Government backstop likely to be key for insurance coverage of future pandemics

U.S. Rep. Carolyn Maloney, D-N.Y., in May introduced a bill to create a government-backstopped insurance program modeled after the Terrorism Risk Insurance Act, or TRIA, which was created in the aftermath of 9/11. Most terrorism risk coverage fell under commercial multiperil, workers' compensation and "other liability," according to the most recent available federal government data.

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