Keyword
cannabis
The state of insurers’ risk appetite one year after pot legalization
September 12, 2019 by Greg MeckbachBusiness clients in the cannabis industry are having a hard time finding some insurance coverages, A.M. Best Company Inc. warned in a report released Thursday. “Coverage available to canna-business owners remains in short supply,” A.M. Best said in its annual…
Corporate Headwinds
August 1, 2019 Jeff BucksteinCorporate boards in Canada face different exposures today than they did in the past. How has D&O insurance changed to help boards face these new challenges?
Ask the right questions
June 17, 2019 Chloe Mathioudakis, Litigator, Field Law; and Erika Carrasco, Partner, Field LawPost-marijuana legalization, how will adjusters know if a driver is “intoxicated”?
Over half of Ontario cannabis store openings delayed
April 3, 2019 Shawn Jeffords and Armina Ligaya - THE CANADIAN PRESSCustomers lined up at Ontario’s first brick-and-mortar cannabis stores on Monday, but fewer than half of the province’s government-licensed outlets were ready to open. The Progressive Conservative government had planned to have 25 private stores launch on April 1, but…
Poison reports up in wake of cannabis legalization
March 18, 2019 THE CANADIAN PRESSHALIFAX – Atlantic Canada’s largest children’s hospital is warning parents about the risks of edible weed after a flood of cannabis-related calls to its poison centre. The IWK Health Centre says it fielded three times as many cannabis calls to…
How recreational cannabis has created numerous challenges for insurers
March 14, 2019 by Greg MeckbachCannabis legalization is making things more complex for auto insurers and increasing risk for some commercial property clients, A.M. Best Company Inc. suggests in a recent report. About 25 insurers, most of whom are non-admitted, provide coverage for cannabis risks…
Cannabis Confections
March 7, 2019 Jason Contant, Online EditorThe potential claims and underwriting effects of insuring marijuana edibles
The type of claims that may arise from legalization of cannabis edibles
February 14, 2019 by Jason ContantWith the upcoming legalization of edibles containing cannabis this October, Canadian claims adjusters may see more indirect injury loss and damage claims, suggests a lawyer with Field Law in Calgary. Compared to regular smoked marijuana, edibles have a more delayed…
Has Intact noticed the impact of pot legalization on auto claims?
February 6, 2019 by Greg MeckbachRecreational cannabis has been legal for nearly four months, but it’s too early for Canada’s largest property and casualty insurer to tell whether it’s having an impact on auto claims frequency. Senior managers with Intact Financial Corp. were asked Wednesday…
How your commercial clients are exposed to pot liability even if they don’t produce cannabis
January 25, 2019 by Greg MeckbachMarijuana poses a liability risk for commercial clients even if they are not in the cannabis business, an insurance lawyer suggests. Suppose your client operates a hotel where a party takes place. If someone smokes cannabis at that party, drives,…
Quebec’s cannabis agency cuts back expansion plans amid shortages
January 24, 2019 Julien Arsenault - THE CANADIAN PRESSMONTREAL – Quebec’s cannabis agency generated about $40 million of sales in its first three months of operation, but supply shortages are forcing the public retailer to reduce its expansion plans. The province expects to have 40 points of sale…
An adjuster’s take on the hazards of cannabis edibles
January 14, 2019 by Jason ContantEdibles containing cannabis are expected to become legal in Canada later this year, so insurance professionals are encouraging social hosts and commercial establishments to ensure their guests are consuming these products responsibly. With the legalization of recreational marijuana in Canada…