Live Insurance News

Medical marijuana may not always be covered by homeowners insurance

October 30, 2014October 28, 2014 Julie Campbell

This legalized drug has been drawing attention within several coverage sectors, including property. As the legalization of medical marijuana spreads throughout an increasing number of states, questions about the coverage that will be provided in areas such as health and homeowners insurance have started to arise from consumers. The obvious coverage is in terms of health, but property and liability insurance also plays a vital role. Consumers now want to know if their homeowners insurance will pay out if their medical marijuana plants are ever destroyed by a house fire…

Life insurance companies discriminate against marijuana users

April 1, 2014March 29, 2014 Julie Campbell

A newly published report suggests that insurers require these consumers to pay more for policies. A website that provides consumers with life insurance quotes has now released a new report that suggests that people who use marijuana will usually have to pay more for their policies than people who do not. The report is drawing industry attention from both insurers, agents, and consumers alike. This recent news was published under the title “Marijuana Users Discriminated Against by Life Insurance Companies.” It was released on the LifeAnt website and explained that…

Insurance brokers are looking to the marijuana “green rush”

February 17, 2014February 15, 2014 Julie Campbell

As a growing number of areas start to legalize medical and even recreational use of cannabis, a new market is growing. Many areas across the United States – as well as in various other parts of the world – there has been a growing momentum on a political and cultural front to legalize both the medicinal and recreational use of marijuana, and insurance brokers are among those who have spotted a considerable change in business that is now on its way. There are a number of opportunities that could rapidly…

Insurance industry changes ahead with legalized marijuana

January 29, 2014January 27, 2014 G. Turner

Medical Marijuana Auto insurance statistics

There will be a number of differences on their way, and within more than one sector. From the moment that marijuana was legalized in the United States, some of the largest cannabis derived food and drug developers saw their shares skyrocket, as other sectors, such as the insurance industry, began a notable transformation in several directions. This legislation affects policies, companies providing related services, and even equipment producers. What had previously been an environment that was completely in the black market has now emerged to implicate everything from the insurance…