scholarly journals Business interruption insurance and COVID-19: Coverage and issues and public policy implications.

Author(s):  
Jill M. Bisco ◽  
Stephen G. Fier ◽  
David M. Pooser

This study provides a discussion of the impact of COVID-19 on business interruption losses in the U.S. as well as an overview of the commonly relied upon ISO Business Income and Extra Expense (BIEE) insurance policy. The authors offer an analysis of the language contained in the unendorsed BIEE and summarize the arguments as to why business interruption insurance should or should not cover pandemic-related losses. Finally, the authors provide an overview of proposed approaches to address business interruption losses attributed to current and future pandemics.

2020 ◽  
Vol 19 (1) ◽  
pp. 61-81
Author(s):  
Wen-jen Hsieh

The ongoing U.S.-China trade war and ensuing high-tech conflicts are regarded as Taiwan's most crucial opportunity to slow down its progressively increasing economic dependence on China. The impact of the U.S.–China trade tensions on Taiwan are important to analyze because of Taiwan's relatively unique political and economic relationships with the United States and China, especially since the latter views Taiwan as its “breakaway province.” The regression results indicate that Taiwan's outward investment to China is significantly affected by Taiwan's lagged investment and exports to China, and the gap in the economic growth rates between Taiwan and China. Policy implications are provided for Taiwan to alleviate its economic dependency on the Chinese market and the negative impact from the U.S.-China trade war.


2018 ◽  
Vol 48 (2) ◽  
pp. 328-348 ◽  
Author(s):  
Megan M. Reynolds

Growing research on the political economy of health has begun to emphasize sociopolitical influences on cross-national differences in population health above and beyond economic growth. While this research investigates the impact of overall public health spending as a share of GDP (“health care effort”), it has for the most part overlooked the distribution of health care spending across the public and private spheres (“public sector share”). I evaluate the relative contributions of health care effort, public sector share, and GDP to the large and growing disadvantage in U.S. life expectancy at birth relative to peer nations. I do so using fixed effects models with data from 16 wealthy democratic nations between 1960 and 2010. Results indicate that public sector share has a beneficial effect on longevity net of the effect of health care effort and that this effect is nonlinear, decreasing in magnitude as levels rise. Moreover, public sector share is a more powerful predictor of life expectancy at birth than GDP per capita. This study contributes to discussions around the political economy of health, the growth consensus, and the American lag in life expectancy. Policy implications vis-à-vis the U.S. Affordable Care Act are discussed.


2019 ◽  
Vol 245 (2) ◽  
pp. 131-137
Author(s):  
Samantha S Goldfarb ◽  
Gregg D Stanwood ◽  
Heather A Flynn ◽  
Devon L Graham

The devastating impact of opioid abuse and dependence on the individual, family, and society are well known but extremely difficult to combat. During pregnancy, opioid drugs and withdrawal also affect fetal brain development and newborn neural functions, in addition to maternal effects. Neonatal Abstinence Syndrome/Neonatal Opioid Withdrawal Syndrome (NAS/NOWS) rates have drastically increased in the US in the past decade. Solutions to this complex problem must be multi-faceted, which would be greatly enhanced by a translational, multidisciplinary understanding. Therefore, this mini-review incorporates biomedical, clinical, and policy aspects of opioid use during pregnancy. We review the known roles for endogenous opioids in mediating circuit formation and function in the developing brain, discuss how exogenous opioid drug use and addiction impact these processes in animal models and humans, and discuss the implications of these data on public policy. We suggest that some current policy initiatives produce unintended harm on both mothers and their children and delineate recommendations for how legislation could better contribute to addiction recovery and increase neural resilience in affected children. Impact statement Opioid abuse is a critical epidemic affecting individuals, families, and communities. This mini-review summarizes current literature on the impact of opioid drugs—including prescription pain relievers and illicit opioids—on neurobiological and neurobehavioral development. Using concepts related to the medical model of addiction as a brain disease, we review the public policy implications of these data and identify needs for future investigations.


2017 ◽  
Vol 20 (4) ◽  
pp. 591-604 ◽  
Author(s):  
Dong Hee Suh ◽  
Zhengfei Guan ◽  
Hayk Khachatryan

This paper models the U.S. strawberry market and examines how increasing imports from Mexico affect the prices and shipment values of California and Florida winter strawberries. The Synthetic Inverse Demand System is used to quantify the impact of Mexican shipments on the prices of strawberries. The estimation results indicate that market prices are responsive to supply from each of the three sources, suggesting an integrated, competitive national market. The simulation results suggest that rapidly growing Mexican shipments will cause large losses to the U.S. strawberry industry, posing challenges to the sustainability and survival of the industry, particularly that of the Florida industry. Policy implications and recommendations for the industry are discussed.


1974 ◽  
Vol 11 (1) ◽  
pp. 70-78 ◽  
Author(s):  
Orville C. Walker ◽  
Richard F. Sauter

Retailers may respond to interest limitation laws in ways that are detrimental to certain segments of society. This study examines the impact of such laws on consumers. Preferences for alternative retail credit terms vary significantly among consumers with different socioeconomic characteristics. The managerial and public policy implications of the findings are discussed.


Author(s):  
Michael O. Adams ◽  
Gbolahan S. Osho

United States coalition force invaded Iraq after months of failed negotiation with the United Nation Security Council and the Iraqi government. Many of the nations that opposed the invasion were important trading partners with the U.S. As such, global trade relationships have been damaged in the short run. This paper examines the impact of Iraqi war on the global market economy. The global market performance was sluggish in the weeks preceding the war and including the cessation of the war in Iraq. This was due to uncertainty in the price of oil and the ultimate outcome of the war. However, markets rebounded as oil prices normalized due to the quick overthrow of Baghdad. Furthermore, the U.S. dollar had been steadily weakening against the Euro in the months preceding the war. Therefore, a successful completion of the Iraq war will help prevent further devaluation of the dollar.


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