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Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts
A decision by Lloyd’s of London to stop insuring any risks relating to the marijuana industry has caught those in the insurance industry working with this segment off-guard. In a May 29 memo addressed “Dear Colleague,” obtained by Insurance Journal, …
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Allstate Estimates May Catastrophe Losses at $178M
The Allstate Corp. has estimated its catastrophe losses in the U.S. for the month of May 2015 of $178 million before tax from eight events. Four severe weather events accounted for over 77 percent of the estimated catastrophe losses for …
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Mitilier Joins EPIC in Southern California
Edgewood Partners Insurance Center has named Vanessa Ruiz Mitilier a senior consultant and producer in the firm’s Southern California employee benefits consulting practice. Mitilier will be based in EPIC’s Irvine, Calif. office. She will be responsible for new business development …
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Report Calls for Overhaul of U.S. Auto Safety Agency
The U.S. auto safety watchdog is racked by internal problems that have prevented the agency from acting to protect the public from deadly auto defects, including faulty GM ignition switches, according to federal investigators. An official U.S. Department of Transportation …
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Commentary: An Economic Case for Internal Perpetuation
I would like to tell you why I believe there is a good reason for you to strongly consider perpetuation for your agency. There is a sound and understandable economic justification that suggests that there is as much value to …
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Delaware Gov. Markell Signs Marijuana Decriminalization Bill
Delaware Gov. Jack Markell (D) on Thursday signed into law a bill to decriminalize possession of small amounts of marijuana. The bill signing makes Delaware the 20th state in the nation to decriminalize possession of personal use amounts of marijuana, …
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Hub International Northeast Hires Gonzalez as New Business Producer in N.Y.
Hub International Northeast, a division of Hub International Limited, hired Jerry Gonzalez as new business producer. He is based in Hub’s New York City office. In this role, Gonzalez will be responsible for developing and implementing employee benefit plans, focusing …
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Flood Insurance Claims Underpayments Not Widespread: Senate Study
The U.S. government’s appeals process for reviewing flood insurance claim disputes is riddled with flaws, but there is no evidence of systematic underpayments by insurers to flood victims, an investigation by U.S. Senate staffers has found. “Despite widespread concerns, it …
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USAA Piloting Auto Insurance Quotes in California Through Google Compare
California drivers shopping for auto insurance online can now receive USAA rate quotes and coverage information in their Google search results through the Google Compare service that debuted in March 2015. USAA is piloting the program in California in an …
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New Mexico Immigrant Driver Licenses Drop to Low Levels
Records show the number of newly issued driver’s licenses to immigrants in New Mexico has plunged to its lowest level since the state began granting driving privileges to foreign nationals living in the country illegally. State records obtained by The …
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