New pandemic insurance bill is "first salvo"
Posted: May 27, 2020
US Rep. Carolyn Maloney (D-NY) has introduced a bill which would pave the way for an insurance program that would cover pandemic-related business losses. The bill, called the Pandemic Risk Insurance Act (PRIA), calls for the establishment of a Pandemic Risk Reinsurance Program. This program – which would be funded by both public and private sources – would be used to cover business losses from...
