Monthly Archives: <span>October 2016</span>

Medical Marijuana and Opioid Crashes

There have been fewer drivers killed in car crashes who tested positive for opioids in states with medical marijuana laws than there were before the laws went into effect, according to a new study. The study, conducted at Columbia University’s …

National Flood Insurance Program Buys Private Reinsurance, Plans More in 2017

The federal government has contracted with private reinsurers to improve the National Flood Insurance Program’s claims paying ability and reduce the need for the NFIP to borrow from the U.S. Treasury to cover future claims. The Federal Emergency Management Agency …

New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Medical Professionals Market Detail: Braishfield Associates Inc. provides fidelity, business income, CGL, workers’ comp, property, umbrella, EPLI, miscellaneous professional liability coverage. …

Declarations

No Human Zone “This proposal is not for the timid as initially it will be highly controversial because of natural skepticism about the likelihood and timing of autonomous vehicles and failure to recognize the benefits.” —A proposal from some tech …

Business Moves

Evergreen, Sheridan Evergreen Insurance & Risk Management, a Monsey, New York, based insurance brokerage for investment real estate, has acquired the assets of Sheridan & Co. Group LLC and T.J. Sheridan & Co. Inc. Terms of the deal, which closed …

Closing Quote: In the Midst of a Cyber Bubble

Cyber security is a rapidly growing area of concern for executives across the world. The costs that can arise from a cyber breach can be catastrophic to a business. As a result, the cyber insurance market has ballooned over the …

Special Report: Best Agencies to Work For 2016

The votes were tallied and the results are in for the 2016 Best Independent Insurance Agency to Work For survey by Insurance Journal. The owners of the Best Agencies to Work For in 2016 highlight different programs or benefits depending …

Former Michigan Agent Ordered to Stop Selling Fake Auto Insurance

The Michigan Department of Insurance and Financial Services (DIFS) has ordered a Farmington man to stop selling fraudulent automobile insurance certificates through his company, SBS Agency. DIFS issued cease and desist order to Terrell Lee Smith also known as “Sam.” …

Iowa Insurance Division: Assessments for Second Injury Fund Total $8M

The Iowa Insurance Division reported that insurers and self-insured employers in the state are being assessed $8 million in order to pump up the coffers of the state’s Second Injury Fund. The IID said sufficient funds are not available to …

Midwest Employment Profile: Missouri

In 2015 the state of Missouri gained more than 8,700 private-sector employers compared with the previous year, according to a report by the state’s economic development agency. That gain represents a 5 percent growth in the number of private sector …