Cannabis insurance News

Insurers Remain Cautious About Marijuana Insurance Market

The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report. One of the key barriers …

Agents Warned About E&O Risks in Claiming Cyber, Cannabis Expertise

Insurance agents and brokers who market themselves as experts in cannabis or cyber could wind up regretting that positioning. Because both are relatively new exposures subject to changing regulations and coverages, producers marketing themselves as experts could face scrutiny, lawsuits …

Cannabis- Related Insurance Simplified with Big Pine Insurance

Rancho Cucamonga, CA, October 17, 2018- Anyone who wants to partner with a forward-thinking insurance agency should look no further than Rancho Cucamonga’s Big Pine Insurance. Cannabis-related insurance coverage used to be ridiculously complicated, but just as government regulations have …

Cannasure Hires Kieran O’Rourke as Director of Underwriting

Cannasure Insurance Services (Cannasure), a managing general agent and wholesale broker specializing in cannabis insurance, and based in Cleveland, Ohio, has hired Kieran O’Rourke to lead its MGA underwriting platform. O’Rouke has more than 20 years property/casualty underwriting and senior …

Filling Approved for First Admitted Insurer in California to Sell Cannabis Insurance

The California insurance commissioner has approved the first filing by an admitted commercial insurance company to sell cannabis business insurance. Insurance Commissioner Dave Jones on Thursday announced the approved filing from Golden Bear Insurance Co. “This is the first of …