In this episode of Marsh’s Risk in Context podcast, Jeff Alpaugh and Arnold & Porter’s Charles Landgraf discuss the pandemic’s effects on businesses and the insurance marketplace, which highlights the need for a strong, government-backed pandemic risk framework to protect companies and the economy.
Key Takeaways:
In addition to being a human tragedy, the pandemic has had a profound effect on businesses and the US and global economies. It has also prompted insurers to broadly exclude pandemic risk from many policy types.
A public-private partnership can allow pandemic risk to be managed. And it can enable businesses to plan for the future with confidence.
As the Business Continuity Coalition and others advocate for a solution, risk managers and others can also get involved by contacting their members of Congress.