Business groups back pandemic insurance bill modeled on post-9/11 law

Business groups are throwing their support behind a pandemic insurance bill modeled after a post-9/11 law that created a federal backstop for claims related to acts of terrorism.The Pandemic Risk Insurance Act, much like the 2002 Terrorism Risk Insurance Act (TRIA), would provide compensation for losses resulting from pandemics or public health emergencies.But unlike TRIA, which had broad bipartisan support and was reauthorized as recently as…