Informa Insurance News 24
PRIA WOULD CREATE MARKET FOR PANDEMIC INSURANCE: RIMS
US risk and insurance management association Rims has given its support to the Pandemic Risk Insurance Act of 2020 (PRIA), legislation that would create a state-backed pool for pandemic risk. Rims, which has reviewed the proposed legislation, said PRIA will help to create a realistic market for pandemic insurance. The association is calling on the risk management community to lobby Congress to support the proposed bill. “PRIA is crucially important to the road to economic recovery, especially as businesses examine both the short- and long-term impacts of Covid-19 on business strategies,” said Rims CEO Mary Roth. “We look forward to continuing to contribute to the PRIA discussion and hope the Senate moves swiftly to introduce similar legislation,” she said.