In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.
Read More COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (April 2nd, 2020 – Updated)

Jon Biasetti, Chicago Partner and Co-Chair of Locke Lord’s Regulatory and Transactional Insurance Practice Group, was quoted in a RADAR on Medicare Advantage article regarding a new proposed rule from the Centers for Medicare & Medicaid Services (CMS) allowing Medicare Advantage Organizations (MAOs) to enter into quota share reinsurance arrangements provided they satisfy certain conditions.
Read More RADAR on Medicare Advantage Quotes Chicago Partner Jon Biasetti in Article Examining CMS’ Proposed Rule Regarding MAOs’ Ability to Utilize Quota Share Reinsurance

Texas Governor Gregg Abbott on March 31, 2020, issued Executive Order GA 14 renewing social distancing guidelines in Texas.  Of particular significance to the insurance industry, the Governor’s Order adopted U.S. Department of Homeland Security guidance establishing insurance services as “essential services” and classifying members of the insurance industry as federally identified “essential critical infrastructure workers” under the broader heading of “Financial Services.”…
Read More Texas Governor Adopts Executive Order Exempting Insurance Industry Business Travel from Quarantine Restrictions

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time.  If you have any questions on the subject matter below, do not hesitate to reach out.  The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.
Read More COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (March 31st, 2020)

Opening day might be delayed, but first pitches have already been thrown in courtrooms across the U.S. by insureds seeking business interruption cover for Covid-19 related losses. The judges calling balls and strikes in such cases may see some tough pitches, but the general dispute appears clear enough – can the insured prove the damage claimed is the result of a “direct physical loss” to property? …
Read More Business Interruption Insurance Coverage Litigation Arising from COVID-19

Molly McGinnis Stine, a member of the Steering Committee of Locke Lord’s Privacy & Cybersecurity Group, will moderate a panel at the 2020 Professional Liability Underwriting Society (PLUS) Cyber University on April 28, 2020.
Read More Locke Lord Privacy & Cybersecurity Co-Chair Molly McGinnis Stine to Speak at PLUS Cyber University

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling information from state and federal resources, including insurance trade associations, to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out.
Read More COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (March 29th, 2020)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling information from state and federal resources, including insurance trade associations, to provide clients easy access to information during this unprecedented time.  If you have any questions on the subject matter below, do not hesitate to reach out.  The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.
Read More COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (March 28th, 2020)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling information from state and federal resources, including insurance trade associations, to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out.
Read More COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (March 27th, 2020)

On March 26th, Commissioner Ricardo Lara issued a data survey (the “Survey”) to all admitted and non-admitted insurance companies, requesting information on business interruption and related coverages provided by commercial insurance policies. Responses to the Commissioner’s request are not mandatory.…
Read More California Requests Insurance Data On Business Interruption Coverages