A multi-year case involving dietary supplement startup PPO Lab, the Federal Trade Commission (FTC) and COVID-19-related health claims has come to a close, culminating in a truce that removes fines and lightens administrative burdens on the defendants.
Bureau of Workers’ Compensation proposed new rule excludes COVID-19 claims from an employer’s experience rating. Since COVID-19 claims are not a reliable predictor of future losses, the BWC has proposed COVID-19 claims be excluded from employer experience rating.
Insurers could face billions of dollars in fresh Covid-19 claims
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Synopsis
As per data compiled by the General Insurance Council (GIC) and seen by ET, the insurance industry has registered 10.07 lakh (1 million) coronavirus claims worth ₹14,738 crore (~$2 billion) until April 7, 2021. Of these, insurers have settled 8.6 lakh claims worth ₹7,907 crore, GIC data showed.
Agencies
According to industry experts, the data is yet to reflect the sharp spike in cases since the onset of the second wave as new hospitalisations lag registered claims by two to three weeks.
India’s health insurance sector could face billions of dollars in fresh Covid-19 claims over the coming months as the second wave of the virus takes caseloads to new daily records, particularly in Maharashtra.
Did you contract COVID-19 at work? The Compensation Fund is here for you Whether you ve been injured or have contracted COVID-19 at work, claiming from the Compensation Fund is as easy as 7 simple steps. Picture: Supplied
By Zaakirah Rossier
When you sustain an injury while on duty or contract an occupational disease, including COVID-19, here are simple steps to follow to claim from the Compensation Fund.
1. Report your injury or disease immediately to your employer or supervisor. Your employer is legally responsible for reporting your injury on duty to the Compensation Fund within seven (7) days of receiving notice from you and within fourteen (14) days when it is an occupational disease as well as submitting the necessary forms and documents.
The Indiana Senate voted 40 to 8 Thursday to approve broad civil liability protections against legal claims filed by individuals who say they were exposed to the coronavirus at a