Created: May 11, 2024 01:28 PM
Evan G. Greenberg, chairman and chief executive officer of Chubb Ltd (File photograph)
Chubb Ltd chairman and CEO Evan G. Greenberg discussed the emergence of artificial intelligence, how environmental risks continue to influence decision-making among risk and insurance professionals and how US-China relations drive the global economy.
He was speaking last week at a wide-ranging fireside chat at RISKWORLD, the Rims Conference, in San Diego, with Aon president Eric Andersen in which he said the top medium-term risk facing the country was what he expected to be a $2 trillion-dollar deficit this year.
As reported by Risk Management Magazine, the publication of the Risk and Insurance Management Society, Inc, Mr Greenberg, said that countries are adopting protectionist views and methods that are driving inflation while hindering economic progress.
He said that the US was one of the countries putting stress on the supply chain by putting up tariffs and blocking some products.
He said that the total US debt was already at $34 trillion and continuing deficits, driven by congressional spending, will eventually exceed military spending as the…
