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
Cracked Windshield Forces American Airlines Emergency Landing
A hail storm cracked the windshield of an American Airlines jetliner headed to Phoenix and forced it to divert to El Paso, Texas, Sunday night, officials said.
June 4, 2018
Excess & Surplus Lines
Arizona
Texas
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
Crane Collapses Upon Two Lauderhill, Florida Homes
A massive task was at hand Wednesday night as crews worked to dismantle a crane that somehow toppled over and fell on two homes in Lauderhill causing minor injuries to two people.
May 31, 2018
Excess & Surplus Lines
Liability
Property
Subrogation
Florida
Four Takeaways From The Roseanne Cancellation
On Tuesday afternoon, one of the strangest chapters in recent TV history came to a swift and ignominious end. In the wake of a racist Twitter post by Roseanne Barr, Roseanne, the sitcom revival turned latest front in an ongoing culture war, was canceled.
May 30, 2018
Excess & Surplus Lines
Liability
4 Killed, 13 Injured In Fiery Pileup On Louisiana Highway
A horrific crash on a Louisiana highway Saturday left several cars little more than a pile of ash and twisted metal. Four people were killed and 13 others were injured in the accident, which involved two tractor trailers and multiple cars, officials said.
May 29, 2018
Auto
Excess & Surplus Lines
Liability
Subrogation
Louisiana
How One Recalled SUV Destroyed $45M In Cars, Burned A Massive Ship, And Sparked A Legal Battle Between Ford And BMW
Mary didnt know anything was wrong with her old Ford SUV when it was loaded onto a container ship in Europe in mid-2015. But she found out the hard way when it caught fire below deck, taking $45 million worth of other cars with it, causing another $55 million in damage to the vessel and its cargo, and sparking a legal fight between two car companies and the U.S. Department of Justice that remains ongoing.
May 25, 2018
Excess & Surplus Lines
Liability
Litigation
Marine
Subrogation
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
Cyber Insurance Providers May Face Greater Risk Than Natural Disasters
Data increasingly shows that the cost of a massive cyberattack can be more costly than a hurricane.
May 24, 2018
Excess & Surplus Lines
Technology
Driver In Fatal New Jersey School Bus Crash Had 14 License Suspensions
The reported driver of the New Jersey school bus that collided with a dump truck last week, leaving two dead, has a long history of tickets, moving violations and license suspensions, the New Jersey Motor Vehicle Commission confirmed Tuesday.
May 24, 2018
Excess & Surplus Lines
Liability
Litigation
New Jersey
$40 Million Settlement In Seattle Helicopter Crash
Two men injured in the 2014 KOMO helicopter crash obtained a $40 million settlement yesterday. The settlement was reached during a trial spread over the course of five weeks.
May 23, 2018
Excess & Surplus Lines
Liability
Litigation
Oregon
Washington
Americans Survive Private Jet Crash In Honduras
A private jet carrying a group of Americans from Texas crashed off the end of the runway at Tegucigalpas airport Tuesday, but the crew and passengers were rescued, according to Honduras emergency management agency.
May 23, 2018
Excess & Surplus Lines
Liability
Texas
Utah
Michigan Auto Parts Plant Fire: $8 Million In Losses
An explosion during an auto parts plant fire that ultimately stopped production of the Ford F-150 was so violent that it threw a worker through the air into a door jamb. Vehicles in the parking lot caught fire and were damaged by flying debris.
May 22, 2018
Excess & Surplus Lines
Property
Workers' Compensation
Michigan
Lava Creeps Onto Geothermal Plant Site On Hawaiis Big Island
Molten lava from the erupting Kilauea Volcano on Hawaiis Big Island crept onto a geothermal power plant site on Monday, as workers rushed to shut down the facility to prevent the uncontrollable release of toxic gases.
May 22, 2018
Excess & Surplus Lines
Property
Hawaii
The Challenge With Insuring Autonomous Ships
The large body of regulations known as maritime law should be addressed before or in concert with insurance considerations when it comes to autonomous vessels, British Columbia-based author Blake Desaulniers told Canadian Underwriter last week.
May 21, 2018
Excess & Surplus Lines
Legislation & Regulation
Technology



