The Pandemic Risk Insurance Act of 2020 is Introduced in Congress
6/29/20
By: Wayne Hammack Since March 2020 the House Financial Services Committee has considered the creation of a federal reinsurance program to provide a safeguard for businesses against future pandemic-related business interruption losses. An early memorandum calling for the creation of the Pandemic Risk Insurance Act (PRIA) has been revised and augmented, and on May 26, 2020…