In the first jury award on COVID-19 losses, the jury agreed with Baylor that if present, COVID-19 does cause damage to property. https://t.co/7DkA0lWpZ8 via @lawdotcom
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The #1 reason why I am 100% cool with staying in Cincinnati. No earthquakes, no hurricanes, no tsunamis, maybe a tornado every 10 years, and some flooding but not if you choose the right place to buy. Story from @PC_360 in the comments!
@PC_360 2/2 increasingly necessary. As always with cannabis and insurance, more of these policies would likely be available if the CLAIM Act were passed into law.
@PC_360 1/2 #420InsuranceTweets As e-businesses, networks, and information assets are not always covered by traditional general liability policies, and are used increasingly in cannabis business operations, cyber policies that provide coverage for cannabis businesses are becoming. . .
@IanStew61864414 @PC_360 Yes! I was going to say, cyber threats are increasingly affecting more and more aspects of our lives and the cannabis industry will be no exception
@PC_360 As the industry changes, more insurance companies are offering cannabis coverage, and more cannabis-specific insurance companies are emerging. Cannabis companies are becoming more aware of the coverages they need and insurers are providing specialized coverage for cannabis risks.
@PC_360 3/3 The technology on this testing is ever-changing, but as far as I know they have yet to develop a test that can test the effect of cannabis as opposed to the mere presence of the drug in a person’s system. #420InsuranceTweets
@PC_360 2/3 such as driving, adequately, such tests for cannabis “intoxication” are not as accurate in telling whether a person is still suffering from the neurological effects of cannabis consumption, or if the effects wore off hours, days, or weeks before the test was administered.
@PC_360 At this point I feel like it is too close to the election for huge moves like passing either Act into law. That being said, I think the CLAIM Act will pass first and then the MORE Act will pass.
@PC_360 2/3 possessing cannabis. The CLAIM Act would provide a safe harbor for insurance companies that provide services to cannabis-related businesses in jurisdictions where such activity is legal. While at this point the CLAIM Act would be highly beneficial to the insurance industry.