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Regulators Continue to Closely Monitor the Impact of COVID-19 on Insurance

Regulators Continue to Closely Monitor the Impact of COVID-19 on Insurance

Regulators are engaged in heightened monitoring of the insurance industry to assess the impact of COVID-19 on various types of insurance, individual companies, and the sector as a whole. The U.S. insurance sector remains strong and a number of policies include provisions that address whether losses related to a pandemic like COVID-19 are covered.  Policyholders should review their policies, contact their insurance agent or broker for assistance, and connect with their state department of insurance if they have questions.

About the NAIC

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. For more information, visit www.naic.org.

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