COVID-19 Guidance for Texas Businesses
In response to the COVID-19 pandemic, the Texas Governor’s Business and Community Development Division has published helpful frequently asked questions for local small businesses and community economic development partners to address issues such as tax payment, employer inquiries including…
APRIL 14, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
As a growing number of auto insurers announce premium relief for policyholders regulators are responding by publicly praising the decisions. Guidance is being provided on how to ensure such actions comply with state insurance anti-rebating laws. Regulators also continue to develop and update…
Three Ways the CARES Act Helps Nonprofit Organizations Deal with COVID-19 Fallout
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law. The Act includes several provisions that benefit qualified nonprofit organizations, including the Paycheck Protection Program, Economic Injury Disaster Loans (EIDL), and an…
CARES Act Main Street Loan Facilities Now In Place
Under the Coronavirus Aid, Relief and Economic Security Act (CARES Act), the Federal Reserve System was given the discretion to create a Main Street Lending Program to support small and mid-sized businesses. On Thursday, April 9, 2020, the Federal Reserve released the terms of the Main Street New…
APRIL 10, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
While the pace of COVID-19-responsive regulatory action has slowed this past week, there was an increase in the number of states addressing and/or encouraging auto insurance discounts and/or premium relief to reflect exposure reductions generated by stay-at-home orders. Aside from that, states…