Californias Cannabis Insurance Marketplace Continues To Grow With Commissioners Latest Approval
Insurance Commissioner Dave Jones announced today he has approved the first Cannabis Business Owners Policy (CannaBOP) in the State of California. The American Association of Insurance Services (AAIS) designed the new CannaBOP program for cannabis dispensaries, storage facilities, processors, manufacturers, distributors, and other cannabis-related businesses operating in the state.
June 5, 2018
Excess & Surplus Lines
Liability
Property
California
Weinstein’s Clash With Insurance Companies Rages On
Already at the mercy of mounting legal bills, embattled former film producer Harvey Weinstein also has to contend with his insurers - which have not only denied him coverage for legal costs, but have also launched lawsuits of their own against him.
May 31, 2018
Excess & Surplus Lines
Liability
Litigation
California
Blame It On The Fried Chicken: $4M Fraud Ring Busted
Tyler Chen, 46, and his wife, Kim, 45, were arraigned in court yesterday in the Santa Clara County Superior Court following their arrest on multiple felony counts of insurance fraud and arson for their role in allegedly setting fires in a fraud scheme scamming five insurance companies out of $4 million.
May 31, 2018
Fraud
Property
California
A Dozen Thieves Involved In Beverly Hills Smash-And-Grab
Police are looking for at least a dozen thieves who drove up to a pricey storefront in Beverly Hills, California, and bashed in the windows before making off with armfuls of designer clothes.
May 30, 2018
Property
California
California Bill To Retroactively Aid Wildfire Victims Advances
The state Senate on Tuesday passed legislation giving fire victims who lost their homes in October more flexibility under their insurance policies to rebuild, though a related measure remains stymied by industry opposition in the chamber.
May 30, 2018
Legislation & Regulation
Property
California
Tesla In Autopilot Mode Crashes Into Parked Police Cruiser
LOS ANGELES The latest crash involving a Tesla in Autopilot mode didnt turn tragic, as some past ones have, but certainly was embarrassing.
A Tesla Model S veered into a parked police cruiser Tuesday, severely damaging both vehicles in Laguna Beach, Calif., a coastal community south of Los Angeles.
May 30, 2018
Auto
Liability
California
A Tesla Model S veered into a parked police cruiser Tuesday, severely damaging both vehicles in Laguna Beach, Calif., a coastal community south of Los Angeles.
NTSB Advocates For Seat Belts On School Buses In Wake Of Fatal Wrecks
For the first time, the National Transportation Safety Board is recommending all new school buses be equipped with lap and shoulder seat belts, after the agency released findings from a special investigation report prompted by two deadly 2016 crashes.
May 24, 2018
Excess & Surplus Lines
Legislation & Regulation
Alabama
Alaska
Arizona
Arkansas
California
Insurances Flawed Business Model
At its core, the industry is plagued by an inherent conflict of interest. Our customers dont have an industry expert advocating solely on their behalf; the experts have financial incentives coming from the insurance industry.
May 24, 2018
Risk Management
Alabama
Alaska
Arizona
Arkansas
California
Uber Shuts Arizona Self-Driving Program Two Months After Fatal Crash
Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday.
May 24, 2018
Legislation & Regulation
Liability
Technology
Arizona
California
Pennsylvania
Animal-Related Insurance Claims Top 1.7M In Four Years
The National Insurance Crime Bureau (NICB) today released a study on the number of animal-related insurance losses for the years 20142017. The data is gleaned from insurance claims for losses that occurred in all 50 states plus the District of Columbia.
May 23, 2018
Auto
Alabama
Alaska
Arizona
Arkansas
California
Driver Dead After Tesla Model S Crash In Castro Valley, California
At least one person is dead after a Tesla Model S was found in a pond at a property in unincorporated Alameda County on Sunday night, according to the California Highway Patrol.
May 21, 2018
Auto
Liability
California
U.S. Watercraft Thefts Resume Downward Trend
The National Insurance Crime Bureaus (NICB) 2017 watercraft theft report shows a 5 percent decrease and resumes the downward trend in thefts that was broken by 2016s slight increase.
May 17, 2018
Marine
California
Florida
Woman Killed In 'Suspicious Explosion At Aliso Viejo Office Building
A woman was killed in an explosion that rocked an Aliso Viejo medical office building Tuesday afternoon. Authorities called the explosion suspicious but did not reveal many further details.
May 16, 2018
Property
California
13 Arrested In Merced County, California Auto Insurance Fraud Ring
Joanna Tucker, 29, from Livingston, was described by Merced County District Attorneys (DA) office investigator Sheri Carpenter as the "ringleader" of the scam and directly involved in 19 of the 20 claims.
May 15, 2018
Auto
Fraud
Liability
California
Insurers Expected To Pay $1.5B For Aprils Severe Weather
A catastrophe report has found that the US re/insurance sector is on the hook for more than half of the total economic loss in April resulting from severe convective weather such as thunderstorms and tornados.
May 10, 2018
Auto
Catastrophe
Property
Alabama
Alaska
Arizona
Arkansas
California



