• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • WCW HOME
  • Submit a Wire!
  • Advertising
  • Media Partners
  • About
  • Contact Us

WorkCompWire

Your Trusted Source for Workers Compensation News

Enlyte
  • Workers Compensation News
    • Workers Compensation Industry News
    • Association, Rating & Research News
    • Claims, Legal, & Compliance News
    • Legislative & Regulatory News
    • Risk Management News
    • Work Force & Human Resource News
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • People On The Move

NCCI Releases Multi-Bureau Collaborative Report on COVID-19 Claims

December 16, 2021 - WorkCompWire

Boca Raton, FL – NCCI recently announced that in collaboration with a number of other workers compensation rating bureaus it has released a new study, COVID-19’s Impact on Workers Compensation – A Multi-Bureau Report.

To better understand the pandemic’s impact on the workers compensation (WC) industry, a cross-bureau collaborative effort was made to analyze COVID-19 claims characteristics, including representation from the following WC bureaus: California, Delaware, Indiana, Michigan, Minnesota, New Jersey, North Carolina, Pennsylvania, Wisconsin, and NCCI. The analysis does not include experience from self-insured employers or denial and expense-only claims.

Claim and loss activity during 2020 as of year-end 2020 varies across jurisdictions, indicative of how the pandemic impacted individual states differently and at varying times. The early evaluation of the emergence of COVID-19 claims includes many uncertainties.

Multibureau COVID Report

Key findings in the study include:

  • For the 45 states included in this analysis, COVID-19 claims represent 11.0% of total claims counts and 3.5% of incurred losses.
  • Indemnity-only claims emerged as a significant share of reported COVID-19 claims.
  • In aggregate, COVID-19 claims that remained open have relatively higher case reserves due to the uncertainty of COVID-19 infections, later than average accident dates, and timing of the various waves of the pandemic.
  • COVID-19 indemnity claims closed more quickly than non-COVID-19 indemnity claims, partly driven by the large share of indemnity-only claims.
  • Despite the higher closure rate, the ratio of paid to paid + case losses on COVID-19 claims is lower when compared with that for non-COVID-19 claims.

Read the full report: COVID-19’s Impact on Workers Compensation – A Multi-Bureau Report (PDF)

A webinar with several Independent Bureaus and NCCI will be hosted on Thursday, January 20, 2022, at 2:30 p.m. ET (11:30 a.m. PT).
​​​​​​​
During the discussion, you’ll learn about the multi-bureau collaboration on COVID-19 claims data that offers a more comprehensive view of COVID-19 claim characteristics and trends. The webinar is available at no cost and open to everyone.

Register: Webinar: COVID-19’s Impact on Workers Compensation—A Multi-Bureau Collaboration

Source: NCCI

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

Primary Sidebar

Get Our Free Newsletter:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: WorkCompWire.com, PO Box 1114, Culver City, CA, 90232, http://www.workcompwire.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

myMatrixx

Paradigm

MSQ

Follow Us on Twitter

Tweets by WorkCompWire

Workers Compensation News Topics

  • Top Stories
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • The RxProfessor
  • Industry News
  • Association, Rating & Research News
  • People On The Move
  • Claims, Legal, & Compliance News
  • Legislative & Regulatory News
  • Risk Management News
  • Work Force & Human Resource News
  • Workers’ Compensation

Wire Archives

Copyright WorkCompWire © 2023