One industry observer believes mislabeling claims, false advertising claims, and consumer class actions alleging deceptive business practices, in terms of what’s on the label, such as health claims, will become more common as the industry continues to grow.
It’s still early, but claims experience thus far in the cannabis insurance market is encouraging, according to one leading writer.
“So far, we’re optimistic that we’re going to see that our experience is going to be better than our other lines of business,” said John Donahue, president and CEO of Topa Insurance Co., which offers cannabis products in more than a dozen states.
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Don Jergler ~ InsuranceJournal.com ~
