP Acquires Dublin-Based Life & Health Adviser, Tailored Finance Ltd.

By Hometown Insurance | November 16, 2022
NFP, the New York City-based property/casualty insurance broker and consultant, announced the acquisition of Dublin-based health and life insurance adviser, Tailored Finance Ltd. This is NFP’s first healthcare-focused acquisition in the Irish market, expanding its portfolio of services and solutions. …
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UK Insurtech, Send Technology, Raises £9 Million to Expand in UK and U.S.

By Hometown Insurance | November 16, 2022
Send Technology Solutions Ltd., the London-based insurtech, announced it has closed a Series A funding investment of £9 million ($10.7 million). The round was led by Venture Capital firm Breega with participation from Mercia and will enable Send to accelerate …
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EU Monitors FTX Collapse as Major Crypto Law Enters Final Stages

By Hometown Insurance | November 16, 2022
The European Union is monitoring the collapse of crypto exchange FTX Group as the bloc tries to cross the finish line on adopting a broader set of regulations for digital assets. The bloc is examining whether the crisis has any …
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UK Government in Advanced Talks With Regulators on Insurance Capital Reforms

By Hometown Insurance | November 16, 2022
The UK government is close to an agreement with regulators over insurance capital reforms intended to release billions of pounds of investment into the economy. Jeremy Hunt, the Chancellor of the Exchequer, will announce the details as part of the …
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U.S. Charges Suspect Linked to Notorious Ransomware Gang

By Hometown Insurance | November 16, 2022
A man who authorities say participated in a ransomware campaign that extracted tens of millions of dollars from victims has been charged in the United States, the Justice Department announced Thursday. Mikhail Vasiliev, a dual national of Russia and Canada, …
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Directors of Florida’s Largest Homeowners Association Charged with Millions in Theft

By Hometown Insurance | November 16, 2022
Current and former Board members at Florida’s largest homeowners’ association were arrested Tuesday, charged with taking millions of dollars from the association over several years. It’s the latest development in a drama that last year saw the arrest of the …
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10 in Miami Charged with Cheating on Elevator Safety Certificate Exams

By Hometown Insurance | November 16, 2022
Elevator mechanics in Florida by regulation are required to take exams to show their competency. But Miami prosecutors said at least 10 people were involved in a scheme that had someone else take the test for some technicians, allowing them …
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Lawsuit: 2 Wyoming Mental Patients Dead, Procedures Ignored

By Hometown Insurance | November 16, 2022
Two Wyoming State Hospital patients died while staff at the mental health institution failed to follow procedures in a series of choking, neglect and medication error incidents over the past four months, a lawsuit alleges. Protection & Advocacy System Inc. …
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Lawyers Barred From Madison Square Garden Score Partial Victory

By Hometown Insurance | November 16, 2022
A judge granted a partial victory on Monday to a lawyer who sued Madison Square Garden after he and his colleagues were barred from the Garden and other MSG-owned venues because their firm represents a group suing the company. State …
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Understory, Skyward Specialty Launch Insurance Captive Solution for Auto Dealer Market

By Hometown Insurance | November 15, 2022
Understory Inc. a Madison-Wisconsin provider of innovative insurance solutions for climate risk, and Skyward Specialty Insurance Group Inc., a Houston-based specialty insurance company, have partnered to launch a new insurance solution to help U.S. automotive dealerships control the rising cost …
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