/ Categories: Insurers

Commissioner Lara Orders Insurance Data on Business Interruption Coverage to Assist California Small Businesses

From the Press Release;


"SACRAMENTO, Calif. — Today, Insurance Commissioner Ricardo Lara directed insurance companies to submit data to the California Department of Insurance regarding coverage of commercial business interruption related to COVID-19. The data will help state policymakers to understand the scope of insured and uninsured losses to businesses in order to help them recover and keep workers employed.

“The coronavirus crisis is devastating small businesses across our state, throwing people out of work and quickly unraveling our economy,” Commissioner Lara said. “Although many small businesses maintain commercial multi-peril insurance policies with business interruption coverage, they will have large uninsured losses. We are currently working with the insurance industry and business groups to find creative solutions during this unprecedented crisis to make sure our businesses survive, and we need this data to define the size of the problem.”

Commissioner Lara called on the insurance industry to assist small businesses facing layoffs and lost income due to business closures and government actions to prevent the spread of COVID-19. Insurance company responses to the data call are due by April 9, 2020, and will help the Department understand the number and scope of commercial business interruption type coverages in effect and the approximate number of policies that exclude viruses such as COVID-19. This data will help inform state policymakers on solutions to protect businesses."


Please login or register to post comments.

Theme picker

Forum Topics

Coinsurance Calculation Trigger/Method

I know that many insured can negotiate removal of coinsurance penalties from their contracts, but their ability to do this is a function of their size and the market conditions (which can change rapid

Posted: 10/30/2008 6:33 PM Replies: 13

Glossary of Insurance Terms

If you go to you will find a detailed glossary of insurance terms with the ability to link this site with your own.

Posted: 04/11/2008 6:42 AM Replies: 1

State Farm

Hoping you guys and gals could help with a little info?   I am looking to get some information about working for State Farm as a staff Cat Adjuster.  I have a couple of months d

Posted: 02/11/2009 1:35 PM Replies: 10

The New Changes in Catastrophe Adjusting

2007 may be a year as severe as 04 and 05 in regards severe  damage to buildings from wind/flood perils.If this happens the volume will overwhelm the claim departments of the insurance carri

Posted: 06/04/2007 8:19 AM Replies: 13

Questions about the claim adjuster business

I just graduated college with an insurance degree, and got married 2 months ago....I have a few questions that I wanted to ask current adjusters. Are you away from home a lot, and for how long on aver

Posted: 08/13/2010 9:48 AM Replies: 68

Do any adjusters carry a commercial auto policy

As independent adjusters we use our personal vehicles for business. I was curious if we all should carry a commercial auto policy or a personal auto policy?

Posted: 09/20/2010 7:04 AM Replies: 1

Anybody heard of Walker Group?????

Hey everyone, I was just wondering if anyone has heard of Walker Group? I have heard some bad things about them. If anyone has had a bad ordeal with them, can you please let me know or reply to this b

Posted: 03/02/2007 9:17 PM Replies: 1


 The image below is from Stormpluse and shows the forecast for Matthew 117 hours out.

Posted: 09/23/2010 2:26 PM Replies: 13

Three Trade Rule for O&P

Rules of thumb with no validity should not be a part of our industry, The rule of three trades being necesary for a repair to cause the inclusion of Overhead and Profit on payment of a loss. 

Posted: 11/20/2009 7:11 AM Replies: 35

SCUBA diving question

I have a question for your organization regarding what my instructors had told me down in Texas when I was taking my all lines adjusters class recently.  They said that there is a growing need fo

Posted: 05/22/2007 6:58 AM Replies: 4