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Brazilian Senate approves insurance safeguards for Covid-19 casualties

. May 21, 2020
The Brazilian Senate approved a bill forcing insurance companies to pay compensation for deaths or injuries caused by Covid-19 in up to 10 days The Brazilian Senate during a remote sitting. Photo: Ag.Senado

The Brazilian Senate approved a bill forcing insurance companies to pay compensation for deaths or injuries caused by Covid-19 in up to 10 days. The bill, which now goes to the lower house, forbids companies from increasing fees or insurance premiums — and also prohibits healthcare providers from limiting coverage regarding any Covid-19-related condition.

Senator Leila Barros, the bill’s rapporteur, reckoned that most companies were paying compensation of their own volition, but regarded Congress’ intervention to be necessary to avoid future problems. In Brazil, insurance sector regulators allow risks related to epidemics and pandemics to be excluded from coverage — a practice that is also adopted abroad.

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Natália Scalzaretto

Natália Scalzaretto has worked for companies such as Santander Brasil and Reuters, where she covered news ranging from commodities to technology. Before joining The Brazilian Report, she worked as an editor for Trading News, the information division from the TradersClub investor community.

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