Agenda

CANNABIS COVER MASTERCLASS LOS ANGELES | MARCH 26, 2020

8:00 am

Registration and networking breakfast

8:55 am

Opening remarks

9:00 am

Panel discussion – Understanding new regulations and market conditions

The cannabis industry is fast-moving and is subject to fluid market conditions. Changes can occur on almost day-to-day bases. In this panel discussion, hear from industry experts on new regulations and market trends within the cannabis industry that are impacting insurers nationwide.

  • What are the insurance implications of the SAFE Banking Act, vaping laws and other 2019 regulatory acts?
  • Are there new or evolving cannabis related regulations occurring in 2020 and beyond?
  • How is the insurance market evolving under new laws to support industry developments?

David Ritter

Attorney, Ritter Spencer

Kevin Maher

Senior Underwriter, Canopius Group

9:45 am

Panel discussion – Cannabis 101: what cannabis clients need in a coverage policy

The cannabis industry is an extremely underserved market segment. Companies struggle to find coverage that serves every one of their changing needs. In this panel discussion, hear from leading cannabis companies on the inner workings of their businesses to gain insight to where risk lies, and what coverage is needed.

  • What are the key risk areas unique to the commercial cannabis industry in need of more comprehensive coverage?
  • How are cannabis companies currently mitigating loss and how do these best practices impact coverage?
  • What insurance products exist that have served cannabis companies well in the past? What is currently lacking with these products?

Rocco Petrilli

Chairman, The National Cannabis Risk Management Association

Chris Boden

Cannabis Practice Group Team Leader, Crouse and Associates Insurance Brokers

10:30 am

Morning refreshments and networking break

10:50 am

Insuring a controlled substance: a deep dive into product liability

High risk businesses, such as cannabis, present particularly complicated liabilities. What if someone is injured whilst using cannabis products or has a bad reaction? Do your client’s current policies cover those losses? This session deep dives into product liability and insurance solutions best suited to protect your clients.

  • Where does the liability lie if a consumer is injured, becomes ill or has a bad reaction from a product?
  • What lessons can we learn from previous cases of loss stemming from holes in product coverage?
  • How can clients be protected against product risk as the market continues to expand?
  • Kevin Tarango

    Insurance Broker, Heffernan Insurance

    11:30 am

    Lunch

    12:45 pm

    Panel discussion – Strategies for effective claims handling

    Loss is inevitable in high risk industries and cannabis is no exception. This panel discussion examines the latest claims trends and coverage pitfalls seen throughout the industry, and the best practices for assessing loss.

    • What are the most common trends in cannabis loss claims?
    • Where have coverage policies fallen short, leaving room for costly losses?
    • What are the best strategies for handling and accessing claims when they occur?

    Travis Clifford

    Commercial Property Supervisor, Effective Claims Management Inc.

    Gerrit Nagarwalla

    Claims Supervisor, Canopius Group

    1:45 pm

    Networking break

    2:15 pm

    The key to insuring across stateliness

    The cannabis market is one of the fastest growing industries in the US. Though more states legalize every year, discrepancies still exist between federal and state cannabis law. This session looks at how to overcome these boundaries when insuring across state lines.

    • How do state-by-state regulations and conflicts with federal cannabis law impact the insurance market?
    • What are the challenges and liabilities associated with cannabis companies operating, selling and transporting goods across state lines?
    • What solutions are available for transactional risks as cannabis business expand nationwide?

    2:50 pm

    Panel discussion – Market expansion: The ins and outs of the booming hemp and CBD industry

    While cannabis continues to be federally illegal, Hemp and CBD products have flooded the market in recent months, with different coverage requirements and regulations. This panel of experts explains the hemp market’s status, new regulations, coverage opportunities and loss mitigation techniques in this sector.

    • What are defining differences between the hemp, CBD and cannabis industries?
    • How have recent changes to regulations, including the 2018 Farm Bill and FDA codes, effected the insurance industry in this sector?
    • What unique liabilities does the hemp and CBD market present?

    Wayne Richman

    Founder & Executive Director, California Hemp Association and California Hemp Foundation

    Aryn Sieber

    Founder & CEO, CannaCauses Foundation

    Greg Fanoe

    Actuarial Consultant, Merlinos & Associates, Inc.

    Susan Etter

    Vice President, Professional Program Insurance Brokerage

    3:50 pm

    Closing remarks

    4:00 pm

    End of Cannabis Cover 2020

    Copyright © 2019 - Key Media Pty Ltd. - All rights reserved