National Section

Near National P/C Carriers Identified for 2014

The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported …

High on Marijuana Insurance

Specialty brokers looking to get insurers hooked on emerging industry The legal marijuana industry in the United States is experiencing tremendous growth. Legal cannabis markets in the United States are expected to grow 700 percent over the next five years, …

The Impact of Prior Work Exclusions and Sunset Provisions in CGL Policies

The commercial general liability (CGL) occurrence form policy is like a row of briefcases each filled with $1 million. Inscribed on the front of each briefcase is a year representing a specific annual policy period. Each briefcase has a combination …

Why a Wall Street Model Is Needed

By all accounts, America’s emerging cannabis industry is looking very promising and is shaping up to be the country’s biggest business experiment of the 21st century. But the mushrooming niche sector could quickly prove to be the proverbial bull in …

Business Moves

USI, Willis USI Insurance Services has entered into an agreement with certain subsidiaries of Willis North America Inc., part of Willis Group Holdings, to acquire seven of Willis’ retail insurance brokerage locations across the United States. Terms of the transaction …

Changes in Washington

Groups that favor the legalization of marijuana say they are seeing positive developments at the federal level in Washington. U.S. Attorney General Eric Holder told lawmakers during a House Appropriations Committee hearing in April that the Obama administration is open …

Marijuana Coverage in the Wild West

In Washington – which permits the sale and personal use of cannabis and cannabis-related products through Initiative 502 passed in 2012 – the recreational marijuana industry is regulated by the Washington State Liquor Control Board. Licensees are required to have …

State of the Market: Surplus Lines Bounces Back

The surplus lines industry showed its subpar showing in 2012 was uncharacteristic as it outperformed the overall property/casualty industry once again in 2013. While 2013 was a good year all-round for the P/C industry, it was an even better year …

Engaging Tomorrow’s Workforce, Today

An organization’s biggest investment is in its human capital. Employees are the key to any successful business. Properly engaging staff can make a significant difference in a company’s productivity. Given the state of the industry – with nearly half of …

Declarations

Uh Oh, Yogi “The new maps show how Yellowstone has had a relative increase in the hazard.” —University of Utah geophysicist Bob Smith said a U.S. Geological Survey report indicates a slightly greater earthquake hazard in Greater Yellowstone than previously …

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