Insurance News from April 16, 2020
National News
Chubb CEO Greenberg Warns Retroactive Measures Would ‘Bankrupt’ Insurance Industry
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers...
International & Reinsurance News
Pandemic Bonds Get Stay of Execution but Prospect of Wipeout Looms
A ruling last week not to wipe out holders of a World Bank financial instrument...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S.
UK Insurers, Banks Are Weathering Effects on Capital of COVID-19 Crisis: BoE’s Woods
Howden Broking Group Buys Greece’s Matrix Insurance & Reinsurance Brokers
Arch Capital’s Estimated COVID-19 Losses During 1st Quarter Could Hit $145 Million
East News
New York Taps McKinsey to Develop ‘Trump-Proof’ Economic Reopening Plan
New York Governor Andrew Cuomo has hired high-powered consultants to develop a...
West News
PG&E’s Plan to Pay $19M from California Wildfire Victims Fund OK’d
The Northern California victims of catastrophic wildfires caused by Pacific Gas &...
Southeast News
South Carolina Begins Clean Up After At Least 9 Tornadoes Hit State
South Carolina continued to clean up Tuesday from the state's deadliest tornado...
Texas / South Central News
Insurance Department: Auto Insurers to Return Over $187M to Louisiana Drivers
The Louisiana Department of Insurance says collectively auto insurers will return more...
Midwest News
Damage to Iowa Ag Industry from Virus Will Be Huge, Economists Say
A group of agriculture economists said on April 15 the coronavirus pandemic will cause...