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Big I Buzz - September 23, 2020

Posted By IIAW Staff, Wednesday, September 23, 2020

In this week's Big I Buzz, we are discussing the new Emergency Order from Governor Evers, the cost of damage from violence in Kenosha and the USDA's plans for $14B more in virus relief for farmers. 

Governor Evers Issues New Public Health Emergency Due to Campus Outbreaks, Issues New Face Coverings Order

On September 22nd, Governor Tony Evers extended the statewide mask mandate with a new COVID-19 emergency order. Originally, the first mask mandate in Wisconsin was set to expire at the on Monday, September 28th. Now, his new order will extend the mask mandate through November 21, effective immediately and remains in place for 60 days or until a superseding order is passed. 

Damage from Violence In Kenosha, Wisconsin, Tops $11M

According to Kenosha, Wisconsin's fire chief, damage from the unrest over the police shooting of Jacob Blake has now topped $11 million. According to the Kenosha News Fire Chief Charles Leipzig told commissioners, "To put it into context, that's three years of fire loss for us in the span of about a week." Read more here

USDA Plans $14B More in Virus Relief for Farmers

On September 18th the U.S. Department of Agriculture released details of its plan to provide "financial assistance that will give producers the ability to absorb increased marketing costs associated with the COVID-19 pandemic", according to Insurance Journal. The first mention of the aid came during President Donald Trump's speech in Wisconsin on Thursday, September 17th. During his speech he promised favorable trade and and regulatory changes, as well as tax cuts. According to Insurance Journal, "Much of the additional money will come in direct payments for crops that meet a specified threshold of price delicne. This includes corn, soybeans, wheat and some cotton. Chicken, eggs, milk, beef cattle, pigs and lambs will also be covered, as will tobacco, wool, alfalfa, oats, peanuts, rice and hemp. The program places a payment cap of $250,000 per person or farm entity for all commodities combined. Gross income can't be more than $900,000, unless at least 75% or more of their income is derived from farming, ranching or forestry-related activities." Read more about the financial assistance plan here

For more news, check out the Action News section of our weekly e-newsletter Big I Buzz.   If you aren't subscribed, click   here  to add your email to our emailing list. We hope that everyone has a great rest of their week! 

Tags:  big i buzz  insurance industry news  insurance industry updates  insuring Wisconsin  wisconsin independent insurance association  wisconsin insurance agency help  wisconsin insurance blog 

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