NYDFS – Notice to Insureds

A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New York State Department of Financial Services (“Department”), extend grace periods and give you other rights under certain property/casualty insurance policies if you are an individual or small business and can demonstrate financial hardship as a result Read more…

NJ Directs Insurers to Provide Emergency Grace Period Aid COVID-19

The New Jersey Department of Banking and Insurance has directed insurers to provide financial relief to residents and businesses, as they continue to suffer financial hardship due to the COVID-19 pandemic. The guidance issued to regulated entities follows Executive Order 123 signed last week by Governor Phil Murphy extending grace periods during which certain insurance companies, including health insurers, life Read more…

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