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News from Chubb, SafeHerb, USI Insurance Services and more. (Photo: Shutterstock)

Chubb launched its next generation of crime insurance offering, The Chubb PrimarySM Commercial Crime Insurance, to help companies of all sizes and industries protect themselves from criminal activity both inside and outside their organizations. The Association of Certified Examiners in its 2020 Report to the Nations finds that occupational fraud caused organizations to lose more than $3.6 billion globally from 2018-2019. Additionally, the FBI’s Internet Crime Complaint Center in its 2019 Internet Crime Report reported it received 23,775 business email compromise complaints, resulting in $1.7 billion in losses.

SafeHerb introduced a commercial insurance product that will provide a full suite of insurance protection for the cannabis and hemp industries. SafeHerb’s Cannabis & Hemp Insurance provides “seed to sale” coverage, in-house loss control services and claims are handled by Avant Specialty Claims. The SafeHerb coverage includes:

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