Panel Affirms, Says  Guaranty Association Not Required To Pay COLA Interest

(October 3, 2022, 11:06 AM EDT) -- WASHINGTON, D.C. — A District of Columbia appellate panel affirmed a compensation review board’s decision that the D.C. Insurance Guaranty Association was not statutorily obligated to pay penalties for the late payment of cost-of-living allowances (COLA) or accrued interest on the underpayment of workers’ compensation benefits, finding that the “claims for the statutory late-payment penalties and for accrued interest were not” covered claims....

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