Monthly Archives: <span>April 2023</span>

Takeaways from Our Conversation on Insuring Cannabis Opportunities

Cannabis tax revenue in Colorado fell nearly $100 million in 2022, while California, Oregon, Nevada, and Washington all saw sales decline as the industry began its first downturn. Conversely, sales were up big time in Michigan, Illinois and Massachusetts. It …

Hub Acquires Brady Risk Management of New York

Global insurance broker Hub International Limited reported that it has acquired the assets of Brady Risk Management, Inc. of Huntington, New York. Brady Risk is a risk management, risk transfer and insurance firm that serves key industry segments, including restaurant …

Manhattan Parking Garage Collapse Kills 1, Injures 5

A parking garage collapsed Tuesday in lower Manhattan’s Financial District, killing one worker, injuring five and crushing cars as concrete floors fell on top of each other like a stack of pancakes, officials said. Vehicles tumbled into what looked like …

People Moves: Crest in Arizona Adds Howard to Leadership Team

Crest Insurance Group, headquartered in Tucson, Arizona, hired Bob Howard as vice president, director of sales. Howard has a history with large insurance brokers and consulting firms involving complex construction and real estate projects, publicly traded companies and global organizations. …

California Department of Insurance Orders Refunds over Bogus Mailers

An insurance company offering home warranties must refund Californians who were reportedly deceived by a misleading mailer sent to hundreds of thousands of consumers. According to an investigation by the California Department of Insurance, Response Indemnity Company of California worked …

Hannover Re Latest Company to Leave Net-Zero Insurance Alliance

German reinsurer Hannover Re on Wednesday became the third major company to leave a global climate alliance focused on reducing emissions that has faced growing political pressure in the United States. Hannover said in an emailed statement that it was …

California Workers’ Comp Committee OK’s .03% Higher Pure Premium Filing

The Workers’ Compensation Insurance Rating Bureau of California’s Governing Committee voted on Wednesday to authorize the WCIRB to submit a Sept. 1, 2023 pure premium rate filing to the state’s Insurance Commissioner on average 0.3% above the average approved September …

TWIA to Maintain $4.6B Total Funding for 2023 Storm Season

The Texas Windstorm Insurance Association (TIWA) Board of Directors on Tuesday elected to forego additional reinsurance beyond the $2.24 billion it selected in January, bringing the insurer of last resort’s total funding for the 2023 storm season to $4.5 billion. …

Rural Texans Oppose Wind and Solar Development

FRANKLIN COUNTY — Volunteer firefighter Jim Emery grew emotional as he spoke to the crowd at an anti-solar development town hall meeting in his northeast Texas community. Emery, who worked for decades at the nearby coal power plant before it …

Ohio Doctor Acquitted in 14 Patient Deaths Sues Health System

DETROIT (AP) – An Ohio doctor acquitted in the deaths of 14 patients who died after they were given painkillers has filed a lawsuit against a national Catholic health system that operates the hospital where he worked in the intensive …