News Brief

Insurance Journal Covers Stewart’s Appearance on Claims Experience Webinar

June 3, 2019

Ian Stewart (Partner-Los Angeles) was quoted in “Early Cannabis Insurance Claims Experience Differs from Expectations,” an article in the May 29, 2019, edition of Insurance Journal. The article cited comments made during an hour-long Insurance Journal webinar, “Cannabis & Insurance, What You Need to Know About the Budding Business,” which aired live on May 15. When the cannabis industry was just getting started with adult-use being legalized only in a few states, Ian said, the belief was that most of the claims would involve people being injured or injuring others after consuming a cannabis product. “And certainly, there’s a few of those suits, but they are not nearly as prevalent as expected two years ago, which I think is good news for the industry,” he said. “Instead, we’re seeing … recalls, contamination claims and problems with the testing labs.” Ian believes mislabeling claims, false advertising claims, and consumer class actions alleging deceptive business practices in terms of what’s on the label, such as health claims, will become more common as the industry continues to grow. 

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