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House Committee Interrogates Pandemic Risk Insurance Proposals as Industry Groups Urge Swift Action

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One day after major entertainment industry groups urged that pandemic risk insurance is a "key factor to America’s economic recovery," The U.S.

House Committee on Financial Services heard arguments for and against several proposals for that insurance on Thursday. Lack of pandemic risk insurance coverage has plagued film and television producers attempting to get projects off the ground amid COVID-19, as many banks require insurance coverage for production loans but traditional insurers aren't covering coronavirus-related business losses.

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