Search
 
Analysis

Pandemic Risk Insurance Act Could Provide Future Stability for CRE

The legislation could provide a financial economic backstop without waiting for Congress to act.

By Erik Sherman | November 09, 2021 at 06:46 AM

Tired of the pandemic? Job numbers from the Bureau of Labor Statistics took a welcome jump above expectations in October, reaching 531,000, and August and September revisions adding another 235,000 in retrospect. Businesses seem to be shrugging off Covid-19, including the delta variant.

But there is no reason for complacency. Many experts in infectious disease have already stressed that other pandemic threats are likely already developing. If history is any judge, countries, including the US, won’t perform the necessary advanced monitoring and advanced actions to mitigate the impact. If something does happen, it could take months for the government to help stop economic disaster.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.