Market Insights

Insurance markets are grappling with how to mitigate semaglutide risks effectively. There's no one-size-fits-all approach; underwriters and carriers are navigating the landscape differently. Working with a knowledgeable broker who understands the nuances of this evolving market can make all the difference

Cannabis-infused products are being used outside of traditional settings and businesses are facing escalating liability concerns stemming from cannabis-induced intoxication. Learn more about how business owners in this space can prioritize risk management.

The cannabis insurance market has undergone notable transformations and shifts in recent years with insurance providers refining their offerings to meet the unique needs of the sector. In general, the market is seeing price compression and downward pressure – particularly in western states that were the first to enter this emerging market. And, while the property and casualty markets remain challenged, the general liability insurance market continues to be more widely available.

The FDA has announced that existing regulatory systems for food and beverage products infused with cannabidiol (CBD) are being updated to help address consumer safety concerns – especially those regarding the long-term use of CBD infused products.

Recent research studies regarding the health and safety of cannabis and hemp products have become leverage for some attorneys. As a result, companies that aren’t prepared for these emerging product liability risks could find themselves facing costly lawsuits.

Product liability coverage without restrictions for any disease, illness or health condition should be the clear preference for all insureds, but the absence of a health hazard exclusion from the forms list does not necessarily mean coverage is broader. It’s critical for insurance professionals to understand the nuances of the many coverage forms available to effectively advise clients. This article will explore the various health hazard exclusions and how you can ensure your clients have the proper coverage to meet their needs.

Businesses must be aware of the strict regulatory demands placed on the dietary supplement industry by the Food and Drug Administration (FDA).

This article will explore the challenges posed by the booming minor cannabinoid industry, recent court rulings that significantly impact the space, and coverage concerns that agents and brokers should be aware of when insuring this burgeoning industry.

The demand for insurance in the cannabis industry has grown exponentially over a very short period. And while more states have legalized cannabis, the industry remains relatively untested, with limited coverage options and capacity. ​This articles explores what agents and brokers should know when it comes to insuring this specialty market and the challenges they’ll face when putting cannabis operations on the books.

Businesses of all types rely on the laboratory testing services industry to perform tests on items ranging from consumer goods and food products to construction materials and industrial components. Since testing labs span numerous industries, each with their own regulation standards and risk factors, insureds need a policy that is designed to specifically address their unique needs. This article highlights four areas that should be thoroughly considered when developing a coverage plan for testing labs.

​Given the rapid growth and the normalization of cannabis as an industry, various operations throughout the cannabis distribution chain continue to face unforeseen financial exposures. This article addresses these exposures and four key areas of professional lines coverage that retail agents should access to ensure that they are offering a complete portfolio of protection to their clients within the cannabis industry.​

​Over the last few years, the legal cannabis industry has seen rapid growth and had a significant impact on the U.S. economy. With states continuing to legalize its use, insurance needs for cannabis-related businesses are becoming a popular topic of discussion. This article examines the evolving cannabis industry by exploring five key issues impacting coverage.