COVID-19 UPDATE: SBA Issues Updated Lender and Borrower PPP FAQs
The Paycheck Protection Program (the “PPP”) established under the Coronavirus Aid, Relief and Economic Security (CARES) Act authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. We have published information on PPP here. The U.S…
APRIL 7, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
As questions loom regarding stay at home orders and qualifications for essential services, insurance regulators continue to proactively address insurance concerns in all lines of business. Particular interest in the current update includes further expansion of telehealth (including veterinarians)…
NAIC/Texas Department of Insurance COVID-19 Information Request Template
April 7, 2020
by Burnie Burner
The National Association of Insurance Commissioners (NAIC), with industry input, developed a survey for gathering information related to the impact of COVID-19 on insurers and how insurers are responding to this unprecedented public health emergency. The NAIC Survey template is available here. The…
State and Local Government Assistance from the CARES Act
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) provides an estimated $2 trillion stimulus package to assist individuals, small and medium-sized business as well as state and local governments during the COVID-19 pandemic. There has been a lot of attention given to the relief…
CARES Act – Large Enough to Help Medium-sized Businesses
A lot of attention has surrounded the relief provided to individuals and small businesses under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) signed by the president on March 27, 2020. But medium-sized businesses are also eligible for relief under the CARES Act. Title IV of the…