Monthly Archives: <span>April 2020</span>

How P/C Insurance Industry Can Maximize Its Response to Coronavirus: Crisis Manager

“I’m shocked, just shocked that you’re suggesting that during a crisis that insurance companies might in fact be considered the villains. I’ve never heard that before.” That’s Richard Levick speaking. Levick, who has a public affairs, crisis and reputation risk …

Auto Insurers Offering $8-$10B in Discounts in Coronavirus Relief Effort; Updated List

The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. State Farm and Nationwide late last week joined the …

Quote Requests to Insurance Agencies Down 30% Since Coronavirus Shutdowns

While consumers may have more time to consider their insurance needs during this period of stay at home orders and non-essential business shutdowns brought on by the nationwide COVID-19 pandemic, they aren’t necessarily contacting their insurance agents with requests for …

Eli Lilly Begins Clinical Trial for COVID-19 Therapies

Eli Lilly and Co. reports it has begun clinical trials for testing therapies for COVID-19. The drug company said it has entered into an agreement with the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes …

Does Prop 103 Allow Auto Insurers to Provide COVID-19 Rebates? Maybe Not

As is by now obvious to everyone, Americans are driving less these days amid the COVID-19 pandemic. Across the country, schools and businesses are shut down. Many areas have curfews and stay-at-home orders that ask citizens to limit any nonessential …

4 Ways COVID-19 Will Change Cannabis and Insurance

One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a dispensary, …

Florida Directs Workers’ Comp Insurers to Comply with COVID-19 Treatment Order

The Florida Office of Insurance Regulation has issued an informational memorandum to all insurers and entities authorized to write workers’ compensation insurance providing guidance on the treatment of policyholders affected by COVID-19. The memorandum is in response to Chief Financial …

Germania Insurance to Return Nearly $6M to Personal Auto Customers in Texas

In light of the reduction in drivers on the road due to COVID-19 epidemic, Texas-based Germania Insurance will give back nearly $6 million in credits to its personal auto insurance policyholders. The company said through its Reduced Driving Payback, a …

Hentschke, Mudd Promoted at Valley Insurance Agency Alliance

St. Louis, Mo.-based Valley Insurance Agency Alliance (VIAA), a network of more than 130 independent insurance agencies in Missouri and Illinois, recently named Sam Hentschke as service development coordinator and Clinton Mudd as regional manager. Hentschke is in charge of …

Coast Guard Orders Cruise Ships in Galveston to Form Medical Plans

The U.S. Coast Guard has determined that crew members on cruise ships and vessels in Galveston, Texas, present a public health risk of spreading the new coronavirus and urged operators to form medical plans to care for sick workers. In …