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.

Analysis

Year in review: Growing cannabis, cyber and weather claims

How the emerging marijuana industry, the sophistication of ransomware and an increase in wildfires are affecting insurance claims.

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Claims activity in 2019 has seen a number of familiar trends such as natural and man-made disasters like flooding, earthquakes and fires as well as mounting cyber claims. In recent years, cyber topped emerging risks as insurers not only scrambled to figure out how to cover incidents but also watched as businesses of all sizes lagged on adopting coverage.

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