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Insurance

World Insurance Company Pensionmark Acquiring Xponential in California

By Hometown Insurance | April 21, 2023
Pensionmark acquired Xponential Growth Solutions in San Diego, California. Terms of the deal were not disclosed. XGS is a retirement benefits consultant. Pensionmark is a World Insurance Associates LLC company. Pensionmark is an investment adviser.
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Markets/Coverages: Marsh Launches Global Facility Backed by QBE for All Major Classes

By Hometown Insurance | April 21, 2023
Insurance broker Marsh announced the launch of “Fast Track,” an insurance facility that will bring a substantial amount of additional “follow form” capacity to its clients globally across major lines of business. Fast Track will be backed by a panel …
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About a Dozen Freight Train Cars Derail South of Chicago

By Hometown Insurance | April 21, 2023
BLUE ISLAND, Ill. (AP) – About 15 cars of a freight train derailed Wednesday night just south of Chicago. No injuries or leaks were reported and no hazardous materials were involved in the derailment around 9:30 p.m. in Blue Island, …
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Louisiana Energy Company Agrees to $3.1M Settlement Over 2017 Oil Leak

By Hometown Insurance | April 21, 2023
NEW ORLEANS (AP) – A Louisiana energy company has reached a tentative $3.1 million settlement with the federal government over a 2017 Gulf of Mexico oil leak. The agreement, called a consent decree, was filed in federal court in New …
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People Moves: Ryan Specialty Names Kendall as Deputy Chief Compliance Officer

By Hometown Insurance | April 21, 2023
Ryan Specialty Holdings has announced that Sara Kendall has joined Ryan Specialty as deputy chief compliance officer. Kendall will support and assist with managing the firm’s global strategic initiatives on ethics, compliance, privacy, and risk management. Kendall’s primary focus is …
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People Moves: NavSav Names James as Senior VP of Sales

By Hometown Insurance | April 21, 2023
NavSav Insurance has announced the appointment of Matt James as the new senior vice president of sales. With over 15 years of leadership experience in insurance and financial services, James brings a wealth of expertise to NavSav. James assumes the …
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Cloud Seeding Catching on Amid Rocky Mountain Drought

By Hometown Insurance | April 21, 2023
Garrett Cammans and his brothers sometimes don’t talk about their toughest moments on the job in the cloud seeding business, like the time when one of them got stuck in deep mountain snow and had to hike out alone in …
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‘Rust’ Reboots After Fatal New Mexico Movie Set Shooting

By Hometown Insurance | April 21, 2023
Filming on the Western movie “Rust” could resume this week in Montana, the production company said Wednesday, in the aftermath of the fatal shooting of a cinematographer during a rehearsal with actor Alec Baldwin on the original production in New …
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UK’s Digital Broker INSHUR Acquires U.S. Transportation Agency ABI; Raises $26 Million

By Hometown Insurance | April 21, 2023
INSHUR, a United Kingdom-based global on-demand insurance provider, has acquired American Business Insurance Services in order to expand its operations across the U.S. The company also reported that it completed a capital raise of $26 million, which was supported by …
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American Bar Association Has Network Breach

By Hometown Insurance | April 21, 2023
The American Bar Association said an unauthorized third-party gained access to usernames and passwords used by members to access an old website of the association. The ABA said in a statement there is no evidence the personal information obtained was …
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