Existing federal programmes a better model for pandemic BI programme

US Capitol, home of the US Congress, Washington DC. Credit: iStock/tupungato

The American Academy of Actuaries (AAA) has told the US House Committee on Financial Services that existing federal insurance programmes are a better model for any federal business interruption (BI) pandemic programme than a commercial model. In a letter to the House Committee, the AAA states: “Existing federal insurance programmes for costly, hard-to-estimate property/casualty risks are more appropriate models for…

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