Following record-setting levels of rainfall in the Carolinas from Hurricane Florence, businesses both in and outside of affected areas will likely be reviewing their flood coverage to assess how it will respond to adverse weather events. Although private flood insurance is on the rise, the National Flood Insurance Program (NFIP) remains by far the biggest
Property Insurance
Coverage for Cannabis? How Cannabis’s Legal Limbo Affects Property Insurance Policies
By Alex Purvis, Whitt Steineker & D. Butler Sparks on
A recent federal court of appeals’ decision raises interesting questions for all policyholders, particularly commercial and residential landlords with tenants that grow, possess, and/or distribute cannabis, even where it is legal to do so under state law.
In K.V.G. Properties, Inc. v. Westfield Ins. Co., decided by the United States Court of Appeals for…