AGENDA - Los Angeles

8:00 am - 8:45 am

Registration

 

9:00 am - 9:50 am

The blunt truth about cannabis law: insurability and federal regulation

As more states move towards legalized adult-use cannabis, we look at the legalities of providing coverage to the cannabis industry. Explore the legalities, risks and potential exposures for insurance professionals entering the burgeoning cannabis market.

  • How does state regulation of cannabis interact with federal law?
  • What are the legalities of providing coverage across jurisdictions?
  • How does state regulation of insurance allow for coverage of a federally illegal substance to be underwritten?

 

10:00am – 10:50am

Cannabis and commercial insurance: from board members to budtenders

Regulators will soon require new marijuana-related businesses to hold commercial coverage. Discover how traditional lines of coverage are shaped by risks the emerging cannabis market presents.

  • What risks associated with cannabis complicate the writing of traditional commercial property and casualty insurance policies?
  • How does cannabis impact product liability, directors and officers, workplace coverage and general liability coverage?
  • What exclusions do underwriters and brokers need to be most aware of when placing cannabis coverage?

Moderator:

Cassia Furman – Attorney, Vicente Sederberg LLC

Speaker:

Camille Dixon – Statewide Program Manager & Public Affairs Director, California Department of Insurance

 

10:50 am – 11:10am

Refreshment break

 

11:10 am – 12:00pm

How high? Rating cannabis risk and addressing unknown exposures

Lack of claims and loss data leave room for uncertainty when assessing the risk of commercial cannabis clients. This session will provide actuarial insights so that you can gain a better understanding of the insurability of cannabis.

  • What can underwriters draw upon from parallel industries like tobacco and liquor to better understand cannabis?
  • How does lack of claims data impact risk rating and policy language?
  • In what ways can proxies demystify cannabis and lend legitimacy to the industry’s coverage needs?

Speaker:

Karen Landrum – Consulting Actuary, Merlinos & Associates

 

12:00 pm – 1:00 pm

Lunch

 

1:10 pm – 2:00 pm

Best-practices from seed to point of sale: cannabis coverage case study

Knowledge of the recreational and medicinal cannabis markets is essential for insurance professionals looking to enter this lucrative and complex area. Secure a seat at this session for a background of how cannabis businesses operate, the coverages they need and the risks they face now and in the future.

  • What is the role of policy language on the insurability of your client?
  • Professional liability and the cannabis industry
  • What dynamics and partnerships are most critical to accurately insuring a cannabis client?

 

2:00 pm – 2:20 pm

Refreshment break

 

2:20 pm – 3:10 pm

Blazing ahead: innovations in underwriting and the provider perspective

A panel of insurance experts discuss the challenges of securing underwriting for commercial cannabis risks and the steps necessary to legitimizing this emerging market’s place among other insurable industries.

  • What role will the admitted market play in the current and future landscape of cannabis coverage?
  • What regulatory framework needs to be in place to support an admitted market?
  • How can the non-admitted market address coverage demands in the meantime?

Moderator:

Cassia Furman – Attorney, Vicente Sederberg LLC

Speakers:

Hunter Garth – Managing Director, Iron Protection Group

Susan Preston – Founder, PPIB

 

3:15 PM – 4:45 PM

Networking reception presented by:

Cannabis-Sponsor Netrate

 

GET IN TOUCH

Key Media Inc.

MEGAN ROTH
National Sales Manager - Events & Conferences
T: 303.800.4370
E: megan.roth@keymedia.com

Registration hotline: 303.800.4370

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