Wildfire risk upends California cannabis insurance
The $5 billion industry is under threat as insurers pull out and the state-created FAIR plan fails to cover growers.
Transformation is underway in P&C commercial lines — finally!
The nature and speed of the transformation will play out quite differently for small/medium/large commercial, workers’ comp and specialty lines. And the stage of the transformation journey may be very different based on business strategies, the appetite for innovation, emerging technologies, InsurTech, and the geographic scope of the insurer.
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The $5 billion industry is under threat as insurers pull out and the state-created FAIR plan fails to cover growers.
The details related to any business operation dictate the type and extent of necessary insurance for that enterprise.
Wildfire risk has increased by 40% during the last three decades in California's forest-adjacent urban areas.
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