Original source: https://www.readingeagle.com/business-weekly/article/insurers-face-hurdles-serving-cannabis-clients
Our intent is to browse the net effortlessly to reach out to you to understand to the importance of keeping a Property Damage Adjustment Consultant in your corner. Read this article we ran across.
Reading Eagle (PA) (09/16/19) McGaw, Jeff
Some 300 million acres of farmland were protected nationwide through the Federal Crop Insurance Program in 2018, including 1.2 million acres in Pennsylvania, based on information released by the Federal Crop Insurance Program. A farmer in California had a crop insurance policy which provided $1 million for his greenhouse bud crop after the 2017 Thomas fire in coverage. The National Association of Insurance Commissioners (NAIC) shaped a Cannabis Insurance Working Group to determine insurance issues, gaps, and opportunities confronting the cannabis business and to identify best regulatory practices to deal with those difficulties. “Even where coverage is available, the underwriting criteria may be quite so strict as to prevent businesses from actually obtaining the insurance,” says a spokesperson for the Pennsylvania Department of Insurance. “In the NAIC conference in San Francisco, we took testimony about this particular matter and one thing that pops out is that insurance companies who are willing to insure the cannabis industry place requirements on insureds they would not place on another organization.”… Read More
We appreciate you! And please contact us if you need some help when arguing with your insurance broker. NO claim, NO fee!
Original source: https://www.readingeagle.com/business-weekly/article/insurers-face-hurdles-serving-cannabis-clients
Our intent is to browse the net effortlessly to reach out to you to understand to the importance of keeping a Property Damage Adjustment Consultant in your corner. Read this article we ran across.
Reading Eagle (PA) (09/16/19) McGaw, Jeff
Some 300 million acres of farmland were protected nationwide through the Federal Crop Insurance Program in 2018, including 1.2 million acres in Pennsylvania, based on information released by the Federal Crop Insurance Program. A farmer in California had a crop insurance policy which provided $1 million for his greenhouse bud crop after the 2017 Thomas fire in coverage. The National Association of Insurance Commissioners (NAIC) shaped a Cannabis Insurance Working Group to determine insurance issues, gaps, and opportunities confronting the cannabis business and to identify best regulatory practices to deal with those difficulties. “Even where coverage is available, the underwriting criteria may be quite so strict as to prevent businesses from actually obtaining the insurance,” says a spokesperson for the Pennsylvania Department of Insurance. “In the NAIC conference in San Francisco, we took testimony about this particular matter and one thing that pops out is that insurance companies who are willing to insure the cannabis industry place requirements on insureds they would not place on another organization.”… Read More
We appreciate you! And please contact us if you need some help when arguing with your insurance broker. NO claim, NO fee!