The NAIC today releases its first update regarding the current pandemic and the insurance industry: A Report of the NAIC on the State Insurance Regulatory Response to COVID-19. Protecting policyholders and addressing the unfair treatment of consumers is central to the state insurance regulatory framework. This report chronicles state insurance regulators’ actions from January 1, 2020–May 31, 2020, and how those actions have helped mitigate the impacts the pandemic is having on insurance consumers.
Additional reports will be issued as the COVID-19 pandemic continues to evolve.