Pandemic Insurance Debate
The discussion highlights the challenges of insuring against pandemics, with some arguing that such events are uninsurable. While one perspective suggests that Congress should continue its current response strategy, another proposes a radical solution: mandating insurance companies to retroactively cover business interruption claims, effectively nullifying virus exclusions. This controversial approach is gaining traction in some legislative circles, particularly in New York.In this clip
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Prognosis: Misconception
Business, Interrupted
Related Questions
Should government intervene in crises as discussed in the episode Megan McArdle on Catastrophes and the Pandemic and the clip Private Sector Adaptation?
How did the US handle the COVID-19 pandemic as discussed in the episode Coronavirus Reaches Congress and We're Recording From Home and the clip Government Response Failure?