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The group says Stephen Catlin’s steering group needs to go further.
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Campaigners say ‘Totus Re’ model based on pools for terror and flood could close protection gap.
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The late July High Court hearing will also involve Arch, Argenta and QBE.
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Aon's Julie Page, Marsh's Chris Lay, former Home Secretary Amber Rudd, and ABI chair and Allianz UK chief Jon Dye join the initiative. -
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.
