United States Senator Tim Scott led a hearing of the Securities, Insurance, and Investment Subcommittee of the U.S. Senate Committee on Banking, Housing, and Urban Affairs to receive relevant perspectives on potential ways to manage financial losses that may arise from future pandemics. Dr. Robert Hartwig testified during this hearing. One small excerpt from his testimony is, “Typically, when we think about insurance, we have the losses of the few are paid for by the premiums of the many. When we’re talking about pandemics, essentially every business was affected nearly simultaneously. That is completely anathema to what insurance has always been throughout its nearly 2,000 year history.” View the press release here.