The creation of a federal pandemic risk insurance program continues to be a priority for associations that have seen event insurance options dwindle following COVID-19, but insurers have concerns about proposed legislation that would make the program a reality.The latest iteration of the Pandemic Risk Insurance Act, or PRIA, was introduced in November by Rep. Carolyn Maloney (D-N.Y.) and currently has 11 co-sponsors, all Democrats. Modeled after the Terrorism Risk Insurance Act passed following the Sept. 11 terrorist attacks, the bill would create a shared system of public and private compensation for business interruption losses resulting from future pandemics or public… Read More