VIDEO: Coverage Issues During COVID-19

PIA National CEO Mike Becker speaks with Brad Lachut, director of government and industry affairs for PIA Northeast, about coverages that come into play with the COVID-19 outbreak.

PIA is Working for You

PIA National has recently been sending out regular communications under this title, "PIA Working for You". If you have not been receiving these and want to be included in those emails to keep you up-to-date with national news related to the pandemic, please email to make sure you're added to that email list. To recap some of the information that has been sent in the most recent communications, click here.

Amended Emergency Rule 40

On April 3, 2020, the Louisiana Department of Insurance promulgated Amended Emergency Rule 40 — Moratorium on Policy Cancellations and Non-Renewals for Policyholders in Louisiana during the Outbreak of Coronavirus Disease. That change has now been reverted and the corrected version of the rule is available here. To see the main change that was made pertaining to premium insurance companies, click here for a comparison of the two versions.

Auto Insurers to Return $10 Billion to Customers

U.S. auto insurers will return more than $10 billion to their customers nationwide, according to an estimate released on April 11 by the Insurance Information Institute (Triple-I). The Triple-I's $10.5 billion estimate is a projection based on its analysis of 14 U.S. auto insurers who cited reduced policyholder mileage and the receipt of fewer claims amid the COVID-19 crisis as the reasons they were able to announce premium refunds, discounts, dividends, and credits.

"Insurers are again fulfilling their role as economic first responders by providing financial relief to customers when they need it most," said Sean Kevelighan, CEO, Triple-I.

PIA National Opposes Business Interruption Legislation

PIA has announced it strenuously opposes legislation introduced separately by Reps. Mike Thompson (D-CA) and Brian Fitzpatrick (R-PA) that would empower the federal government to rewrite existing business interruption (BI) insurance provisions drafted with otherwise applicable exclusions.

"PIA is deeply engaged in wide-ranging efforts to assist the business community during this national crisis. Unfortunately, these two bills would apply business interruption coverage where it doesn't exist, exacerbating existing disruptions and further delaying our nation's economic recovery," said PIA National Executive Vice President & CEO Mike Becker.

BI provisions typically do not cover losses resulting from risks like the coronavirus. Retroactively rewriting contracts undermines existing contractual relationships and risks injecting new uncertainties into our current economic crisis. Such proposals purport to quickly provide assistance to businesses in need, but in reality, such a response would not help all businesses; only one in three small businesses even has business interruption coverage. As such, only a small percentage of businesses would benefit in any way from it, and thousands of small businessowners would be left struggling.


Officials Fear Double Disaster — Coronavirus Plus Hurricanes

Florida's U.S. senators have called on the federal government to issue guidelines on how states should handle evacuations and storm shelters in the event of a hurricane, in the midst of the coronavirus crisis.

With less than two months to go until the tropics reach the conditions that forecasters expect will generate an above-average storm season, government officials and local politicians are rushing to prepare for what Broward County Mayor Dale Holness described as a "double disaster" of a hurricane strike amid a COVID-19 outbreak.


As the global pandemic of COVID-19 continues to affect the way we do business, PIA is highlighting specific programs that may be useful to you right now. We hope this is helpful.

Why care about this now? During this pandemic, we are finding ourselves at home working remotely for an indefinite amount of time. Computer hackers can use this time to deploy aggressive ransomware attacks, and sophisticated social engineering scams to try and trick you into divulging sensitive information. It's important to know what to look out for so that you don't become a victim of a cybercrime; more importantly, if you know what to look out for, you can also help educate your clients to their vulnerabilities.

What is it? Free to PIA members, Cyber 101 is an educational series that informs you about the seven most common cyber risks that can affect small to medium-sized businesses. The seven most common risks are:
  • Social engineering
  • Funds transfer fraud
  • Ransomware/extortion
  • Network interruption
  • Data breach
  • Network security
  • Media liability
This educational series includes 30-minute webinars covering each risk, informational PDFs, and interactive claims examples. We've also created customizable cyber education flyers that you can share with your clients online and on social media.

You may also be interested in protecting your agency with PIA Cyber Insurance or offering PIA Cyber Insurance to your clients. You may also contact Natalie Cooper directly to assist you with markets available to your agency.

To learn about other PIA member benefits, please refer to the 2020 PIA National Guide to Member Benefits.