RIMS joins coalition to develop pandemic insurance program
- June 5, 2024
- Posted by: Web workers
- Category: Finance
The Risk and Insurance Management Society Inc. said Tuesday it has joined a coalition of policyholder groups to develop an insurance program for pandemics.
The Washington-based Business Continuity Coalition, which was formed last October, represents more than two dozen policyholder groups and companies from the hospitality, real estate, retail, film, television and other industries.
The coalition is working with policymakers and other stakeholders to develop an insurance program to ensure business continuity in the event of future widespread closures due to pandemics and other emergencies.
RIMS last year announced its support for H.R. 7011, a bill to create the Pandemic Risk Insurance Act of 2020 that was introduced by Rep. Carolyn Maloney, D-New York.
“The COVID-19 global health pandemic has taught business leaders many valuable lessons, most importantly, the need for insurance solutions to protect assets, employees and keep their enterprises up-and-running amidst a health crisis,” RIMS CEO Mary Roth said in a statement.
More insurance and risk management news on the coronavirus crisis here.
This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.
