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The proposed bill would trigger federal relief after $250bn of insured losses.
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Capitol Preferred cancelling over 23,000 policies could drive customers to state-backed insurer Citizens.
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The new bill has a narrower scope than some previously proposed legislation, specifically targeting property, all risks and contingent BI policies.
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Regulator seeks a court declaration to establish the basis for BI claims decisions.
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The trade body hopes to wrap up an initial round of talks with actuary Finity by June, news reports suggest.
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The French finance minister said on Wednesday that a working group had been launched to consider such a measure.
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The Starr CEO has hit back at moves to retroactively force insurers to accept coronavirus-related BI claims.
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A now-defunct bill that would have banned “contingency risk multiplier” fees passed the House but survived just ten days in the Senate.
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Evan Greenberg is the only (re)insurance industry representative on the list of 200 executives who will advise on ending lockdowns.
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The regulator issued a notice after receiving complaints about insurers trying to dissuade policyholders from filing claims.
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Industry associations have declared a wide-ranging bill that would nullify virus exclusions as "unconstitutional".
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The Veraton Re vehicle is linked to Brad Chance, a North Carolina-based investor.
