US insurer trade bodies unveil federal solution for 'uninsurable' pandemic risks


US insurance trade associations have together proposed a new industry-backed federal programme to help businesses meet the financial challenges from future pandemics. Industry bodies believe that pandemic risks are "inherently uninsurable" as they are "too widespread, severe, and unpredictable" for the insurance industry to underwrite.

FEMA, NAMIC, APCIA, Coronavirus, Insurance, Reinsurance, David Sampson, North America

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