Board Issues 60-Day Moratorium on Policy Cancellations

Insurance carriers should refrain from cancellations and non-renewals of all policies for struggling individuals and small businesses for at least 60 days, the New York Workers' Compensation Board said in a bulletin. Insurers should also hold off on canceling policies for group insurance plans if the group is facing financial hardship as a result of the COVID-19 epidemic that has hit the New York area harder than most cities. A small business is defined as one with 100 or fewer employees, the board said. An employer can show it is facing financial difficulties by filing an attestation wi...