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Workers compensation losses in 2020 from 45,000 COVID-19-related claims totaled $260 million, according to data released Wednesday by the National Council on Compensation Insurance.
The figures exclude self-insureds and only account for the 36 states where NCCI provides ratemaking services.
NCCI said in its report that COVID-19 claims have the potential to ultimately result in workers comp losses exceeding $500 million over the duration of the pandemic.
To date, nursing/convalescent home employees, other health care workers, and first responders have collectively accounted for more than 75% of all COVID-19 claims reported to NCCI. Workers in the restaurant, building operations, distribution, and retail industries have collectively accounted for 14% of reported COVID-19 claims, according to the data.
For a separate report on COVID-19 medical severity released Wednesday, NCCI analyzed 5,198 reported COVID-19-related medical transactions from Jan. 1, 2020, through March 29, 2021, and found that 3,629 were classified as “mild,” requiring some medical treatment but no hospitalization; 621 were “moderate,” requiring a hospital stay without the intensive care unit or ventilation; and 171 were “severe,” requiring a hospital stay involving the ICU and/or ventilation.
More insurance and workers compensation news on the coronavirus crisis here.
At least 12 states have introduced legislation to create workers compensation presumptions of compensability that could apply to “infectious diseases and pandemics” beyond COVID-19, according to a legislative trends report released Friday by the National Council on Compensation Insurance.