Argentine province close to adopting national worker compensation law

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Wednesday, December 6, 2017

Argentine province Corrientes looks likely to become the next jurisdiction to adhere to an updated national worker compensation law.

The lower house of the provincial congress has given the green light and the matter now goes to the local senate, national government worker compensation watchdog SRT said in a release.

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SRT is linked to the labor ministry.

To date, Mendoza, Córdoba, Río Negro, Entre Ríos, San Juan and the city of Buenos Aires have adhered to the legislation, which was updated in January to curb high levels of litigation.

Nationwide, the number of claims fell 5% year-on-year in October, but the tally for January-October was up 8% to 110,768. For the whole of last year 127,503 claims were filed, up from 106,021 in 2015 and 88,567 in 2014.

Last month, during a debate on the law in the congress of San Juan province, lawmaker Susana Laciar said: "In San Juan, the 'litigation industry' is growing too, and for that reason it's important that we embrace this law, which benefits workers and benefits those who provide proper jobs. Without doubt, it will protect them all."

Reducing litigation and improving underwriting results are two challenges facing the country's insurance industry.