Legal sales of recreational marijuana in Arizona have started, a once-unthinkable step in the former conservative stronghold that joins 14 other states that have broadly legalized pot. The state Health Services Department on Friday announced it had approved 86 licenses …
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced the appointment of Richard Brown to lead a new team focusing on property business through retail distribution channels in the UK, Europe and selected …
San Diego, CA First Cap Property Insurance Solutions has announced a new admitted Dwelling Fire program for California residential risks. The program is designed to be an alternative to the California FAIR Plan. The new program is a resource for …
While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may be auspicious. Had the outbreak struck …
Charred piles of rubble remain in the Midway neighborhood in St. Paul, Minn., where rioters torched businesses following the death of George Floyd in Minneapolis. Buildings that were set on fire have been razed by the city using emergency funds. …
The civil disturbance that started in Minneapolis after the killing by police of George Floyd spread to 20 other states, leading to an unprecedented property insurance catastrophe. The experience will likely impact policy renewals and could even persuade some insurers …
Assemblyman Marc Levine, D-Marin County, has introduced Assembly Bill 3258, which would require property insurance providers to take into consideration local government investments in wildfire prevention when determining insurance rates. California Insurance Commissioner Ricardo Lara and a group of Legislators …
California officials are bracing for the potential of another drought and an early and more intense wildfire season amid a record-breaking warm and dry February. February is shaping up to be driest on record for much of the state, with …
Experts say the big one is coming to the Pacific Northwest: a massive earthquake that will cause buildings and bridges to collapse and unleash a tsunami that will devastate the coast. But, doubling down on its decision last year to …
Four downtown businesses in a small southwestern South Dakota community have been lost in a fire, according to the city’s mayor. The Vault restaurant, China Buffet, the Quilt Shop and an ice cream shop were burned in the massive fire …
