Cannabis insurance bill could widen carrier options in E&S-heavy market
Velázquez introduced a bill to protect insurers serving qualifying cannabis businesses from certain federal penalties.
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tl;dr
Representatives Nydia Velázquez and Warren Davidson introduced a bill that would protect insurers serving state-legal cannabis businesses from certain federal penalties. Supporters say the measure could widen coverage options, though market risks and capacity limits would remain.
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NMNydia M. VelázquezD-New York-7
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