pandemic relief act News

What Congress Should Do, or Not Do, to Rescue Businesses in Future Pandemics

Congress is weighing whether insurers and government can together “bend pandemic risk curves” for future events or simply replace some of the economic losses of businesses, putting them “into induced comas” during pandemics. That was the essence of a debate …

P/C Insurers Back a Federal Pandemic Loss Fund But Not a Backstop Like TRIA

Property/casualty insurance carrier groups are developing a proposal for a federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but their program won’t be modeled after the Terrorism Risk Insurance Act as some have urged. …

Restaurants’ Coronavirus Relief Request Includes Government-Backed Insurance

The nation’s restaurants stand to lose at least $275 billion and shed as many as 7 million jobs over the next three months due to the coronavirus, the industry told lawmakers yesterday in appealing for help. The National Restaurant Association …