Hash oil fires are the next big property risk for insurers
A new wave of butane hash oil explosions linked to illegal cannabis production is causing severe property damage and multi-million-pound insurance losses, posing a growing and under-recognised risk to insurers and landlords, warns James Nathaniel, major and complex loss adjuster at Sedgwick.
Property damage insurance claims linked to cannabis cultivation peaked in 2022 but have since halved, according to Sedgwick data.
This decline reflects insurers’ response to the risk by adding policy
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Trump told insurance not main issue in Strait
Donald Trump’s offer of providing government-backed insurance to vessels travelling through the Strait of Hormuz following the outbreak of war in the region has been described as “limited”.
What Zurich buying Beazley means for the market
Editor’s View: Zurich’s £8.2bn swoop for Beazley is a decisive bet on specialty insurance, which Emma Ann Hughes observes widens the gap between the industry’s supermarket giants and the squeezed middle.
Q&A: Zoe Hughes, Ventis
Zoe Hughes, senior underwriter at Ventis and 2025 MGAA Rising Star of the Year recipient, talks to Insurance Post about her career and how insurance can attract more young talent.
Allianz’s Moon on transforming insurance’s path to equality
Patricia Moon, CEO of Allianz Partners UK and Ireland, explains how flexibility, role models and unlocking talent can accelerate real workplace parity.
Throwback Thursday: Hiscox takeover; Zurich shake-up
Insurance Post’s Throwback Thursday steps back in time to March 1996 to remind you what was going on this week in insurance history when Hiscox bought a rival and Zurich restructured its broker division
From hairdresser to head of risk: a journey in insurance
Kelly Clark, head of risk at Dual, shares how visibility, mentoring, and inclusion helped her thrive in a male-dominated industry.
Marine insurance to navigate choppy waters
How geopolitical tension, supply-chain bottlenecks, climate-driven weather extremes and surging regulatory oversight are making marine insurance challenging is the focus of the latest Insurance Post Podcast.
Iran conflict triggers Lloyd’s war risk review
The London market’s war risk specialists have expanded the geographical areas deemed at heightened risk of conflict following the US and Israeli attacks against Iran.