Market Responses to NYDFS Requirement to Issue Guidance on Insurance Coverage
Insurance Explained
In response to the coronavirus COVID-19 pandemic and ensuing crisis, the New York Department of Financial Services (NYDFS) is issuing guidance “to urge all regulated entities to do their part to alleviate the adverse impact caused by COVID-19 on those consumers and small businesses that can demonstrate financial hardship caused by COVID-19.”
Below is a list of insurance carrier responses to the current situation. We will include links to both NYDFS-specific responses and general coverage and COVID-19 support as they become available.
AmTrust
NYDFS-specific response
General support
Chubb
NYDFS-specific response
General support
CNA
NYDFS-specific response
General support
Hartford
NYDFS-specific response
General support
Hanover
NYDFS-specific response
General support
Hiscox
NYDFS-specific response
General support
Lloyds
NYDFS-specific response
General support
Markel
NYDFS-specific response
General support
OneBeacon
NYDFS-specific response
General support
Philadelphia
NYDFS-specific response
General support
Travelers
NYDFS-specific response
General support
XL Catlin
NYDFS-specific response
General support
Kinsale
NYDFS-specific response
General support (not available)
Related Articles
Understanding Additional Insured Endorsements and How They Work
6 min readFind out what an additional insured endorsement is and how it can affect the coverage your liability insurance policies provide.
Key Insurance Considerations For Different Types Of Cannabis Businesses
8 min readGiven that the legal cannabis industry faces a unique set of challenges and risks, it’s crucial for every cannabis business to put together a tailored risk management plan.