How to resolve AdBlock issue? 
Business News
- Details
- Written by: Editor
Insurance Commissioner Dave Jones has approved the filing of the first admitted commercial insurance company to file cannabis business insurance so that the insurer can begin writing policies and offering coverage for cannabis business owners.
"This is the first of what I hope will be many commercial carriers filing insurance products to fill insurance coverage gaps for the cannabis industry," said Insurance Commissioner Dave Jones. "Consumers who visit cannabis businesses, workers who work there, businesses who sell products to or rent property to cannabis businesses, and the investors, owners and operators of cannabis businesses all should have insurance coverage available to help them recover when something goes wrong just as any other legalized business does."
Jones launched an initiative earlier this year to encourage commercial insurance companies to write insurance to fill coverage gaps for the cannabis industry.
This first filing and approval of commercial insurance for the cannabis industry is a successful result of Commissioner Jones' initiative.
Jones has convened meetings between commercial insurance company executives and cannabis business owners to educate the insurance industry about the sophistication, professionalism and risk management of the cannabis industry. Jones has also organized tours for insurance executives at cannabis businesses.
In October Jones held a first in the nation public hearing to identify insurance gaps faced by the cannabis industry.
Cannabis businesses and insurance industry representatives testified about the limited availability of insurance for cannabis businesses.
The hearing revealed that while there is insurance available from surplus lines insurers, insurance coverage is limited in scope and, until the approval being announced today, commercial carriers were not yet writing insurance.
Jones also announced that department staff would be allocated to cannabis insurance filings.
"Our mission remains insurance protection for all Californians, which includes insurance for California's legalized cannabis businesses and customers. We encourage more insurance companies to file cannabis business insurance products with the department to meet the needs of this emerging market," Jones added.
- Details
- Written by: Editor
Every dollar contributed to the fund will be matched up to $400,000 and distributed in Mendocino and Sonoma counties.
The company has also pledged to continue the ongoing community support it renews each year.
Led by employees, the company distributes about $300,000 in community action grants, agricultural education support, college scholarships, and matching capital programs to local communities.
“We lost more than homes and buildings in the fires,” said Chief Executive Officer Bob Mertz. “The wide and fast devastation was a fracturing shock to the community – gathering locations, ball parks, care centers, all wiped out. That is why we encourage support restoring those things that build and strengthen our community.”
All funds raised will be directed to youth, elder, educators, emergency workers, and animals displaced by the Nuns, Redwood Valley and Tubbs fires.
Funds will be disbursed by the Community Foundation of Mendocino County via an independent committee, until the fund is exhausted.
To ensure each donation directly benefits the community, the Mendocino Family of Companies will also pay all related administrative and promotional costs to manage the fund.
“Redwood Valley and Santa Rosa need our support for the long haul. The critical threads in the fabric of any community are the spaces serving youth and elderly, teachers and public safety. Anything we can do to reconnect those threads and strengthen the fabric of these counties is an important and worthy effort,” said Mertz.
For current and prospective employees affected by the fires, the company is offering relocation bonuses and has also licensed its heavy equipment and operators to participate in clean-up efforts.
“Our company and employees have long, deep roots in both counties. Many were impacted by the fires, and we are very grateful for our employees and the emergency response,” Mertz explained.
To donate to the Redwood Valley and Santa Rosa Community Recovery Fund, please visit http://bit.ly/forward-together.
- Details
- Written by: Editor
The contribution supports relief efforts and assists the victims of the North Bay fires and is one donation among many, totaling $300,000, AT&T is making to support wildfire relief efforts across California this year.
"California is our home and we all need to do our part when our friends and neighbors are in need," said Ken McNeely, president, Pacific Region, AT&T Communications. “The recovery process will be long, and AT&T is proud to support organizations like Redwood Credit Union, that are working to rebuild our communities now that the fires are contained.”
AT&T has a long history of supporting communities before, during and after disasters.
Investing nearly $7.2 billion in its wired and wireless networks in California from 2014-2016 and more than $600 million in its Network Disaster Recovery program, AT&T works in close collaboration with first responders to prepare for disasters and help the network be resilient and operational when disaster strikes.
During the recent California wildfires, AT&T also supported customers and evacuees at shelters, provided free AT&T prepaid phones for impacted customers without wireless service, activated a text-to-give campaign benefiting American Red Cross and pledged humanitarian aid to affected communities.
More information on AT&T response and relief efforts during the recent California wildfires is available at http://about.att.com/inside_connections_blog/california_fires.
- Details
- Written by: Editor
As a result, homes and businesses in 14 communities passed by the company’s fiber-rich digital network now have access to Internet download speeds that are up to 40 times faster than the minimum broadband definition set by the Federal Communications Commission.
“Creating true gigabit communities across our national footprint was a central component of the 3-year, $1 billion capital expenditure plan announced by Mediacom in 2016,” said Shawn Swatosh, Mediacom’s area operations director for Northern California. “Our rollout of gigabit speeds provides area residents and businesses with a distinct technological advantage in today’s global marketplace.”
With 1-Gig Internet service, multiple users are able to surf, stream, download, work, and game online at the same time, with increased reliability and significantly faster speeds.
The technology Mediacom uses enables residential customers to receive gigabit speeds through the same wiring already existing in their homes.
In addition to its new 1-Gig service, Mediacom also introduced a new speed tier set at 500 Mbps.
Mediacom was the first major U.S. cable company to fully transition to the DOCSIS 3.1 “Gigasphere” platform, the latest generation of broadband technology.
The company will utilize Gigasphere to bring gigabit broadband services to virtually all of the 3 million homes and businesses within its 22 state footprint.
Mediacom now offers 1 Gig Internet services in over 1,300 communities across the United States.
“In addition to enhancing speeds for residential and small business customers today, the Gigasphere platform we’ve deployed lays the groundwork for offering multi-Gig services in the future,” said Mediacom’s Chief Technology Officer, JR Walden. “This next-generation technology is an excellent complement to the Gigabit+ Fiber Solutions that Mediacom Business has been offering local businesses in our markets for many years.”
The cable network is composed of a hybrid of optical fiber and coaxial cable elements, and the specification that enables use of the network for broadband is known as Data Over Cable Service Interface Specification, or DOCSIS.
Gigasphere is the brand name for products and services that use a technical specification called DOCSIS 3.1, the next generation of DOCSIS services developed and advanced by CableLabs, the U.S. cable industry’s research and development consortium, and its members.
DOCSIS 3.1 provides a near-term path toward continued improvement of cable broadband performance, with network capacity of up to 10 gigabits per second in the downstream and up to 2 gigabits per second in the upstream.