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Insurance

Inszone Acquires Kansas’ Snell-Nelson Insurance Agency

By Hometown Insurance | July 17, 2025
Inszone Insurance Services announced that it has acquired Snell-Nelson Insurance Agency, Inc, an agency based in Ashland, Kansas, with additional operations throughout Kansas and Oklahoma. Established in 1985 by Monica Meininger, Snell-Nelson Insurance Agency has built a reputation with clients …
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Cybersecurity Bosses Grow Increasingly Worried About AI Attacks and Misuse

By Hometown Insurance | July 17, 2025
Nearly a quarter of cybersecurity bosses said their companies have experienced an attack powered by artificial intelligence in the past year, according to a new survey in which AI risk emerged as the defining challenge. The number of AI-enabled attacks …
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Illinois Woman Sentenced to 15 Years for Insurance Fraud and Arson Scheme

By Hometown Insurance | July 17, 2025
A district judge this month sentenced sentenced Evette “Betty” Osuegbu, 62, of Granite City, Illinois to 15 years in federal prison for her role in a string of arsons and insurance fraud stretching from 2014 to 2023. Following a five-day …
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Markets/Coverages: Price Forbes Adds Construction Capacity to Cross-Class Facility

By Hometown Insurance | July 17, 2025
Price Forbes, the London-based re/insurance broker, announced the further expansion of its exclusive cross-class facility, Lectio, to include construction/builders risk coverage. Lectio will automatically follow pre-approved Lloyd’s leaders across placements for short-period construction within the U.S., Canada and Australia. Price …
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Tesla Failed to Stop Autopilot Misuse, Safety Expert Testifies

By Hometown Insurance | July 17, 2025
Tesla Inc. hasn’t done enough to protect against drivers misusing its Autopilot system, a safety expert testified at a trial over a 2019 fatal collision. Mary “Missy” Cummings, an engineering professor at George Mason University, told jurors in Miami federal …
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Patriot Growth Adds Florida-based Legacy Insurance to the Team

By Hometown Insurance | July 17, 2025
Patriot Growth Insurance Services, a national insurance brokerage and partnership platform, has announced another team member: Florida-based Legacy Insurance Solutions. Legacy is a family-founded insurance agency with offices in Tallahassee and Palm Beach Gardens. It was founded in 2011. Brand …
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Allstate Expects Another $2B Catastrophe Losses in Q2

By Hometown Insurance | July 17, 2025
Prior to reporting second-quarter results later this month, Allstate said today it expects slightly lower catastrophe losses in the second quarter, and estimated the bill to be nearly $2 billion. In reporting monthly catastrophe losses, Allstate estimated $619 million from …
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Marsh McLennan Reports Q2 Organic Revenue Growth of 4%, Down From Q2 2024

By Hometown Insurance | July 17, 2025
Marsh McLennan reported consolidated revenue during the second quarter of 2025 of $7.0 billion, an increase of 12% from $6.2 billion in Q2 2024, with underlying (organic) revenue growth of 4%, compared with an increase of 6% in Q2 2024. …
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A Look Inside the Tenn. Lab Making Advanced Fuel for US Nuclear Ambitions

By Hometown Insurance | July 17, 2025
OAK RIDGE, Tenn. (AP) — Near signs that warn of radioactive risk at Oak Ridge National Laboratory, a half-dozen workers from the nuclear power company X-energy are making what appear to be gray billiard balls. Inside, they’re packed with thousands …
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FAA Updates Altitudes, Changeover Points for Safe Airspace Navigation in Alaska

By Hometown Insurance | July 17, 2025
The Federal Aviation Administration has issued a final rule amending the instrument flight rules (IFR) altitudes and changeover points for several Federal airways, jet routes, and direct routes in Alaska. These changes are part of routine updates to ensure safe …
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