In a flurry of activity between March 26 and March 30, the commissioner of insurance has issued five bulletins concerning issues arising out of the Coronavirus and the COVID-19 pandemic.
News | Miscellaneous
AM Best Downgrades Credit Ratings of The Providence Mutual Fire Insurance Company
AM Best has downgraded the Financial Strength Rating of the Rhode-Island based mutual insurance company.
Coronavirus in Massachusetts: Insurance Exempted From Order Effective At Noon Today Shutting Down Non-essential Businesses
On Monday, March 23, Governor Baker issued his “COVID-19 Order No. 13,” titled by the Governor as an “Order Assuring Continued Operation of Essential Services in the Commonwealth, Closing Certain Workplaces, And Prohibiting Gatherings of More Than 10 People.”
Coronavirus in Massachusetts: Insurers Well-Positioned To Confront COVID-19’s Challenges Says III
In response to the COVID-19 pandemic, Triple-I CEO Sean Kevelighan and Senior Economist Dr. Michel Leonard gave a presentation on the crisis during a special session of the National Association of Insurance Commissioners on March 20, 2020.
Massachusetts Governor Baker Announces $10 Million Small Business Emergency Fund
Loans are immediately available to eligible businesses with no payments due for the first 6 months.