Michael Abramowicz on Livelihood Insurance
Michael Abramowicz of George Washington Law School discusses livelihood insurance in the first webinar of the New Ideas in Insurance speakers series of the Insurance Law Center at the University of Connecticut School of Law. Nobel Laureate Robert Shiller has argued for livelihood insurance, a financial derivative that would provide compensation when many individuals in a particular occupation suffer losses. In this talk, Abramowicz explores why livelihood insurance did not emerge in time to protect workers in the last pandemic and what the government can do before the next crisis to protect workers in vulnerable professions. The full video is embedded below.