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Emerging Risks in the news

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The announcement of our Emerging Risks Division has been met with an overwhelmingly strong reception, both publicly and in the news. Last week, POWERS Insurance announced the new division, which is focused on applying risk management techniques to the rapidly evolving industries of cannabis, cyber, renewable energy and technology.

JD Powers, president of POWERS Insurance & Risk Management, will lead the division along with POWERS’ Risk Advisor Chris Sullivan. Both have expertise in helping clients navigate risks in the cyber and technology industries.

Full write-ups and press releases on the Emerging Risks Division are included below:

St. Louis Business Journal

St. Louis Post Dispatch

Insurance Journal

APN News

Currently, both Sullivan and Powers are scheduling consultations (either via phone or in person) with business owners seeking to enter the cannabis industry in Missouri. In early March, the agency helped sponsor the first cannabis-focused convention in Missouri, which was hosted by the MoCann Trade Association. The following week, JD Powers traveled to Denver to attend the national Cannabis Cover Masterclass, a 1-day event centered around insurance coverage for the cannabis industry. Chris Sullivan spent time in Colorado as well this month, meeting with owners and leaders in the cannabis industry.

POWERS Insurance’s Emerging Risks Division is hosting a Cyber Liability Summit in early April, in conjunction with Commerce Bank. The free summit is being hosted for business owners and will be taught by cyber liability expert Adam Conner with RPS. The event is already filled to capacity, but we are hoping to schedule another summit in the near future. Additionally, JD Powers is willing to provide a one-on-one consultation for businesses who would like more details about cyber insurance.

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