News & Analysis as of

Insurance Industry State of Emergency

Bressler, Amery & Ross, P.C.

Storm Triggers Regulatory Precautions in NJ

As a result of the recent Tropical Storm Ida which has impacted many New Jersey residents, Governor Murphy has issued Executive Order No. 259, declaring a state of emergency. Consistent with the Executive Order, the...more

Shutts & Bowen LLP

Business Continuity Planning Part 3: Emergency Action Planning

Shutts & Bowen LLP on

Business Continuity Planning (“BCP”) is the process of creating a system of prevention and recovery from potential interruptions and other threats to an organization. Among the key elements that make up a typical BCP are...more

Buchalter

Buchalter COVID-19 Client Alert: Stop the Clock: Relief from Your Insurer Claiming a Notice Time Bar During the Pandemic

Buchalter on

A dangerous trap for an unwary insured looking for insurance coverage can be a notice provision. To trigger certain liability insurance policies, the insurer may require that a “claim” be both made against an insured and that...more

White and Williams LLP

California Business Interruption COVID-19 Coverage Bill: A New Twist to Proposed State Legislation

On July 2, 2020, an amended California Assembly Bill 1552 (Bill 1522 or the bill), which relates to commercial business interruption coverage of insured businesses during the ongoing COVID-19 pandemic, was referred to the...more

McCarter & English, LLP

New Jersey Offers Grace Period For Insurance Premium Payments

On April 9, 2020, New Jersey Governor Phil Murphy issued Executive Order 123, providing immediate relief to policyholders of property and casualty, life, health, and dental insurance for nonpayment of premiums due to the...more

Rivkin Radler LLP

State Governments Look to Property Insurers for Small Business Relief

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The economic realities brought on by the COVID-19 pandemic have forced our government at both the federal and state level to take unprecedented action. And, despite congressional passage of the Coronavirus Aid, Relief, and...more

Butler Snow LLP

Homeowners Liability Insurance Coverage for Coronavirus-Related Claims

Butler Snow LLP on

The coronavirus has quickly spurred significant changes in most people’s daily lives and routines. In light of the widespread closure of public places and a growing number of safer-at-home orders, nearly everyone has found...more

White and Williams LLP

Massachusetts Joins the Fray, Introduces Bill Forcing Insurers to Pay for COVID-19-Related Business Interruption Losses

White and Williams LLP on

Before the ink could even dry on our latest alert, regarding Ohio's proposed bill, we learned that Massachusetts legislators had introduced their own COVID-19 bill — making it the third such bill in the span of about two...more

Cranfill Sumner LLP

Ohio and Massachusetts Propose Legislation to Require Insurers to Provide COVID-19 Coverage – Will NC?

Cranfill Sumner LLP on

Ohio and Massachusetts have followed New Jersey’s lead in attempting to push through legislation that would force insurers to provide COVID-19 coverage. The proposed bill filed earlier this week in Ohio seeks to require...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

New York State Asks Financial Institutions to Provide Assurances on COVID-19 Preparedness

On March 10, 2020, the New York State Department of Financial Services (NYSDFS), which regulates a variety of financial service entities such as banks, credit unions, check cashers, insurance companies, mortgage brokers,...more

White and Williams LLP

The Complex Insurance Coverage Reporter – March 2020

White and Williams LLP on

To Our Readers: In just a matter of days, we have seen the coronavirus (COVID-19) take off and dominate nearly every aspect of our lives. Reports of serious personal, economic and other impacts that have now become...more

Roetzel & Andress

If Passed, House Bill 589 Requires Insurers Offering Business Interruption Insurance To Cover Losses Due To COVID-19

Roetzel & Andress on

Earlier this week, the Ohio legislation introduced H.B. No. 589 to require insurers offering business interruption insurance to cover losses attributable to COVID-19. The bill declares the act to be “an emergency measure...more

BCLP

NAIC Holds Special Session on COVID-19

BCLP on

On Friday, March 20, 2020, the National Association of Insurance Commissioners held (via video conference) a public Special Session concerning COVID-19 so that state insurance regulators and industry and consumer...more

Zelle  LLP

States are Limiting Insurers' Ability to Cancel Policies during Pandemic

Zelle LLP on

Following other states, like Georgia, that have recently issued orders that prevent insurers from canceling insurance policies during the ongoing pandemic, Delaware has issued an order that insurers cannot cancel policies...more

Eversheds Sutherland (US) LLP

COVID-19-Related insurance regulatory developments

There has been significant activity at both the state and federal levels related to the novel coronavirus (COVID-19) and its impact on the insurance industry. This alert summarizes some of the most notable COVID-19-related...more

Tarter Krinsky & Drogin LLP

Regulatory and Legislative Bodies Seek To Broaden Scope Of Business Interruption Insurance Coverage In Wake of COVID-19

The following regulatory and legislative developments have been announced in the wake of the novel Coronavirus (COVID-19). These developments appear to reflect the desire of legislative and regulatory bodies to make business...more

Hinshaw & Culbertson - Insights for Insurers

US Congress Members Call for Business Interruption Coverage for COVID-19 Losses

In a March 18, 2020 letter to insurance industry and broker associations, a bi-partisan group of United States Congress Members urged commercial property insurers to provide business interruption coverage for COVID-19-related...more

Latham & Watkins LLP

FCA Sets Out Its Expectations of Firms’ Response to COVID-19

Latham & Watkins LLP on

The FCA expects firms to use flexibility to support consumers, has delayed new publications, and extended deadline for responses to published consultations to 1 October 2020. The Financial Conduct Authority (FCA) has...more

Zelle  LLP

Governor Extends State Emergency in Florida in Advance of Hurricane Dorian

Zelle LLP on

On August 29, 2019, Governor Rick DeSantis issued Executive Order number 19-190 that extended the state of emergency in Florida to cover every county in the state. Hurricane Dorian is now predicted to be a Category 4...more

Zelle  LLP

Hurricane Dorian First Party Property Claims Checklist (Florida)

Zelle LLP on

On August 28, 2019, Governor Ron DeSantis issued Executive Order number 19-189 officially declaring a state of emergency in Baker, Bradford, Brevard, Broward, Clay, Duval, Flagler, Glades, Hendry, Highlands, Indian River,...more

Zelle  LLP

Hurricane Michael First Party Claims Checklist (Florida)

Zelle LLP on

On October 7, 2018, Governor Rick Scott issued Executive Order 18-276 officially declaring a state of emergency in 26 counties including Escambia, Santa Rosa, Okaloosa, Walton, Holmes, Washington, Bay, Jackson, Calhoun, Gulf,...more

Zelle  LLP

Hurricane Harvey – Texas Department of Insurance Bulletins

Zelle LLP on

The Texas Department of Insurance (“TDI”) issued the following bulletins pertaining to Hurricane Harvey on August 26, 2017, many of which apply to property and casualty insurers....more

Carlton Fields

I-85 Bridge Collapse: Business Interruption Coverage Issues

Carlton Fields on

In the wake of the March 30 collapse of the I-85 bridge in Atlanta, Georgia Governor Nathan Deal declared a state of emergency calling for closure of both the northbound and southbound lanes of I-85 in Fulton County. A copy...more

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