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We just received word from our underwriting groups that more insurance carriers are just around the corner from offering product liability insurance for cannabis companies. This product segment has been severely limited with one underwriting group dominating this segment with complex and misunderstood underwriting standards operating as a monopoly, in our opinion. Consequently, more competition will relieve pressure on the marketplace not only for the cannabis industry, but retail insurance brokers serving this market.
We’ll keep you posted with this great news when we launch new insurance coverage for product liability.