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Wildfire risk has increased by 40% during the last three decades in California's forest-adjacent urban areas.
The $5 billion industry is under threat as insurers pull out and the state-created FAIR plan fails to cover growers.
Separate from crop insurance, agribusiness coverage is increasingly in demand to protect other food-chain assets.
Employers should review drug-testing policies and be aware that state laws vary.
Excess, surplus and specialty insurance lines have grown as admitted carriers pulled back amid hard-market conditions.
Rescheduling the plant may not be enough to alleviate the cannabis industry's insurance and banking headaches.
Premiums across all lines increased an average of 5.2% in the second quarter of 2024.
Higher premiums and coverage-limit requirements reflect the growing laundry list of today's event risks.
This week's update includes insurance industry news from Ford Pro, Artex Risk Solutions, Insurity and more.
More than 285 million tourists travelled internationally between January and March of 2024.