APRIL 14, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
As a growing number of auto insurers announce premium relief for policyholders regulators are responding by publicly praising the decisions. Guidance is being provided on how to ensure such actions comply with state insurance anti-rebating laws. Regulators also continue to develop and update…
CARES Act Main Street Loan Facilities Now In Place
Under the Coronavirus Aid, Relief and Economic Security Act (CARES Act), the Federal Reserve System was given the discretion to create a Main Street Lending Program to support small and mid-sized businesses. On Thursday, April 9, 2020, the Federal Reserve released the terms of the Main Street New…
APRIL 10, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
While the pace of COVID-19-responsive regulatory action has slowed this past week, there was an increase in the number of states addressing and/or encouraging auto insurance discounts and/or premium relief to reflect exposure reductions generated by stay-at-home orders. Aside from that, states…
Liability and Patient Standards of Care in Response to COVID-19
Patient standards of care have always been a moving target, dependent on specialty, circumstances, and resources. Add in a global pandemic and this standard for the treatment of COVID-19 is in a constant state of flux. Novel issues have been elucidated, but with it, novel liability protections have…
Keeping Your Distance: New Social Distance Requirements for Arkansas Businesses
Arkansas Governor Asa Hutchinson, by Executive Order 20-13, as part of his COVID-19 response, has mandated new social distancing protocols for all businesses, construction companies, and places of worship operating in Arkansas. The new requirements, which were effective on April 6, 2020, include…