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Property and Casualty

COVID-19 Report

close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

Illinois

For Benefits Compliance specific state updates for Illinois click here.

April 16, 2020

On April 3, 2020 the Illinois Department of Insurance issued Bulletin No 2020-09 requesting P&C insurers consider implementing the following protective measures:

  • Seek to postpone or withdraw any previous notice of cancellation or nonrenewal in which the cancellation or nonrenewal occurs on/after March 9, 2020 on any in-force policy.
  • Consider postponing the issuance of any new cancellation or nonrenewal notices through April 30, 2020 or a later time if considered reasonable given an individual’s circumstances.
  • Consider granting an extension of any policy provisions or other requirements that that impose a time limit for an insured or claimant to perform any act.

IL Bulletin 2020-09

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July 14, 2020

On June 1, 2020, the Illinois Department of Insurance issued Company Bulletin 2020-15 to all property and casualty carriers in which it requested that insurers implement claims practices consistent with categorizing certain events that led to vandalism and looting as a catastrophic event for coverage purposes. Also, insurers were asked to implement a moratorium on the cancellation or nonrenewal of impacted policyholders for a period of 60 days from the date of the bulletin. The department also stated insurers should base payouts under a business interruption provision on the business activity levels that eliminate the impact of COVID-19.

IL Bulletin 2020-15

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