War Hazards Compensation Reform Act

The War Hazards Compensation Reform Act aims to address delays in reimbursing insurance carriers and employers who advance payments for war-related injury claims. It introduces interest charges on late reimbursements to offset the financial burden caused by federal delays and removes the requirement for insurance carriers to post collateral for these specific claims. Additionally, the bill mandates that the Department of Labor hire at least 15 new employees to process these claims more efficiently. These changes are designed to encourage continued participation by private insurers in programs supporting national defense activities without altering the benefits received by injured workers.