According to the NCCI, Workers' Comp System 'Stronger Than Ever'
When excluding COVID-19, total workers’ comp claim frequency fell 7% during the year.
The U.S. workers’ comp system saw net premiums decline 10% during 2020, while carriers recorded $260 million in COVID-19 claims and other key economic metrics are at or near historic highs, according to the National Council on Compensation Insurance (NCCI).
Regarding the drop in premiums written, which totaled $42 billion in 2020, the council reports job losses and shrinking payrolls were the major driving forces.
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