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Insurance Regulation Newsletter - Summer 2020

TIPS IRC CLE Webinar Presents A Legal Maze Of Differing State Insurance Department Responses To Covid-19, by the IRC Newsletter Staff - The American Bar Association TIPS Insurance Regulation Committee hosted a 90minute CLE webinar on July 8, 2020. The webinar was entitled “State InsuranceRegulators’ Response To COVID–19”. The webinar panel’s consisted of eight IRCcommittee members. The general consensus of the panel was that while most stateregulators acted early in the pandemic regarding grace periods/cancellations/nonrenewals and licensing concerns, the regulators have not been uniform and theirindividual state regulations have sometimes reflected different urgency and differentactions. The various state insurance departments have presented a legal maze forthe public and for insurance carriers, especially in the area of business interruptioncaused by Covid-19.

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