CLAIM Act

U.S. Senator Bob Menendez (D-NJ), a senior member of the Senate Banking Committee and Chairman of the Subcommittee that oversees the insurance industry reintroduced the bipartisan Clarifying Law Around Insurance of Marijuana (CLAIM) Act on Tuesday. The legislation aims to enable...

On Thursday, Rep. Nydia M. Velázquez (D-NY) and Rep. Warren Davidson (R-OH) introduced the Clarifying Law Around Insurance Marijuana, or CLAIM Act, which would prevent federal criminal prosecution of insurers and end civil liability for brokers, agents, and insurers that deal with companies...