U.S. Travel Supports New Pandemic Insurance Bill

Rep. Carolyn Maloney has called for the creation of a federal Pandemic Risk Reinsurance Program to compensate for business-interruption losses.

U.S. Travel Supports New Pandemic Insurance Bill by Norstar Meetings Group

The U.S. Travel Association has backed a bill introduced yesterday by Rep. Carolyn Maloney (D-N.Y.) that calls for the creation of the Pandemic Risk Reinsurance Program, a system of shared public and private compensation for business-interruption losses resulting from future pandemics or public health emergencies.

Following the introduction of the bill, U.S. Travel said the measure would go “a long way in giving businesses the confidence they need to reopen, which will be vital to a rapid, robust and sustained economic recovery."