Legal
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The ratings agency discussed impacts from the pandemic and noted that it is still awaiting responses to a “stress test” questionnaire.
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Montemayor also sits on the board of the insurance-focused private equity fund Black Diamond.
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SCGM says that the policy provides coverage because Covid-19 is a variant of SARS. -
The conduct regulator will review data collection and authorisation processes, assuming Covid-19 work allows it the time.
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The state has joined New York, Ohio and Massachusetts in considering the bill.
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Prime Time Sports Grill says its insurance claim was denied on 23 March.
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Trade credit sources welcomed plans for backstops but warned of reduced premium levels.
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The agency also asked carriers to be conservative on executive pay as the Covid-19 crisis continues.
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The order also forbids insurers operating in the state from charging fees for late payment.
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The entities allege that Wisconsin-based Society Insurance should provide coverage for "necessary suspension" of business.
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Under the plans, insurers would nominate themselves to help distribute aid.
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The trade association urges talks on a tie-up between the government and the insurance industry.
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