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News – Insurance Journal
  • First Surety Bond Program for California Cannabis Industry OK’d
    California Insurance Commissioner Dave Jones has approved the first surety bond program for the cannabis industry in the California. Continental Heritage Insurance Co. is the first insurer in the state to be approved to offer surety bonds for the cannabis …

  • Brown Tapped to Chair Oklahoma Senate Insurance Committee
    Oklahoma state Sen. Bill Brown will serve as the chair of the Senate’s Pensions, Retirement and Insurance Committee for the 2018 legislative session. Other members of the committee are Vice Chair Marty Quinn, Sen. James Leewright, Sen. Lonnie Paxton, Sen. …

  • Businesses Closed After Historic Ohio Building Collapses
    A historic building has collapsed in Ohio, leading officials to close nearby businesses until it is stabilized or torn down. Medina Fire Chief Bob Painter says the back canopy of the three-story Medina building collapsed Sunday during the town’s Ice …

  • Arkansas Governor Says Special Session on Pharmacy Rates Possible
    Arkansas Gov. Asa Hutchinson says he’ll call a special legislative session to address reimbursement rates for pharmacies and to amend the state’s open container law if there is consensus among lawmakers on the proposals. Legislative leaders have asked for a …

  • New Program for Pet Services Professionals Available From Acadia Insurance
    Acadia Insurance, a Berkley Company, is now offering specialized coverage beyond what is typically covered in a standard business owner policy for pet-focused businesses including: Kennels and daycare Pet groomers Pet trainers Veterinarians and pet hospitals Pet stores Pet food …

  • Wisconsin Tweaks Pricing for Dairy Insurance Program
    Wisconsin lawmakers have tweaked a federal price insurance program following criticism from dairy farmers. The La Crosse Tribune reports that the Margin Protection Program for Dairy allows farmers to buy insurance that pays out when the cost to produce milk …

  • 3M Settles Minnesota Scotchgard Lawsuit for $850M
    3M Co. has settled a lawsuit with Minnesota’s Attorney General Lori Swanson for $850 million, putting an end to eight years of litigation over a former Scotchgard ingredient that got into the state’s drinking water. The funds will be used …

  • Rubel Joins Myron Steves as Chief Underwriting Officer, Commercial Lines
    Houston, Texas-based managing general agent and insurance wholesaler, Myron F. Steves and Co., has added Greg Rubel as chief underwriting officer, commercial lines. Rubel will lead the Texas-based company’s commercial lines operations and be a member of the Myron Steves …

  • Personal Insurance Site Gabi Raises $9.5 Million; Now Selling in 6 States
    San Francisco-based personal insurance shopping site Gabi has raised $9.5 million in Series A funding, led by Canvas Ventures. Also joining the round are Correlation Ventures, Northwestern Mutual Future Ventures, Securian Ventures and prior investors Capital Ventures and Project A. …

  • California Marijuana Growers Lagging in Getting Licenses, New Report Shows
    Nearly two months after recreational marijuana became legal in California, less than 1 percent of the state’s known growers have been licensed, according to a report released by a pot industry group. The 38-page report from the California Growers Association …