Features

Wyoming Department of Insurance Fines Farmers Insurance Exchange $150K

The Wyoming Department of Insurance announced the resolution of a matter against Farmers Insurance Exchange that resulted in monetary penalties against the carrier. The department entered an order approving a settlement with Farmers Insurance Exchange which included a civil penalty …

Who’s Your Best Client – Creating Your Avatar

I hate marketing, and I hate marketers.” I said that over and over, much to my demise. Marketing is to selling as mustard is to a hotdog. They are just better together. A common phrase amongst great marketers is this: …

Northern California Woman Pleads Guilty to Workers’ Comp Fraud and ID Theft

Marlene Cavalcanti, 40, has pleaded guilty to two felony counts of insurance fraud and identity theft after falsifying documents to receive an additional $10,590 on her workers’ compensation claim. Cavalcanti, employed as an executive assistant, reportedly fell at work and …

Insurance Journal Offers Free Agency for Sale Listings. What’s the Catch?

Insurance Journal announced that insurance agency owners looking to sell their agencies may post agency-for-sale listings on the highest trafficked property/casualty insurance news site in the world. For free. What’s the catch? If the insurance agency sale occurs due to …

Report Holds Optimistic Virus Recovery View for 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 …

Insurtech Fundraising Rises in Q2 with $1.6 Billion Invested

Following the COVID-19-induced slowdown in global insurtech investment during the first months of 2020, insurtechs raised $1.56 billion during the second quarter. The total, up 71% over Q1, was driven in part by later-stage investments, including four “mega-rounds” in excess …

Family of Teen Who Died at Washington University Fraternity Files Lawsuit

In his first semester at Washington State University, Sam Martinez witnessed or took part in several activities that his family says were a pattern of hazing at Alpha Tau Omega (ATO), the fraternity he hoped to join. Pledges were quizzed …

COVID Business Interruption Suits Top 700 with More to Come

When insurance coverage lawsuits brought by businesses seeking coverage for COVID-related interruptions surpassed the 700 mark last month, the natural question to ask was: Is that a lot? That’s exactly the question that Chris Cheatham, CEO and co-founder of insurtech …

Lawsuit Accuses Utah State University of Discrimination in Student Expulsion

A lawsuit filed in federal court accuses Utah State University of unlawfully discriminating against and expelling a student with Down syndrome during her first term. Emily Arthur was in the Aggies Elevated program which offers students a mix of career …

Recreation Market Coming Back with Old and New Risks to Consider

It’s been a challenging year for many businesses, especially those in the recreation, leisure and entertainment world. But while entertainment continues to struggle, things are picking up for the recreation market, according to Patrick Gavin, managing director of ALIVE RISK, …

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