Venezuela limits COVID-19 insurance payouts as cases rise ...Middle East

Venezuela has set limits on insurance payouts for COVID-19 patients, according to a document seen by Reuters on Wednesday, as the South American country experiences a second wave of the novel coronavirus. In a notice sent to insurers dated March 16, the country's insurance regulator told companies they would only be required to cover a maximum of 14 days of intensive care in private facilities and to pay out a maximum of $25,000 per coronavirus patient.

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