FILE PHOTO: Chairwoman of the House Government Oversight and Reform Committee Carolyn Maloney leads a hearing about coronavirus preparedness and response on Capitol Hill in Washington, U.S., March 12, 2020. REUTERS/Joshua Roberts -/File Photo
Insurers are turning their focus to future pandemics after facing lawsuits, political pressure and criticism from customers who say insurers’ business interruption policies denied their claims for losses resulting from the coronavirus pandemic. Maloney’s bill proposes a model that is similar to government-supported commercial terrorism products that followed the attacks of Sept. 11, 2001, requiring insurers to pay part of the claims, before U.S. taxpayers take over.
Instead, they proposed putting the Federal Emergency Management Agency in charge of a fully taxpayer-backed program to protect businesses from future pandemic revenue losses.
no, companies save your money, quit borrowing so much. You as a company need to protect your business. We are now a communist country, buisness now want government to bail them out with USA tax payer money for everything. Farmers quit selling to china, more grief coming, plan
Should have shut down country completely for at least a month. If we would have I guaranteed we would have gotten it under control a lot faster and the economy would have suffered less.
So they make billions of the average man and then when they have a bad year we need to give them more. And if and when they pay it back the government will take that money. This doesn’t seem fair.
They are already!
I’m really confused about the republicans and capitalism.The business has risks involved big or small and taxpayers money shouldn’t go to for profit business. I understand that it’s difficult to predict but part of the business plan should include the unknowns.
The U.S. debt is 25.5 trillion Interest paid this year is 3.7 trillion Income received this year is 3.3 trillion The U.S. cannot even pay the interest on the debt Goodbye America 🔥➕🌠🔚🔜
Why? We have our own expenses and direct costs related to pandemics. It's about risk/reward. Either lead, follow or become a democrat.
Socialism for the bosses.
Maybe the US government should have triaged a little better. Don't ask us to pay for a shit show they could have easily mitigated.
FUCK that idea.
But the pandemic risks are not covered by any policies ...
Why should taxpayers pay so $BA and $DAL go back to their highs which were based on company stock buybacks?
On top of paying for trumps golf too
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