insurance News

Alaska One of Few States to Allow Cannabis Lounges, but Pandemic Paused Plans

Regulators amid much fanfare in early 2020 approved two cannabis lounges in Alaska, making it one of the few states where customers would be allowed to use marijuana at retail pot shops. Then the pandemic hit. One of the sites …

Seacor: Pay Debt With $25M in Overturned Louisiana Boat’s Insurance

The owner of an offshore oilfield boat that overturned off Louisiana plans to use $25 million in insurance on the vessel to pay down part of the Texas company’s debts. Attorneys for families of men killed when the Seacor Power …

Two Takeaways from Delta-8 Conversation

Delta-8 is generating quite a buzz over what appears to be legal loophole enabling the production and sales of the intoxicating product in both legal and non-legal states. New York just became the latest state to ban delta-8 THC, as …

Oregon Ice Storm Repair Will Cost $4M-Plus

Officials in Salem, Ore., say damage from a February ice storm will cost about $4.6 million to repair. The Statesman Journal reported the money will be spend repairing infrastructure and clearing downed trees. As of April 21, a total of …

U.S. Legal Cannabis Sales Hit Record $17.5B as Legislation Transforms Insurance Outlook

A new report highlights the opportunity for insurers in cannabis. New Dawn Risk launched its latest white paper on insurance for the U.S. legal cannabis, CBD and hemp markets. The 2021 report is called “Opportunity knocks at last in the …

California Man Charged for Scheme Involving Lost Cellphone Claims

Thein Kevin Nguyen, 31, of Sacramento, Calif., has been charged with one felony count of fraud for allegedly running a scam where he reportedly filed 35 fraudulent cell phone loss claims, collected the proceeds from the claims, and then sold …

Arizona City’s Computer System Slowly Recovering From Cyberattack

Officials in Kingman say the city’s computer system is slowly getting back to fully operational after a recent cyberattack. The city also said it has insurance to help with the process. The Feb. 26 attack from an unknown source knocked …

California Bill Would Mandate Minimum Insurance Coverage at Rehabs

Assemblywoman Cottie Petrie-Norris, D-Laguna Beach, in collaboration with California Insurance Commissioner Ricardo Lara introduced a bill intended to ensure that licensed drug abuse recovery and treatment facilities and recovery residences that contract with the government have minimum insurance coverage levels, …

EasySend and Sompo Japan Join Forces to Improve Customer Experience

Sompo Japan plans to use EasySend’s no-code development platform to power its marine insurance accident notification system Tel Aviv, Israel, January 22, 2021– EasySend, a no-code platform for building and optimizing digital customer journeys, announced that they’re partnering with Sompo …

Insurers Again Battled Many California Bills, but a Fight Last Year Was Biggest Recent Victory

The election is nearly here, and while it’s been quite a year all around, things could have been worse for the insurance industry. When the year started, insurance industry lobbyists were facing a big battle, and not just COVID-19. As …