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Insurance

Hill Group Acquires Indiana’s Howe-LaGrange and Reick Agencies

By Hometown Insurance | June 30, 2022
The Hilb Group announced that it has acquired Indiana-based Howe-LaGrange Insurance Agency and Reick Insurance Agency, expanding the company’s growing presence throughout Indiana and the Midwest. Based in LaGrange, Indiana, Howe-LaGrange and Reick Agencies have served the area for nearly …
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Getting the Measure of Inflation for the (Re)insurance Industry

By Hometown Insurance | June 30, 2022
This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. Since the early days of the COVID-19 pandemic, inflationary trends have captured news headlines around the world. Starting with the pandemic, by …
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FBI Opens Widening Investigation of Clergy Sex Abuse in New Orleans

By Hometown Insurance | June 30, 2022
The FBI has opened a widening investigation into sex abuse in the Roman Catholic Church in New Orleans going back decades, a rare federal foray into such cases looking specifically at whether priests took children across state lines to molest …
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Northern California Wildfire Threatens 500 Buildings

By Hometown Insurance | June 30, 2022
A wildfire that erupted in Northern California forced evacuations as it threatened about 500 homes and other buildings, authorities said. The Rices Fire erupted at around 2 p.m. near the Yuba River in Nevada County and had spread to more …
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Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models

By Hometown Insurance | June 30, 2022
Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for underwriting, reinsurance and regulatory requirements. The models are …
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China Digital Campaign Used Social Media to Target Mining Firms: Report

By Hometown Insurance | June 30, 2022
A pro-China propaganda campaign used fake social media accounts to try to stir up opposition, including protests, against mining firms that challenge China’s business interests, U.S.-based cyber-security firm Mandiant said on Tuesday. While politically motivated disinformation campaigns on social media …
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ReSource Pro Acquires Commercial Lines Technology Platform towerIQ

By Hometown Insurance | June 30, 2022
Insurance business services firm ReSource Pro reports it has completed its acquisition of towerIQ, a property/casualty insurance focused technology platform designed to streamline workflows and capture market data. ReSource Pro said the addition of the insurtech will allow its clients …
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New York Moves to Bolster Concealed-Carry Gun Laws

By Hometown Insurance | June 30, 2022
New York’s getting ready to go around a recent U.S. Supreme Court decision by making schools and subways no-gun zones and by making it more difficult to obtain a permit to carry a firearm. Across the country, Democrats in California …
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EU Antitrust Enforcers Accept Offer From Irish Insurers’ Association

By Hometown Insurance | June 30, 2022
EU antitrust enforcers accepted on Thursday an offer from Irish insurers’ association Insurance Ireland to open up its data sharing platform to non-members and apply fair criteria to access it aimed at averting a possible hefty fine. Last year, the …
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Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation

By Hometown Insurance | June 30, 2022
Turkey’s insurance association is in talks with the country’s Treasury on a potential inflation-indexed bond issue, the group’s head told Reuters, as insurers seek a new mechanism to protect their capital from soaring inflation. Turkey’s inflation rate hit 73.5% in …
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