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Wednesday, December 8, 2021

Lawmaker Reintroduces Pandemic Threat Insurance coverage Act

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By Angela Childers (November 3, 2021, 7:54 PM EDT) — A U.S. Home lawmaker reintroduced the Pandemic Threat Insurance coverage Act, which seeks to create a shared public-private partnership to compensate corporations for pandemic or public health-related enterprise interruption losses.

Whereas many enterprise teams have expressed help for PRIA, insurance coverage teams warning that the laws may hurt small companies by making it more difficult to acquire enterprise interruption protection. (AP Picture/Steven Senne)

Rep. Carolyn Maloney, D-N.Y., who reintroduced PRIA on Tuesday after introducing the primary model of the invoice in Could 2020, stated it is an “vital step” in stopping future pandemic-related losses.

The partisan invoice would require insurance coverage carriers to supply parametric nondamage enterprise…

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