Instant Insights / Marijuana and the Insurance Industry

Cannabis businesses face unique risks and challenges, and insurance slowly gaining its footing on how to properly insure this budding industry.

Commentary

Cannabis coverage conundrum: Was this property claim doomed?

One recent case raises several important insurance issues for policyholders and previews likely battlegrounds for future cannabis coverage disputes.

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The U.S. Court of Appeals for the Sixth Circuit recently upheld dismissal of KVG Properties Inc.’s claims under a first-party property policy arising from damage to KVG’s office spaces due to tenants’ use of cannabis-growing operations. [K.V.G. Properties, Inc. v. Westfield Insurance Co. (No. 17-2421, 6th Cir. Aug. 21, 2018)]

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