Legal
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Trade credit sources welcomed plans for backstops but warned of reduced premium levels.
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The agency also asked carriers to be conservative on executive pay as the Covid-19 crisis continues.
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The order also forbids insurers operating in the state from charging fees for late payment.
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The entities allege that Wisconsin-based Society Insurance should provide coverage for "necessary suspension" of business.
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Under the plans, insurers would nominate themselves to help distribute aid.
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The trade association urges talks on a tie-up between the government and the insurance industry.
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The Ohio and Massachusetts proposals come as the APCIA estimates small business losses due to Covid-19 at up to $383bn a month.
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The bill will provide $350mn in loans for small businesses hit by the crisis.
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Mel Stride warns that insureds want “flexibility and assurance” from their carriers.
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The regulatory leeway gives companies until six months of their year ends to publish accounts.
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The Chickasaw and Choctaw nations say they their properties sustained direct physical loss, meriting coverage.
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Eiopa has extended reporting deadlines for insurers.
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