Tag: Business Insurance

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Digger’s Polaris, two October 2021 decisions that held that the Workers’ Compensation Court of Appeal lacks jurisdiction to determine whether the Controlled Substances Act preempts state law, as it would require interpreting federal law. Workers compensation judges in both cases had ruled that ongoing congressional appropriation riders prohibiting the DOJ from prosecuting acts that comply […]

While more insurers are examining the captive sector, many companies find it tough to buy coverage that sufficiently protects their operations, said Jeffrey C. Large cannabis cultivators with few locations would be big enough to own a captive but would not have the diversity of risk to quality as an insurer under IRS guidelines, Mr. […]

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A draft of the new legislation was not immediately available Monday. …Read the full story

2095, which would create a statewide cannabis program that explicitly exempts workers compensation insurers and self-insured employers from paying for or reimbursing anyone for the costs of using medical cannabis. The bill would also say that if payment to a cannabis dispensary is not feasible, employers and insurers would be required to reimburse injured workers […]

But the redacted details go to the heart of the state health plan, such as how many prescriptions it covered in 2018 and 2019 and their cost, critics say. …Read the full story

“For a long time, workers compensation did not consider medical marijuana a treatment option. Mendota Heights Dental Center et al., determining employees cannot be financially reimbursed for their use of medical cannabis to recover from a workplace injury on the basis that cannabis remains classified as a Schedule I controlled substance under federal law, and […]

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“There’s very limited participation in the cannabis market on the side of the insurance carriers, so there is a strong desire by the departments of insurance to encourage more market participation. The excess and surplus insurers that write much of the cannabis industry coverage “have the ability to manuscript policies,” which ultimately leads to a […]

While discussing alternative risk transfer, Matt Grimes, vice president of the cannabis specialty group at Hub International Ltd. The best way to describe cannabis D&O is “a hard market within a hard market — very firm and difficult to operate in. …Read the full story

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