Ever since President Barak Obama came into office and his attorney general said the administration would not pursue medical marijuana dispensaries, the number of such businesses has exploded.

Now, a few insurance agents are catering to them.

Medical marijuana "is a huge, huge business," says Rich Pitto, a broker at Hayes Insurance Agency, El Sobrante, Calif. "There's a lot of Johnnies-come-lately. It's actually getting somewhat ridiculous."
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California Considers Quake Insurance Rate Reduction

August 25, 2005

By Insurance Journal.com
Copyright Insurance Journal

Sacramento, California -

California Gov. Arnold Schwarzenneger and other state officials who are part of the California Earthquake Authority are considering whether to reduce quake insurance rates in the state by 22 percent. The proposal before the Authority suggests that the reduction is warranted because earthquake hazard probabilities, along with the risk of property damage, are lower than previously thought. The cost to the authority for reinsurance also has fallen, according to the proposal.

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California Department of Insurance