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Hawaii exec preps digital payment system for medi-juana dispensaries

When Hawaii’s dispensaries are ready to sell their first batches of medical marijuana in a few months, Russell Castagnaro believes his payment system will be ready to provide each of them with an alternative to cold hard cash. Like the rest of the nation, local banks in Hawaii are wary to link themselves to the marijuana industry, which would cause the dispensaries to operate as cash-based businesses. “My full expectation… Read Article →

Fowl Play

But in a delightful way: Original content copyright © InsureBlog Source

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FTSE 100 skids to two-week low on poor earnings but gold nears four-month high as European political worries persist

Gold nears four month high amid heightened political uncertainty Gold hit a three-and-a-half month high this morning as political worries in European continued to bubble stoking safe-haven demand the dollar weakened on uncertainties surrounding US President Donald Trump.  Gold rose by as much as 0.4pc to $1,254.10 per ounce, its highest level since November 11. Political uncertainties have also triggered continuous inflows into gold exchange traded funds (ETFs). RBS reports £7bn… Read Article →

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Life insurance scam when husband sends hitman’s instructions to ex-boss

A man allegedly texted “kill my wife” in a text to the wrong person when he wanted the woman murdered. A Washington man attempted to run a life insurance scam by hiring a hitman to kill his wife but ended up texting the information to the wrong person. The 42 year old father allegedly attempted to text the killer, but sent the message to his former boss, instead. Upon receiving… Read Article →

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Company uses software to treat the elderly

Growing up in Brooklyn, Dr. Steven Buslovich had a close relationship with his grandparents. Now working as a geriatrician and nursing home medical director, he focuses on caring for older adults with complex medical histories. He found there is not much data out there. “It’s very hard to study this population for drug design and research because they die during the process, unfortunately,” he said. “It’s not easy to figure… Read Article →

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*Tweet* insurance? Really‽

Over the years, we’ve covered some, well, unusual types of insurance products, from hand models to lovers in China to folks insuring one’s virginity. But this one’s something else: “Companies buy ‘Trump tweet’ insurance policies“ Whichever side of the political divide you fall on, it’s undeniable that our new President does like his Twitter, happily (or not-so-happily) tweeting out commentary on a regular basis. One of his favorite strategies, it… Read Article →

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FTSE 100 struggles as Germany beats UK to claim fastest growing major economy in 2016

Also on the agenda:  Full-year results: RELX, Mondi, Intu Properties, Playtech, Howden Joinery Group, BAE Systems, Barclays, British American Tobacco, Glencore, Rathbone Brothers, Rentokil Initial, National Express Group, Morgan Advanced Materials, Kaz Minerals, Centrica, RSA Insurance, Greencoat UK Wind, Macfarlane Group Interim results: Wilmington Group, Monitise Economics: BBA mortgage approvals (UK), unemployment claims (US), housing starts (US), new home sales (US), revised UoM consumer sentiment (US), revised UoM inflation expectations (US),… Read Article →

John Heft of New Day Underwriting Managers to Address Environmental Exposures & Claims at 2017 IRMI Energy Risk & Insurance Conference

Hamilton, NJ, February 22, 2017 –(PR.com)– John Heft, senior vice president and director of the real estate practice at New Day Underwriting Managers LLC, a leading construction-related professional liability and environmental resource firm for retail insurance agents and brokers, will address the “Environmental Exposures & Claims Impacting the Energy Sector & Their Impact in Uncertain Times” at the 2017 IRMI Energy Risk & Insurance Conference (ERIC) to be held March… Read Article →

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Two multi-million dollar Naval contracts for work in Jacksonville, Kings Bay

Lockheed Martin Space Systems Co., based in Sunnyvale, California, was awarded a nearly $541 million modification for a previously awarded Navy contract for Trident II missile production and deployed system support, where part of the work will be performed in Kings Bay. The majority of the work will be performed in Magna, Utah, but work will also be performed in Sunnyvale; Bloomington, Minnesota; Silverdale, Washington; Gainesville, Viriginia; Kingsport, Tennessee and… Read Article →

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Stupid Industry Tricks

So, the life insurance industry runs a side-gig called “Life Happens” that’s designed to ramp up awareness of the need for life insurance (d’unh). We’ve blogged about it a few times (here, for example) as a way to promote these efforts. So today’s email contained a neat little item from Illinois Mutual promoting a new campaign called “Insure Your Love,” which is “an industry-wide event aimed at raising awareness around… Read Article →