VUE Software Blog Is Cannabis the Insurance Industry's Newest Headache or Opportunity?

The insurance industry is concerned about the legality of insuring a product (medical cannabis) that is Illegal per federal law and has not been approved by the Federal Drug Administration. Apart from Federal law, banking regulations and risks associated with farming-like fires, flooding, and insect infestation-these are the main challenges for Life and P&C carriers and actuaries. Regardless of the challenges, carriers are preparing for the day when federal laws change and remove the legal barriers and reputational risks of providing insurance coverage for the cannabis industry.The post Is Cannabis the Insurance Industry's Newest Headache or Opportunity? appeared first on VUE Software.