On June 8, 2020, the Illinois Department of Insurance issued Company Bulletin 2020-15 addressing coverage for property damage resulting from vandalism and looting. This Bulletin requests that all insurers take multiple actions in providing flexibility to impacted policyholders. Such actions include, but are not limited to, implementing a moratorium on cancellation or non-renewal for 60 days, providing premium payment relief, and affording favorable evaluations of business interruption insurance payouts and exclusions.
For more information on this Bulletin, or any other regulatory compliance matter, please contact Westmont Associates, Inc.
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