public-private partnership News

Chubb Ltd. proposed that insurers and the U.S. government work together to cover future business-interruption losses from pandemics, as the industry faces a flurry of lawsuits over costs related to coronavirus-related shutdowns. Chubb, the large global insurer led by Evan …

The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar with the effort told Reuters. The campaign involves …