OCI Press Release: Governor Evers, Insurance Commissioner Afable Ask Insurers to Offer Flexibility to Wisconsinites Facing Economic Hardship during COVID-19
At the direction of Governor Tony Evers, Wisconsin Insurance Commissioner Mark Afable today asked insurers to provide accommodations for Wisconsinites suffering economic hardship during the COVID-19 public health emergency.
“The COVID-19 pandemic has put a strain on the lives and livelihoods of Wisconsinites,” Afable said. “Now is the time for all of us to come together in common purpose and identify ways we can help those who are struggling.”
The bulletin issued today asks insurers to be flexible with insureds who face economic hardship through measures such as offering non-cancellation periods and deferring premium payments. The bulletin also provides guidance on how insurers can comply with regulatory requirements during the present public health emergency. The full bulletin can be found here.
“Many stakeholders have been stepping up to support people in recent weeks, whether by waiving cost-sharing for COVID-19 testing or providing important information and resources,” Afable said. “I want to thank them for their efforts. Working together, we can help our state weather this public health crisis.”