Yale School of Management

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HEROES Act would provide $3 trillion in additional benefits but unlikely to progress

June 2, 2020

The $3 trillion Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act , which the House of Representatives passed on May 15, is the fourth and largest legislative rescue package proposed by the US Congress in response to the COVID-19 pandemic. It would help to mitigate the economic impact of continued shelter-in-place orders and soaring unemployment rates.

Continue reading “HEROES Act would provide $3 trillion in additional benefits but unlikely to progress”

Poland’s Financial Shield Provides Support to Businesses

June 2, 2020

In response to the COVID-19 pandemic, on March 31, the Polish government announced its “Anti-Crisis Shield,” which includes the “Financial Shield” to support microenterprises, small and medium-sized enterprises, and large companies. The Financial Shield has PLN 100 billion (USD 24.8 billion or approximately 4.5% of 2019 GDP) in total funding. The Polish Development Fund (PFR), a state-owned financial group, is responsible for the administration of the Financial Shield.

Continue reading “Poland’s Financial Shield Provides Support to Businesses”

Countries Propose Catastrophe Insurance Through Public-Private Partnerships

June 2, 2020

On May 26, Congresswoman Caroyln Maloney introduced the Pandemic Risk Insurance Act of 2020 (PRIA). The PRIA would provide a framework for insurers to supply business interruption insurance to businesses affected by the COVID-19 pandemic. Insurance companies that choose to participate would offer pandemic coverage to businesses and, should aggregate insurance industry losses exceed $250 million, the federal government would cover most of the  losses.

Continue reading “Countries Propose Catastrophe Insurance Through Public-Private Partnerships”

HEROES Act would provide $3 trillion in additional benefits but unlikely to progress

June 2, 2020

The $3 trillion Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act , which the House of Representatives passed on May 15, is the fourth and largest legislative rescue package proposed by the US Congress in response to the COVID-19 pandemic. It would help to mitigate the economic impact of continued shelter-in-place orders and soaring unemployment rates.

Continue reading “HEROES Act would provide $3 trillion in additional benefits but unlikely to progress”

Poland’s Financial Shield Provides Support to Businesses

June 2, 2020

In response to the COVID-19 pandemic, on March 31, the Polish government announced its “Anti-Crisis Shield,” which includes the “Financial Shield” to support microenterprises, small and medium-sized enterprises, and large companies. The Financial Shield has PLN 100 billion (USD 24.8 billion or approximately 4.5% of 2019 GDP) in total funding. The Polish Development Fund (PFR), a state-owned financial group, is responsible for the administration of the Financial Shield.

Continue reading “Poland’s Financial Shield Provides Support to Businesses”

Countries Propose Catastrophe Insurance Through Public-Private Partnerships

June 2, 2020

On May 26, Congresswoman Caroyln Maloney introduced the Pandemic Risk Insurance Act of 2020 (PRIA). The PRIA would provide a framework for insurers to supply business interruption insurance to businesses affected by the COVID-19 pandemic. Insurance companies that choose to participate would offer pandemic coverage to businesses and, should aggregate insurance industry losses exceed $250 million, the federal government would cover most of the  losses.

Continue reading “Countries Propose Catastrophe Insurance Through Public-Private Partnerships”