exclusions News

California Street Racer Charged with Auto Insurance Fraud, Grand Theft

Michael Lynn Cooper, 55, of Ontario, Calif., was charged with multiple felony counts of insurance fraud and grand theft after allegedly misrepresenting the facts of a collision to his insurance company to receive a payout after he was street racing. …

Report Holds Optimistic COVID-19 Recovery View of Cannabis Industry

A new report out examining how the COVID-19 pandemic impacted the U.S. cannabis industry shows consumer purchasing spiked, dropped, then started to stabilize in the time between when things began to unravel for the nation in March until recently. In …

Massive MJBizCon in Vegas Reveals Coverage Gaps, Little Insurance Understanding

If gawking at tons of cannabis-churning pieces of agricultural equipment winding around a quarter-million feet of convention floor space wasn’t your thing, perhaps access to an abundance of pre-rolls, or whiffing jars of fresh, blazing green bud, would do the …

Oklahoma Commissioner Warns Insurers on Denial of Earthquake Claims

With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in oil and gas drilling — Oklahoma Insurance …

Re/insurers Increasingly Less Relevant to Global Economy: XL CEO McGavick

XL’s CEO Mike McGavick doesn’t mince words when it comes to looking at the big, and not very pretty, picture of the state of the re/insurance industry. Address emerging risks, innovate, create new products and provide potential insurance buyers with …