Boca Raton, FL – As the COVID-19 pandemic continues to affect the nation, a number of questions remain. For the workers compensation industry, one question has to do with coverage for occupational groups such as healthcare workers and first responders who may have a higher probability for exposure. The need for informed decision making has never been greater.
The National Council on Compensation Insurance (NCCI) and the Insurance Information Institute (Triple-I) will hold an informative discussion during a live webcast on Thursday, July 23 at 2:00 p.m., ET. The focus will be on COVID-19’s impact on the U.S. workforce as individual state proposals for workers compensation coverage continue to emerge.
Policymakers in some states are calling for insurers to pay workers compensation claims for individuals in certain occupations who are presumed to have contracted COVID-19 on the job.
“In the coming months and years, there will likely be many changes affecting workers driven by our efforts to cope with COVID-19 – including how work is done, where it is done, what new jobs will be created and which ones will disappear – perhaps replaced by machines or technology,” said Steven Weisbart, PhD, senior vice president and chief economist, Triple-I. “This will be as challenging a time for workers compensation as we have ever had.”
To help decision-makers gain insight into this evolving landscape the webcast will include a demonstration of NCCI’s COVID-19 Hypothetical Scenarios Tool to address frequently asked questions about the factors that will likely drive workers compensation costs.
“There is still considerable uncertainty about the likely costs to the workers compensation system from COVID-19,” said Sean Cooper, practice leader and senior actuary at NCCI. “Using assumptions for infection rates, hospitalization rates, compensability rates, and fatality rates, the tool provides a range of the potential impact from COVID-19 for individual states and certain jobs.”
Date & Time: Thursday, July 23, 2020, 2:00 pm – 3:00pm ET
- Sean Cooper, FCAS, MAAA, Practice Leader and Senior Actuary, NCCI
- Jeff Eddinger, FCAS, MAAA, Senior Division Executive, NCCI
- Dr. Steven Weisbart, CLU, Senior Vice President and Chief Economist, Triple-I
- Moderated by Mark Friedlander, Director, Corporate Communications, Triple-I
Register for this free webcast here: NCCI & Triple-I—Webinar on the Impact of COVID-19 on Workers Compensation Insurance
Registrants will receive an immediate email confirmation and calendar invitation with a link to the webinar.