Beating COVID-19: Tips for Your Insurance, Finances, and Business - May 27, 2020

May 27, 2020
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News. Insights. Analysis. Inspiration.


Today's Key Question: 

Research from the Washington Examiner (see article below) indicates that states that reopened earlier are not seeing higher rates of infection than those who open late. 

Does that info lead you to support all states reopening, and trusting people to do the right thing?


"The New York Stock Exchange is set to reopen its iconic trading floor after operating with it closed for the first time in 228 years"

From Business Insider:

* According to The Wall Street Journal, traders will be required to sign a liability waiver that restricts them from suing the NYSE should they contract the coronavirus while working.


"Coronavirus crisis: How to hit pause button on mortgage payments during the pandemic"

From USA Today:

* A  new Consumer Relief Guide, which spells out the relief process associated with federally backed mortgages, was released Friday by the Consumer Financial Protection Bureau and the Conference of State Bank Supervisors. The guide outlines the rights to mortgage payment forbearance and foreclosure protection under the federal CARES Act.


"COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (May 20, 2020)"

From JDSupra:

* In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.


"COVID-19 and Long-Term Care Insurance"

An agent says it's time to update the product.

From Think advisor:

* My point is… the nursing home industry and the state regulators will have a great deal of soul searching to do as they attempt to win back the public trust. In the meantime, why should the insurance industry serve up a product which many people find too expensive and bloated when all they want is a product that will make it easier for their family members to get the help and support they need to allow the person to stay in the familiar and happy place they call home?


"Analysis: States that reopened earlier haven't seen higher rates of infection"

From Washington Examiner:

* "The good news would be that if states are reopening and we're not seeing any big increases in coronavirus cases, perhaps that means that people are continuing to do what they need to do to stay safe," said Levine. "It may be telling us that people are being smart about the reopening, that they're practicing social distancing and using face coverings when appropriate."


Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here