Boca Raton, FL – NCCI’s recently released a new “Insights” piece from President & CEO Bill Donnell that celebrates the 100th anniversary of NCCI and examines the journey of workers’ comp over the past century.
“Workers’ Compensation: Past, Present & Future” highlights the resilience of the industry through major challenges including recessions, a world war, and a global pandemic that have shaped and strengthened the system.
“The workers compensation system is healthy and strong. On behalf of the National Council on Compensation Insurance (NCCI), it feels great to be able to say that with confidence, especially as NCCI is celebrating its 100th Anniversary. A visionary group of insurance policymakers and leaders created NCCI in 1923, and from its inception, our role has remained the same: to foster a healthy workers compensation system.
During the past 100 years, workers compensation has made American workplaces safer and helped millions of people recover from workplace injuries. Employers, workers, legislators, regulators, carriers, and all system stakeholders can be justifiably proud of what we have accomplished together—through 17 recessions, one world war, a fourfold expansion of the workforce, and a global pandemic—since the early 1920s. The system has been tested, and there will always be challenges. It’s how we prepare and respond that makes the industry resilient.
While this is a moment worth celebrating, it’s also a time to reflect on where we are today and on the challenges we may face in the future.”
Read the full article: NCCI: Workers’ Compensation: Past, Present, and Future