Greenberg and Marsh call for government pandemic scheme as APCIA stonewalls
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Greenberg and Marsh call for government pandemic scheme as APCIA stonewalls

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Chubb CEO Evan Greenberg and Marsh relaunched their advocacy of a public-private partnership to address future pandemic risk at a Senate hearing today, as key insurer trade body the American Property Casualty Insurance Association (APCIA) continued to insist the peril was uninsurable.

In the US and UK, efforts to make progress on government-backed pandemic schemes have foundered owing to a combination of political distraction, an unwillingness from governments to contemplate unlimited guarantees and industry spoilers who claim the industry cannot bear...

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