On November 19, the House Financial Services Subcommittee on Housing, Insurance and Community Development held a hearing entitled, “Insuring Against a Pandemic: Challenges and Solutions for Policyholders and Insurers.” This follows a September Congressional Roundtable that PIA National participated in, where we expressed our support for the Pandemic Risk Insurance Act (PRIA), H.R. 7011. In …
Continue reading House Committee Holds Hearing on Insuring for a Pandemic
Throughout the summer, PIA National has been focused on providing immediate relief to small businesses, enabling them to survive in the current economic climate. We have engaged in sustained advocacy for more funding and vital reforms to the Paycheck Protection Program (PPP), making it more useful to small businesses. We are actively pursuing the inclusion …
Continue reading PIA Participates in Congressional Roundtable on Future Pandemics
This week, Rep. Mike Thompson (D-CA) introduced H.R. 7412, the Business Interruption Relief Act, which would create a voluntary program for insurers in which they could retroactively pay business interruption (BI) claims and be reimbursed by the federal government. PIA National opposed similar legislation introduced in the spring, and we oppose this legislation for many …
Continue reading PIA Opposes the Business Interruption Relief Act
