"Now that the legislation has passed the House, the Big 'I' encourages the Senate to take action on cannabis legislation," Joseph Cortina, Big "I" director of federal government affairs, said in a statement. (Credit: TayHamPhotography/Shutterstock)
Major players in the property & casualty insurance industry reacted positively to the U.S. House of Representatives passing H.R. 1595, the SAFE Banking Act of 2019.
The SAFE Banking Act includes key provisions from an insurance-focused cannabis bill that could protect insurance agents involved in servicing cannabis-related businesses in states where such business is legal. The vote was 321-103.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
