Features

What Insurance Pros in the Cannabis Business Are Doing Wrong

Jumping right into a new business may sound like a great first step, but long-time wholesaler broker Norman Ives advises a look-before-you-leap approach to the cannabis business. Ives is a broker and cannabis practice leader for Worldwide Facilities LLC, and …

How Do Cyber Policies Stand-Up in a Pandemic?

We are in unprecedented times. If you’re like us, you suddenly found yourself and your company operating entirely remotely and have remained working this way for quite some time. Such an abrupt change can be a challenge for any organization, …

Transparency Is Key for Insurance Agents Handling Coronavirus Claims

Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials. In several cities, groups of businesses have filed lawsuits challenging virus exclusions in their business interruption policies, such …

Why Trust When You Should Know?

It is often said that people buy insurance trusting that it will be there when they actually need it, and this is very true. But why trust when you should know? Also true, but rarely said is the following, “Often, …

Why Current Cyber Risk Management Techniques Are Inadequate

Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains poor, and overstated modeling capabilities have brought unjustified confidence and misleading …

Gaps in Coverage Remain Despite Most Firms Having Some Cyber Liability Insurance: Survey

The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. A study commissioned by …

States Will Not Win in Mandating Coronavirus Business Interruption Coverage: S&P

Standard & Poor’s said it does not expect state legislators to succeed in their efforts to retroactively expand business interruption insurance coverage for COVID-19-related losses. The reason: An expectations of fierce insurance industry-fueled legal challenges. “We are taking the initial …

Buffett Says Berkshire Would Write Pandemic Insurance. That Is, If the Price Is Right.

The chairman of Berkshire Hathaway said that while his insurance units aren’t heavily exposed to underwriting losses from the COVID-19 pandemic, the insurer would be willing to cover pandemics in the future. “The answer is we insure a lot of …

COVID-19 Clouding Cannabis Industry Pitfalls Amid Upbeat Outlook

The cannabis industry is being affected by COVID-19 much like other business sectors, but the complexities of this budding industry make its eventual recovery from the pandemic and ensuing economic fallout even harder to predict. Yet that didn’t stop us …

Goodbye Open Plan Office? Hello 6-Feet Social Distancing Workspace?

One-way corridors, buffer zones around desks, and clear plastic screens to guard against colleagues’ coughs and sneezes may become office standards after coronavirus stay-at-home orders are lifted, say occupational experts. Government-mandated lockdown orders to contain the global pandemic have changed …

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