Monthly Archives: <span>May 2018</span>

New Markets

Recycling Operations Market Detail: All Trans Risk Solutions (www.alltransins.com) has a package program for medium to large recycling operations with fixed site facility. Package includes auto, GL, site pollution, contractors pollution liability and excess coverage. A-rated paper written on admitted …

People

PIA Management Services Inc. has hired Bradford J. Lachut as director of Government and Industry Affairs for the five PIA state affiliates managed by the Glenmont, N.Y.-based group. Lachut previously served as PIA’s government affairs counsel prior to working as …

Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers

Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the first annual Demo Day sponsored by Hartford InsurTech Hub in mid-April. …

Pennsylvania Court Awards Summary Judgment to Insurer Accused of Bad Faith

A judge in the U.S. District Court for the Western District of Pennsylvania awarded summary judgment to an insurer accused of bad faith after denying a man’s claim for losses exceeding $1 million. The court found that evidence suggested the …

California Commissioner OKs 1st Lessor’s Risk Coverage for Marijuana Industry

California Insurance Commissioner Dave Jones has approved what his office says is the first insurance coverage for commercial landlords that addresses risks specific to renting to cannabis businesses. California Mutual Insurance Co. was approved to add lessor’s risk coverage for …

Idaho Supreme Court Sends Slip-and-Fall Suit Against Walmart Back to Lower Court

The Idaho Supreme Court has ruled that a lower court must once again review a slip-and-fall lawsuit against Walmart. Diane Brooks sued the retail giant for negligence in November 2014 after slipping and falling in a puddle of water. The …

People

Western Growers Insurance Services has added Paul Barry and Kris Hansen in California. Barry joins the insurance services team as a sales executive, bringing more than 10 years of sales experience. Barry will focus on expanding Western Growers’ client base …

California Commissioner Urging Insurers to Offer Coverage for Cannabis Industry

California Insurance Commissioner Dave Jones is renewing his call for insurers to offer insurance products for California’s legalized cannabis industry in the wake of reports that President Trump has abandoned Attorney General Jeff Sessions’ policy on federal law enforcement of …

Quake Scenario: More than 1M Bay Area Homes Could Suffer Extensive Damage

More than a million San Francisco Bay Area residents would face extensive damage to their homes after a major earthquake on the Hayward fault, according to a new earthquake scenario developed by the U.S. Geological Survey. The USGS findings, developed …

Berkshire Hathaway Reports Q1 ‘Accounting’ Loss But Insurance Profit

Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc. on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would produce “wild” but in his view meaningless swings …