Sep
09
Associations need a federally supported insurance backstop to protect against the financial impacts of the ongoing COVID-19 crisis and future health emergencies, executives told lawmakers.
ASAE President and CEO Susan Robertson, CAE, participated on Thursday in a congressional roundtable with Rep. Carolyn Maloney (D-N.Y.) and other trade association leaders interested in ensuring that businesses and associations can financially recover from future waves of COVID-19 and other pandemics that may occur.
Maloney, a senior member of the House Financial Services Committee, is lead sponsor of the Pandemic Risk Insurance Act of 2020 (PRIA), a bill that would create a system of shared public and private compensation for business interruption losses resulting from future pandemics or public health emergencies. ASAE has endorsed Maloney’s bill since its introduction in May.
