Insurance Departments and Congress Address COVID-19 Coverage and Risks in Myriad of Regulatory Directives That Impact All Lines of Insurance

The coronavirus disease 2019 (COVID-19) crisis has engaged Congress, the US Department of Health and Human Services (HHS) and all state insurance regulators in an unprecedented manner.

Over the past three weeks, numerous bulletins, directives and data calls have been issued to insurance companies. On Friday, March 20, the National Association of Insurance Commissioners (NAIC) hosted a teleconference regarding COVID-19 updates that was attended by more than 2,500 listeners.

In a new alert, our insurance regulatory team highlights these unprecedented regulatory actions, including the NAIC update, health insurance coverage issues, state data calls, state insurance department operational changes, shelter in place orders and business interruption coverage discussions.