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Marijuana Dispensary getting raided? Get coverage!

Medical Marijuana Insurance Specialist Offers Pot Raid Coverage

This just in! Medical Marijuana Dispensary insurer MMD Insurance Specialists, now has you covered if you’re raided.
 From Insurance Journal:
“Medical cannabis dispensaries, collectives, cooperatives, cultivators and caregivers  operating within state guidelines have a new option to protect themselves. MMD Insurance Specialists now offers raid coverage for medical marijuana operations. In […]

Costner vs Maronda Homes: Builder out $3 Million

A Franklin County Ohio  judge awarded Roman and Jennifer Costner $3 M in a dispute with Maronda Homes. Another judge ruled Maronda Homes has to pay the family’s almost $700,000 legal bill.
Court documents show the south side of the house wasn’t attached to the foundation and the wrong sized windows were installed leading to leaks then mold. The Costner’s […]

Marketwatch can’t add or smokes crack, I can’t decide.

MSN Money published a Marketwatch article titled “States that keep a Lid on Car Insurance”
Saith the wise people of Marketwatch:
” California …  New Jersey, Hawaii, New Hampshire and Pennsylvania also have served drivers well by keeping insurance rates relatively low, but drivers in other states have watched their costs skyrocket 100% or more between 1989 and […]

South Carolina Teens OK to Text and Talk while Driving

The measure sponsored by Rep. Lanny Littlejohn, argued young people just learning to drive need to concentrate, and the bill could save lives. The bill would have made it illegal for anyone with a beginner’s permit, conditional or special restricted driver’s license to use a phone or other wireless device while driving. In South Carolina, teens […]

Allstate Florida gets stop order reinstated

In a follow up to an earlier report, the 1st District, Florida district court of appeal has lifted the appeal to the stop order issues by Florida Office of Insurance Regulation (OIR).  Allstate must stop issuing new policies in Florida, but must continue to service existing policies.  Allstate can lift the stop order by producing documents […]

Paulson’s blueprint doomed from the start

Included in the Treasury Department’s financial regulatory reform package is a interesting proposal:  An optional federal charter (OFC) for insurance companies.
What’s the big deal?  State regulators have traditionally had oversight duties dealing with insurance companies, while the Fed has been in charge of the insurance programs no one wants to oversee: Too costly?  (National Flood  Insurance) Too burdensome? […]

H R 5633 introduced - Insurance credit scoring ban? or not??

Rep. Luis Gutierrez (D-IL) introduced H R 5633 ” To amend the Fair Credit Reporting Act to prohibit certain discriminatory uses of consumer reports and consumer information in connection with certain personal lines of insurance, and for other purposes.”
The bill is co-sponsored  by Rep. Melvin Watt [D-NC] and Rep. Barney Frank [D-MA]. 
When I see those three […]

Safeco offering Teen driver monitoring system & parent website

Got an email from Stephen Evanko, owner of Delaware Insurance Advisors (sevanko [at] delinsadv [dot] com )  telling me about his new website for parents of Teen drivers.  I’m still four years away from my boy driving, but I’m excited by the latest technology being used to monitor youthful drivers.
Safeco is offering (to their policyholders) a […]

Happy Birthday.. Auto Insurance

Let me put on my party hat and do my best Cliff Clavin voice..
Auto insurance is celebrating it’s 110th birthday. The first policy was sold in 1898 by Traveler’s Insurance to Dr. Truman Martin of Buffalo, N.Y. 
Dr. Martin paid $12.95 for a year.
The policy gave Dr.  Martin $5,000 in liability coverage - Comp, collision, towing, loss-of-use, Med […]

Progressive to sell auto insurance in Mass.

Progressive Insurance said it plans to begin selling personal auto insurance in Massachusetts starting May 1 if state regulators approve the company’s rate filings. Progressive already sells commercial policies in Massachusetts.
Currently, Progressive sells personal auto policies (PAP) in every state except Mass.  
Policies will be available first from the Web then through independent agents.
I wish Progressive luck.  Hopefully […]

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