U.S. lawmaker wants insurers, govt. to share future pandemic business losses

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims.

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

While these policies may cover revenue losses from lightning strikes or cars crashing into buildings, they either exclude or do not specifically cover a pandemic, despite the business interruption it causes. 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Democrat no doubt

No problem. Everyone’s premium will be doubled.

Baloney Maloney

yeah so Applebee’s gets a social safety net but if you get sick and end up broke they will throw you in the landfill. Cool!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. lawmaker wants insurers and taxpayers to share payouts for future pandemic business lossesU.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims. 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 FUCK that idea.
Source: Reuters - 🏆 2. / 97 Read more »

Cabinet founders share tips for starting a business in a pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »