- California Insurance Commissioner Ricardo Lara issued Bulletin 2020-3 requiring insurers to refund premiums to policyholders of several lines of insurance, including automobile insurance, workers compensation and property...more
4/16/2020
/ Auto Insurance ,
Casualty Insurance ,
Commercial Insurance Policies ,
Coronavirus/COVID-19 ,
Department of Insurance ,
Insurance Commissioners ,
Insurance Industry ,
Premiums ,
Property Insurance ,
Refunds ,
Retroactive Application ,
Risk of Loss
Like each of us, insurance regulators throughout the United States are dealing with the COVID-19 pandemic. Like the broader insurance industry, insurtech companies are striving to ensure continued operations, and insurance...more
COVID-19 continues to have an unprecedented effect on business operations throughout the world. While the availability of insurance coverage for pandemic-related losses is still far from certain, it is imperative that...more
3/23/2020
/ Business Interruption ,
Commercial General Liability Policies ,
Coronavirus/COVID-19 ,
D&O Insurance ,
Infectious Diseases ,
Insurance Claims ,
Insurance Industry ,
Policy Terms ,
Property Insurance ,
Public Health ,
Workers' Compensation Claim
The New York Department of Financial Services (DFS) recently issued Circular No. 5 that requires every regulated insurance entity to submit its plans to address the operational risk and identify, monitor and manage the...more