Underinsured Cannabis “What I am seeing is that there are insureds that are underinsured. … So, there’s still a lot of insurance to be sold.” — Curtis Prince, CEO and founder of Flux Insurance Services, said during Insurance Journal’s Insuring …
Faulty Cranksets “Shimano will replace any cranks that fail the inspection process. … There is no need for further action for cranks that pass the inspection process.” – Cycling company Shimano said in an announcement recalling some 760,000 bike cranksets …
Third-Party Litigation Funding Ban “Settlements of this size and nature have often attracted the attention of third-party litigation funding entities intending to prey on litigants, including settlement participants seeking litigation funding pending the receipt of potential settlement funds.” – District …
‘Never Easy’ “Decisions like these are never easy, and we are committed to doing our best to support those impacted by these changes in the days and weeks to come.” – Raul Vargas, president and CEO of Farmers Group, said …
‘Not Our Friends’ “There were other victims in this cyber operation. … The Communist government in China are not our friends and are very active in conducting cyber espionage.” — Nebraska Republican Congressman Don Bacon said on the social media …
Seltzer Water High “Maybe having a 10-milligram THC-infused seltzer water is something that’s more up your alley. … In my opinion, it’s more social.” — Alex Buschmann, cannabis practice leader at Risk Strategies Company, said during an Insurance Journal panel …
P/C Underwriting Losses “Dismal first-quarter 2023 direct incurred loss ratios in the homeowners and private auto business suggests a repeat of 2022, when highly favorable underwriting results in the commercial lines were more than offset by the personal lines losses.” …
Titan Submersible “If there were aspects of the design or construction of this vessel that were kept from the passengers or it was knowingly operated despite information that it was not suitable for this dive, that would absolutely go against …
Forever Suit “These companies had knowledge that these chemicals cause harm and they still chose profit over people.” — New Mexico Environment Secretary James Kenney explained the reasoning behind a suit against the manufacturers of so-called “forever chemicals,” commonly referred …
California Insurance Options “Our first priority is helping consumers to understand their options for finding insurance with another company or the California FAIR Plan.” — A California Department of Insurance (CDI) spokesperson said following State Farm’s late-May announcement that it …
