INSURERS PAYING POT CLAIMS
According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose backyard pot plants were stolen by thieves or confiscated by police. The payouts are not based on the street value of the drug, but AP reported that one insurer paid $12,375 to a man who lost three pounds of pot to an armed intruder. Currently, eight states allow medical marijuana: California, Oregon, Washington, Arizona, Alaska, Hawaii, Colorado and Maine.
Popular Today
- Insurance Companies Feeling the Pressure in Iowa and the Midwest
- Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
- Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Strong Q1 Net Income of $1.1B
- High Court: E-Scooter Rider Hit by Car Not Eligible for No-Fault PIP Benefits