NAIC's Cannabis Insurance Working Group will address the issue of insurance availability for the legalized cannabis industry. (Photo: Shutterstock)
On Tuesday, the National Association of Insurance Commissioners (NAIC) voted to establish a Cannabis Insurance Working Group to address the issue of insurance availability for the legalized cannabis industry.
The initiative was led by California Insurance Commissioner Dave Jones. He proposed that the NAIC establish this working group to enable state insurance regulators to better understand the insurance coverage gaps for the legalized cannabis industry and how to best address these coverage gaps and other cannabis insurance regulatory issues.
In recognizing Jones' efforts, the NAIC appointed the California Insurance Commissioner as chair of the newly established Cannabis Insurance Working Group.
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
