Monthly Archives: <span>January 2018</span>

California Commissioner Says Insurers Should Cover Mudslide if Fire Was Cause

California Insurance Commissioner Dave Jones today issued a formal notice to all property/casualty insurers reminding them of their duty to cover damages from the recent mudslide and debris flows if it is determined that the burning of hillsides and vegetation …

Berkshire Hathaway GUARD Enters Personal Lines Segment

Berkshire Hathaway GUARD Insurance Companies is now offering homeowners and personal umbrella coverage in Pennsylvania. The product is available through the company’s platform with a target market of one- to four-family dwellings, renters, and condo units (both owner-occupied and those …

National Hurricane Center: Harvey’s Rains Make It Second-Costliest U.S. Hurricane

Record-breaking Hurricane Harvey became the second-costliest storm to hit the U.S. and dropped more rain than any other system ever. Harvey, the strongest hurricane to hit the U.S. since 2005, killed at least 103 people and caused an estimated $125 …

Regulators Cite 4 Employers in Deadly 2017 Explosion in Colorado

Federal regulators have cited four employers, including the largest oil and gas producer in Colorado, for exposing employees to health and safety hazards in connection with a May 2017 explosion that killed one employee and burned others. The Denver Post …

California Governor Wants 5 Million Zero-Emission Cars

Gov. Jerry Brown outlined a $2.5 billion plan to help Californians buy electric vehicles and expand a network of charging stations as part of a goal of getting 5 million zero-emission cars on the road by 2030. The ambitious proposal …

Investigators Say Burning Candles Sparked Deadly New Jersey Apartment Fire

Investigators say some burning candles apparently sparked a deadly fire at an apartment complex in Princeton, N.J., last month. The Dec. 27 fire at the Griggs Farm community started in a bedroom in one of the units. The fast-moving fire …

Too Few Legal Pot Operators in California Concern for Those in Pipeline

Like many pot shops in California, the Urbn Leaf in San Diego bulked up its inventory before legal sales began on Jan. 1, stockpiling enough marijuana to last for months because no one knew what the era of legal pot …

Seeman Holtz Acquires Arizona-based Xponent Employer Solutions

Seeman Holtz Property & Casualty Inc. has acquired Xponent Employer Solutions in Scottsdale, Ariz. Terms of the deal were not disclosed. Xponent helps clients reduce the costs associated with payroll, employee benefits, insurance services, and human resource management. The Seeman …

Trump’s SEC Considering Shielding Companies from Investor Class Action Suits

In its determination to reverse a two-decade slump in U.S. stock listings, a regulator might offer companies an extreme incentive to go public: the ability to bar aggrieved shareholders from suing. The Securities and Exchange Commission in its long history …

Ryan Specialty Group Launches Latin America MGA, Capital Bay Underwriting

Ryan Specialty Group (RSG) has launched a Latin American-focused managing general underwriter, Capital Bay Underwriting, based in Miami. Capital Bay’s central emphasis is financial lines re/insurance products for financial institutions and commercial entities across Latin America and the Caribbean. Capital …