Posts Tagged ‘insurance agent’
Healthcare Cyber Insurance
Healthcare Cyber Insurance: Lessons from the DaVita Ransomware Attack Impact The recent ransomware healthcare attack on DaVita, a leading provider of kidney dialysis services, has sent shockwaves through the healthcare industry. This incident underscores the critical need for robust healthcare cyber insurance and proactive cybersecurity measures to protect sensitive patient data from ransomware. PM…
Read MoreCalifornia’s Cannabis Excise Tax Set to Increase
California’s Cannabis Excise Tax Set to Increase: Industry Concerns Grow California’s cannabis industry is bracing for a significant excise tax increase, set to take effect on July 1, 2025. The statewide cannabis excise tax on dispensary sales will rise from 15% to 19%, a 27% increase, adding to existing state and local taxes. In…
Read MoreCannabis Industry and University Partnerships: What 2025 Could Bring
Cannabis Industry and University Partnerships: What 2025 Could Bring The cannabis industry is gearing up for some exciting changes in 2025, with partnerships between cannabis businesses and universities expected to flourish. While academic collaborations aren’t new, the cannabis sector has been slow to embrace them — mainly due to marijuana’s status as a federally illegal…
Read MoreCannabis Vape Companies Face Safety Concerns Amid Rising Tariffs
Major cannabis vape companies are shifting their manufacturing operations away from China due to increasing tariffs that could pose safety risks for consumers. Rising Tariffs and Industry Impact The U.S. imposed a 25% tariff on vape products made in China back in 2018, during President Trump’s administration. This move pushed many cannabis vape companies to…
Read MoreRising Break-Ins in Los Angeles: How Small Businesses Can Protect Themselves
Rising Break-Ins in Los Angeles: How Small Businesses Can Protect Themselves Los Angeles has recently seen a troubling surge in break-ins targeting small businesses, leaving owners facing significant financial burdens and security concerns. From West Hollywood to South Los Angeles, these incidents have become increasingly frequent, underscoring the need for better security, awareness, and…
Read MoreCalifornia FAIR Plan Approves $1 Billion Assessment for Wildfire Claims
California FAIR Plan Approves $1 Billion Assessment for Wildfire Claims California Insurance Commissioner Ricardo Lara has approved a $1 billion assessment on admitted market insurers to help cover claims from the Los Angeles wildfires. The assessment, requested by the California FAIR Plan, is the first in more than 30 years and aims to strengthen the…
Read MoreAI, Cyberattacks & Extreme Weather: Top Insurance Risks for 2025
AI, Cyberattacks & Extreme Weather: Top Insurance Risks for 2025 A new risk forecast from global insurance law firm Kennedys highlights AI adoption, cyberattacks, and extreme weather as the top risks impacting insurance markets in 2025. The survey, conducted across 17 countries, also flagged geopolitical instability, economic volatility, and social inflation** as major concerns. AI…
Read MoreCybersecurity Tools You Should Be Using Right Now
Cybersecurity Tools You Should Be Using Right Now Let’s be honest—cyber threats aren’t going anywhere. If anything, hackers are getting smarter, and businesses (yes, even small ones!) are prime targets. Whether you’re running a food truck, managing a growing business, or just handling personal data, cybersecurity should be a top priority. But with so…
Read MoreInsurance Payouts for LA Wildfires Exceed $4 Billion—And Rising
Insurance Payouts for LA Wildfires Exceed $4 Billion—And Rising Preliminary data show that insurance companies have already paid over $4.2 billion in claims for the Los Angeles wildfires, with total insured losses potentially reaching $40 billion. The California Department of Insurance (CDI) reported that over 31,000 claims have been filed for home, business, and…
Read MoreDEA Delays Hinder Medical Cannabis Progress
DEA Delays Hinder Medical Cannabis Progress MMJ International Holdings is leading efforts in marijuana-derived pharmaceuticals for Huntington’s disease and multiple sclerosis, with FDA support. However, the DEA’s prolonged delays in processing cultivation applications have become a major hurdle. Regulatory Roadblocks Despite federal mandates to expand cannabis research, DEA senior policy adviser Matthew J. Strait has…
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