Property & Casualty Report

June 29, 2020

	NEW RESOURCES

Restructuring and Insurance Optimization »

	It can be tempting to cut costs when business gets tough, but having the right P&C coverage in place is even more important than ever when a business is in trouble and considering selling some of its assets or filing for bankruptcy.

COVID 19- Compensable Work-Related Injury »

	In the past, the burden of proof was on employees to substantiate their workers’ compensation claims. But complications around COVID 19 are changing the landscape. How are businesses being affected?

Insurance, Complex Systems and Hurricane Risk »

	2020 has demonstrated that risk is complex and that systems are greater than the sum of their parts. This piece explores how a global pandemic, extreme weather conditions, and a precarious economic environment have created a perfect storm for the risk management industry.

Washington Update: Parsing Out the Policy Particulars of the Paycheck Protection Program Flexibility Act »

	While the flexibility afforded by the Patient Protection Program Flexibility Act is welcome news for PPP borrowers that struggled with the loan forgiveness requirements, there are still unanswered questions and clarifications that need to be addressed.

Washington Update: California AB5's Impact on Workers' Compensation Insurance »

	California Assembly Bill 5 implements a new test to determine whether a worker qualifies as an employee or an independent contractor under the California Labor Code. This could have widespread effects for employers in the state.

	COVID-19 UPDATES

	Steptoe’s COVID-19 State Regulatory Tracker »

	COVID-19 — State Updates »

	VIDEOS / PODCASTS

	In this episode, Suzanne Spradley and Chase Cannon review policy recommendations to Congress relating to employer sponsored coverage, emphasizing ideas that would help employers get back to work during the COVID-19 pandemic. Suzanne leads off discussing COBRA subsidies for those who lost or will lose employer coverage due to a furlough or layoff. Suzanne and Chase then turn their attention to direct primary care, on-site clinics and telehealth, all of which could use policy changes to help with ease of access and cost. Suzanne then dives into changes to health and dependent care FSAs and surprise medical bills that could be politicized by Congress. The podcast closes with a discussion on coverage for COVID-19 testing and treatment, as well as recent guidance on antibody tests as a requirement for employees to return to work.

	GOOD NEWS

	After 100 Days of COVID, XPRIZE Launches $5M Competition to Get Americans Back to Work »

6/29/20 20-FPC-GEN-GEN-0221

This information has been provided as an informational resource for NFP clients and business partners. It is intended to provide general guidance, and is not intended to address specific risk scenarios. Regarding insurance coverage questions, each specific policy must be reviewed in its entirety to determine the extent, if any, of coverage available for the impact of the Coronavirus. If you have questions, please reach out to your NFP contact.