The California Department of Insurance recently approved three new insurance carriers to provide coverage for the emerging cannabis industry. Insurance Commissioner Dave Jones announced last week that The North River Insurance Company, United States Fire Insurance Company, and White Pine Insurance Company will all begin offering surety bonds for cannabis businesses by the end of the month.
Continue Reading California Insurance Regulators Approve Three New Cannabis Insurers
Admitted Insurance
Golden Bear Becomes First Admitted Carrier to Offer Marijuana Coverage in California
By Michael S. Levine & Geoffrey B. Fehling on
Last week, Golden Bear Insurance Company became the first admitted insurer approved by the California Department of Insurance to provide insurance coverage for marijuana companies. Golden Bear will now begin offering first- and third-party insurance coverage specifically targeting marijuana companies in the state.
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Continue Reading Golden Bear Becomes First Admitted Carrier to Offer Marijuana Coverage in California