Industry News

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Admitted Carriers, CanaBOP Coming to California’s Cannabis Industry
October 20, 2017
The first admitted insurance carrier has filed to provide coverage to California’s legal cannabis industry and several more carriers have stated their intent to file products, according to state Insurance Commissioner Dave Jones. It also appears that …

Swiss Re Adds Management Liability Coverage for Non-Profits, Private Companies
October 20, 2017
Swiss Re Corporate Solutions has expanded its Executive Risk product offering with the launch of SwissGuard, a multi-coverage, management liability policy designed for non-profit and private companies. SwissGuard insures against directors and officer …

Brown & Brown Acquires Louisiana Employee Benefits Firm
October 20, 2017
Brown & Brown of Louisiana LLC, a subsidiary of Florida-based Brown & Brown Inc., has acquired substantially all of the assets of Lapeyre, Staples & Robichaux, the companies announced. Lapeyre, Staples and Robichaux, based in Houma, Louis …

Texas Windstorm Insurance Association Request to Raise Liability Limits Disapproved
October 20, 2017
Texas Insurance Commissioner Kent Sullivan has declined to approve a request by the Texas Windstorm Insurance Association to raise the maximum limits of liability on windstorm and hail policies. TWIA in August filed a request to increase the limits f …

Arkansas Officials: Highway Funding May Have to Wait Until 2019
October 20, 2017
Arkansas highway officials have left open the possibility they’ll take a road funding proposal to lawmakers in 2019 rather than pursue a ballot measure next year. The move comes a day after Gov. Asa Hutchinson said he would oppose any …

Farmers in Upper Midwest Report Damage from Dicamba Herbicide
October 20, 2017
Hundreds of farmers in the Upper Midwest are reporting damage from the controversial herbicide dicamba, and state officials are considering restrictions for the 2018 growing season that might surpass even new federal rules. The state agriculture depa …

Iowa’s Grassley in ‘Violent Opposition’ to Withdrawal of Rule Protecting Animal Farmers
October 20, 2017
The Trump administration’s decision to kill a rule designed to protect the rights of farmers who raise chickens, cows and hogs for the United States’ largest meat processors has infuriated farmer advocates, including a Republican senator from Iowa wh …

North Dakota’s Godfread ‘Excited’ About Technological Innovations in Insurance
October 20, 2017
North Dakota’s insurance commissioner is bullish on the technological innovations that are occurring within the insurance industry and wants his state to be in the forefront of experimenting with and testing new insurance products and developments. T …

Zurich’s Mulligan to Lead Aon Benfield’s U.S. Cyber Practice Group
October 20, 2017
Reinsurance intermediary Aon Benfield has appointed Catherine Mulligan as managing director and U.S. Cyber Practice Group leader. Mulligan brings underwriting, policy form and product knowledge to Aon’s cyber capabilities for insurers and will be res …

Investors Remain Committed to ILS Market Despite Q3 Catastrophes: WTW
October 20, 2017
ILS investors are responding to the recent spate of natural disasters by making their payments to ceding companies, while continuing to raise more money and preparing to make new investments, according to Willis Towers Watson Securities. None of the …

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