Workers compensation insurance market starts to feel the COVID-19 pinch

Workers Compensation insurance - Coronavirus - mask

The coronavirus is now making itself felt in this additional part of the industry. Workers compensation insurance companies are now working quickly to keep up with the sudden influx of claims resulting from the coronavirus pandemic. This has been made all the more complex as the regulatory landscape shifts throughout the country. Many states have been changing the regulations to which the workers compensation insurance companies must adhere in the face of COVID-19. For instance, the state commission for this coverage gave its unanimous approval to repeal a controversial emergency…

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An undecided Senate panel hears plans regarding the National Flood Insurance Program

The National Flood Insurance Program, which provides flood insurance to the majority of homes in flood prone and coastal areas throughout the country, will lapse at the end of September. Legislators are feeling the pressure of a hurricane season that is bringing a sleuth of storms from the Atlantic Ocean as well as insurance companies to make changes to the existing program so that it will continue. The other day, a Senate Banking subcommittee heard recommendations from representatives of the Government Accountability Office. The panel heard proposed improvements to the…

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