PRIA Archives - Carrier Management

Zurich Private-Public Pandemic Option Gives Carriers Choice In Risk Share

Adding to the mix of ideas for a public-private pandemic risk partnerships between insurers and the federal government, Zurich is proposing a plan that gives insurers a role—and a say in how much ...

Fast Action and Comas: Talking Points At Pandemic Backstop Hearing

Can insurers help "bend pandemic risk curves" for future events? Or is the goal of any government-insurance industry partnership program simply to replace some of the economic losses of businesses, ...

Federal Biz Interruption Bill Backed by Plaintiffs Group Introduced

Last week, a U.S. lawmaker introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but ...

The BIG Compromise for Biz Interruption Coverage Suits Explained

Good faith coverage disputes over pandemic-related business interruption coverage don't have to be fought out in courts, and retroactive rewrites of business interruption coverage language are ...

Federal PRIA Bill Officially Introduced for Biz Interruption, Event Cancellation

During a press conference on Tuesday, New York Congresswoman Carolyn Maloney officially announced the introduction of the much-anticipated Pandemic Risk Insurance Act of 2020, a federal backstop for ...

Carrier Groups Ready Proposal for Federal Pandemic Loss Fund–Not PRIA

Property/casualty insurance industry carrier groups are working to develop a proposed federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but it won't be ...

PRIA For ‘Communicable’—Not ‘Communicative’ Disease Risk

A proposal making rounds in the U.S. House of Representatives to "establish a Pandemic Risk Reinsurance Program" would involve "shared public and private compensation for business interruption losses ...