Insurance

New House bill joins measure in Senate in push to extend HSA coverage to supplements

13-Sep-2021 By Hank Schultz

A bill has been introduced into the US House of Representatives that would allow Health Savings Account (HSA) funds to be used to pay for dietary supplements. The bill mirrors most of the provisions of a bill already in the Senate.

NEWS IN BRIEF

American Botanical Council names Dick Griffin as ABC Champion for 2017

23-Feb-2018

The nonprofit American Botanical Council (ABC) announces insurance broker Richard “Dick” Griffin as the recipient of its ABC Champion Award for 2017.

LifeScienceRisk expands Prop 65 coverage for more chemicals, tea

02-Oct-2017 By Stephen Daniells

LifeScienceRisk (LSR) has added five new chemicals to its list for coverage in its California Proposition 65 (Prop 65) insurance for the herbal product and dietary supplement industries.

UNPA adds 10 associate members

13-Apr-2016 By Hank Schultz

The United Natural Products Alliance has added 10 associate members, the organization announced today. The new members, which include William Reed...

Major product liability insurance provider exits dietary supplements business

11-Feb-2016 By Hank Schultz

A major product liability provider is exiting the dietary supplement field, but observers of insurance trends said it’s unlikely to have big impact on insurance rates or availability.

Higher insurance limit requirements becoming industry-wide trend, broker says

24-Jun-2015 By Hank Schultz

Distributors across the dietary supplement and natural products businesses are requiring higher liability insurance limits for their suppliers. That’s the bad news; the good news is that the insurance is cheaper than it has been in a while, said an independent...

Beazley turns up competition in insurance realm with new program specific to supplement companies

22-Apr-2015 By Hank Schultz

Another competitor has arrived in the specialized sphere of insurance for dietary supplement companies in the United States with a new program offered by Beazley Group, a worldwide insurance provider with headquarters in the United Kingdom.

Genysis Brand Solutions joins UNPA’s new Platinum Liability Insurance Program

11-Mar-2015 By Stephen DANIELLS

Utah-based Genysis Brand Solutions is the first company to sign up for the Platinum Program offered by Chicago-based insurance broker RT Specialty, in collaboration with the United Natural Products Alliance (UNPA).

UNPA unveils insurance plan offering enhanced coverage for companies that clear high quality bar

19-Feb-2015 By Hank Schultz

The United Natural Products Alliance has announced a new insurance program designed especially for the needs of the dietary supplements industry.  The program takes a detailed look at company operations in the rate setting process and qualifying for the...

Protecting against label claims lawsuits

09-Jan-2013 By Hank Schultz

Labels provide information to consumers, and unfortunately, to class action lawyers, too. Suits over false advertising based on label claims are an ever-rising threat.  For companies seeking to shield themselves via insurance, here’s the bad news:  There...