Cannabis Insurance Group Expands Coverages, Adds Managing General Agent

Garnet Underwriting Managers (GUM), the managing general underwriter assigned to manage Garnet Casualty Insurance Corporation, has signed its first managing general agent, Conway E&S of Warrendale, Penn. This is a step in Garnet Underwriting Managers’ continued advancement of its cannabis insurance offerings.

The casualty insurance group has also announced an indoor grow offering of insurance products, with exclusive offerings available to partners in the National Cannabis Risk Management Association (NCRMA).

These products are offered through brokers who are qualified members of the NCRMA’s appointed broker program. This program was launched by the NCRMA to provide its members access to qualified and vetted cannabis insurance agents able to meet their risk management needs and objectives. There are currently 15 such appointed brokers in the program, with several others under review.

The non-profit is holding its first conference, NCRMA2020, March 22-24 at Bally’s in Las Vegas. In addition to networking, attendees will receive a live demonstration of NCRMA’s risk management platform.

Source: Garnet Underwriting Managers

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