Yale School of Management

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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”

Communicating in a Crisis: Lessons Learned from the Last One

May 28, 2020

It has become a common sight during the current COVID-19 crisis to see Federal Reserve (Fed) Chairman Powell standing at the podium, calmly explaining that the Fed is using the full range of its tools, including its emergency lending powers, to counter the severe economic effects of the actions taken to combat the virus. Powell further commits that the Fed will “continue to use these powers forcefully, proactively and aggressively” until the virus is under control and the economy is on the road to recovery. 

Continue reading “Communicating in a Crisis: Lessons Learned from the Last One”

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”

Communicating in a Crisis: Lessons Learned from the Last One

May 28, 2020

It has become a common sight during the current COVID-19 crisis to see Federal Reserve (Fed) Chairman Powell standing at the podium, calmly explaining that the Fed is using the full range of its tools, including its emergency lending powers, to counter the severe economic effects of the actions taken to combat the virus. Powell further commits that the Fed will “continue to use these powers forcefully, proactively and aggressively” until the virus is under control and the economy is on the road to recovery. 

Continue reading “Communicating in a Crisis: Lessons Learned from the Last One”