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California’s Cannabis Insurance Marketplace Continues To Grow With Commissioner’s 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 didn’t 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

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

Insurance’s Flawed Business Model

At its core, the industry is plagued by an inherent conflict of interest. Our customers don’t 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 2014—2017. 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 Bureau’s (NICB) 2017 watercraft theft report shows a 5 percent decrease and resumes the downward trend in thefts that was broken by 2016’s 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 Attorney’s (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 April’s 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
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