By Jill Goldsmith Heat around solving the thorny issue of pandemic insurance for a struggling nation — and the crucial businesses that entertain it — is rising heading into the long holiday weekend.
Rep. Carolyn Maloney (D-N.Y) has set a Tuesday press conference to introduce a bill that proposes a government backstop for 95% of claims.
It’s legislation that has evolved over the past few weeks and now specifically includes film and TV production under event cancellation, a form of business interruption.
Meanwhile, the insurance industry has planted a flag with its own solution, one that calls for the federal government, through the Federal Emergency Management Agency, to set up a kind of risk-transfer mechanism that is not traditional
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