An Introduction to McGowan Wholesale Cannabis Insurance

The Current State of The Industry The demand for cannabis insurance continues to grow each year. As of now, 38 states and Washington, D.C. have legalized medical cannabis, and 19 states and D.C. have legalized recreational, adult-use cannabis. The conflict between state and federal law makes compliance a minefield for cannabis-related businesses (CRBs). CRBs face […]

Parametric Insurance: Protection against California’s Wildfires

In California, abundant rain from earlier in the year has helped delay the wildfire season, but it has also produced vegetation that has since dried and is expected to burn. Officials are warning that wildfires will follow. Already, California has experienced 3,370 wildfires this year, with more than 20,000 acres burned. As more wildfires will […]

Should you invest in E&S Insurance?

An iPad sits on a desk with an insurance claim form appearing on the screen.

The Excess & Surplus (E&S) Insurance market is seeing incredible growth, driven by high-risk events such as climate disasters, COVID-19, and supply line challenges. In fact, E&S premiums exceeded $31 billion in just the first half of 2022, with further growth expected throughout 2023. Why is this specialty market growing so quickly, and what do […]

Parametric Insurance: Protect your Business from Elevated Hurricane Risk

McGowan - Protect your Business from Elevated Hurricane Risk with Parametric Insurance

Hurricane season runs from June 1st to November 30th each year, bringing dread to coastal communities. Businesses in “hurricane alley” may take months or even years to fully recover from property damage incurred from even modest storms. Weather data from recent years shows a trend toward highly active hurricane seasons. Forecasters predict that 2022 will […]

The Effects of Inflation on the Insurance Industry

Effects of Inflation on the Insurance Industry

…And How to Protect Yourself Inflation has become a hot topic in recent months, and unfortunately, it’s not going away any time soon. While it may be easier to understand the impact when we see prices at the grocery store, inflation influences much more than that. In this blog, we’ll outline three ways inflation has […]