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Justice Department Proposes to Reclassify Cannabis as Less Risky Drug

Justice Department Proposes to Reclassify Cannabis as Less Risky Drug

Cannabis could be reclassified from a Schedule I to a Schedule III drug under a new rule recently proposed by the U.S. Justice Department, according to reports. While some experts say it represents a historic shift in policy, the proposed change would not legalize marijuana, but would ease federal restrictions on the substance and put it in the same class…

Broken Lock, Faulty Smoke Detectors: Renters Claim Negligence Led to Separate Tragic Events

Broken Lock, Faulty Smoke Detectors: Renters Claim Negligence Led to Separate Tragic Events

A woman who was assaulted in her apartment after a stranger broke in through the unit\'s back sliding door is suing the housing complex for over $1 million, claiming the attack could have been prevented if the broken back door lock had been fixed when she and her roommate first reported it. The Austin, Texas, woman filed the lawsuit against…

Undeclared Allergens Push U.S. Food Recalls to Post-Pandemic High

Undeclared Allergens Push U.S. Food Recalls to Post-Pandemic High

Food recalls in the U.S. are on the rise, reaching a new high since the pandemic began and reversing the previous trend of decline, according to reports. In total, the U.S. Department of Agriculture and the U.S. Food and Drug Administration together recorded 313 food recalls and public health alerts in 2023, compared to 289 and 286 in 2022 and…

P&C Report: 2024 Q2 Outlook

P&C Report: 2024 Q2 Outlook

Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…

Video: Commercial Insurance Overview

Video: Commercial Insurance Overview

During this webinar, our own Doug Legters provided updates on the Commercial Insurance Market. Watch a highlight from the discussion below. https://vimeo.com/932659555/6f9742c648?share=copy

Video: Property & Casualty Market Outlook

Video: Property & Casualty Market Outlook

During this webinar, our own Bonnie Steen provided updates on the P&C Market. Watch a highlight from the discussion below. https://vimeo.com/932655131/346bf382e0?share=copy

Webinar: P&C Market Outlook – Q2 2024

Webinar: P&C Market Outlook – Q2 2024

During this webinar, our expert panel reviewed valuable insights into Q2 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/930799431/68b9519cb2?  

Unattended Powerline Left by Tree Contractors Leads to Tragedy for Homeowners

Unattended Powerline Left by Tree Contractors Leads to Tragedy for Homeowners

A homeowner in Memphis, Tennessee, says a tree trimming company\'s negligence led to the tragic death of her daughter\'s dog after he was electrocuted by a powerline left unattended by the company. According to a report from WMC-TV, the dog had been let outside by the homeowners, who did not know crews from ABC Professional Tree Trimming had left a…

Massive Warehouse Fire Sends Debris Flying Leaving Clean-up Catastrophe

Massive Warehouse Fire Sends Debris Flying Leaving Clean-up Catastrophe

Authorities are continuing to investigate a massive warehouse fire March 4 in Clinton Township, Michigan, that caused “hundreds, if not thousands\" of explosions and sent debris flying more than a mile from the site. Metal debris that projected from the burning warehouse — which reportedly stored combustible materials associated with vaping — lead to one tragic death of a bystander…

Popular Chain Restaurant Facing Liquor Violations After Serving Customer 18 Shots Before Crash

Popular Chain Restaurant Facing Liquor Violations After Serving Customer 18 Shots Before Crash

The liquor license of a Kelseys Original Roadhouse franchise in Huntsville, Ontario, was recently suspended over allegations that staff overserved alcohol to a customer before a fatal car crash. On Feb. 14, the Alcohol and Gaming Commission of Ontario announced the 60-day suspension based on alleged liquor license violations stemming from a Nov. 4, 2022, incident in which a customer…

Stanley Cup Maker Sued for Failing to Disclose Lead in Tumblers

Stanley Cup Maker Sued for Failing to Disclose Lead in Tumblers

A lawsuit filed Feb. 1 against the makers of the highly sought-after Stanley insulated cup accuses the company of failing to disclose the presence of lead in its popular tumbler. The lawsuit, brought by consumers in California and filed as a potential class-action case, claims Stanley parent company Pacific Market International concealed their use of lead in the tumblers until…

Ask the Expert Q&A: Commercial Casualty Insurance

Ask the Expert Q&A: Commercial Casualty Insurance

In an increasingly litigious society, commercial business owners must be prepared for the possibility of a lawsuit at any time. To learn more about how Commercial Casualty Insurance can help protect companies against losses, Crain’s Content Studio spoke with Jordan​​​​ Muckway, Manager, Commercial Insurance, Burns & Wilcox, Dallas/Ft. Worth, Texas. How would you describe the Commercial Casualty Insurance market today?…

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