Monthly Archives: <span>September 2014</span>

Marijuana Coverage in the Wild West

In Washington – which permits the sale and personal use of cannabis and cannabis-related products through Initiative 502 passed in 2012 – the recreational marijuana industry is regulated by the Washington State Liquor Control Board. Licensees are required to have …

Business Moves

USI, Willis USI Insurance Services has entered into an agreement with certain subsidiaries of Willis North America Inc., part of Willis Group Holdings, to acquire seven of Willis’ retail insurance brokerage locations across the United States. Terms of the transaction …

My New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Restaurants Market Detail: Insurance Noodle ‘s platform carriers offer comprehensive property and liability coverage for a broad scope of restaurant risks. …

Changes in Washington

Groups that favor the legalization of marijuana say they are seeing positive developments at the federal level in Washington. U.S. Attorney General Eric Holder told lawmakers during a House Appropriations Committee hearing in April that the Obama administration is open …

High on Marijuana Insurance

Specialty brokers looking to get insurers hooked on emerging industry The legal marijuana industry in the United States is experiencing tremendous growth. Legal cannabis markets in the United States are expected to grow 700 percent over the next five years, …

State of the Market: Surplus Lines Bounces Back

The surplus lines industry showed its subpar showing in 2012 was uncharacteristic as it outperformed the overall property/casualty industry once again in 2013. While 2013 was a good year all-round for the P/C industry, it was an even better year …

Why a Wall Street Model Is Needed

By all accounts, America’s emerging cannabis industry is looking very promising and is shaping up to be the country’s biggest business experiment of the 21st century. But the mushrooming niche sector could quickly prove to be the proverbial bull in …

Hawaii’s Post-Storm Disaster Request Denied by FEMA

The Federal Emergency Management Agency in late August denied Hawaii’s request for a major disaster declaration after Tropical Storm Iselle. Iselle made landfall over the Big Island’s isolated and rural Puna region earlier in the month, knocking down trees and …

New Mexico Traffic Deaths Up 20% This Year

A government report shows that traffic deaths in New Mexico have increased about 20 percent this year. According to preliminary figures from the Department of Transportation, 204 people have died in traffic accidents from January through July. That’s up from …

U.S. Retailers Warned About Hacking Software

More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said recently. The government urged businesses of all sizes to scan their …