COMPLIANCE & LEGISLATIVE UPDATES
- Business Insurance -
NORTH CAROLINA STATE COURT OPINION ON COVID-19
A North Carolina court recently issued a trial court ruling, granting coverage for COVID-19-related business losses. The decision is not binding in any other court, including courts within North Carolina.
Click here for a downloadable handout providing more detail on this case.
NEW REPORTING REQUIREMENTS IN CALIFORNIA FOR EMPLOYEE COVID-19 CASES
Effective September 17, 2020 – Employers are required to report and track positive COVID-19 tests for their employees. The new law requires all positive tests be reported to the employers’ workers compensation carrier or claims administrator. Failure to report the data accurately and timely can result in penalties up to $10,000 against the employer. This is an extension of a prior enacted law (SB1159) which provides a presumption of “work-relatedness” to an employee’s contraction of COVID-19 in certain circumstances.
Click here for a downloadable handout providing more detail regarding the new requirements.
Key economic responses governments are taking to limit the impact of COVID-19 via the International Monetary Fund.
This policy tracker summarizes the key economic responses governments are taking to limit the human and economic impact of the COVID-19 pandemic as of end-March 2020. The tracker includes 192 economies. More countries will be added soon.
SENATE PASSES $484 BILLION PACKAGE, NOW ONTO HOUSE
FEDERAL RESERVE TAKES ADDITIONAL ACTIONS TO PROVIDE UP TO $2.3T IN LOANS
Visit the Economic Support page for more resources.
TRUMP SIGNS $2 TRILLION CARES ACT INTO LAW
On March 27, President Trump signed the CARES Act "Coronavirus Aid, Relief and Economic Security Act" following a unanimous vote by the Senate. The CARES act includes public health aid to address COVID-19, cash relief for citizens, broad lending for small business and relief for impacted industries.
Review this summary of the CARES Act from the legal team at Steptoe & Johnson here.
Read more about small business loans and reimbursements available for paid leave here in our March 27, 2020 blog post.