Pandemic Risk Insurance Act Refiled

The office of New York Congresswoman Carolyn Maloney has announced that she has filed a revised version of the Pandemic Risk Insurance Act (PRIA) to establish a federal backstop for financial losses due to a future pandemic or public health emergency. The latest iteration of PRIA provides that the government would absorb about 95 percent…

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Business Liability Shields

As we trudge along to a presidential winner, the question of business COVID-19 liability shields for businesses continues to generate discussion. Yesterday in DC, the U.S. House Financial Services Subcommittee on Housing, Community Development & Insurance held a virtual public hearing on H.R. 7011, The Pandemic Risk Reinsurance Act (PRIA). This legislation, filed by Congresswoman…

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