The Workers’ Compensation Insurance Rating Bureau of California in collaboration with several other workers’ comp rating bureaus released the COVID-19’s Impact on Workers Compensation report.
To better understand the pandemic’s impact on the workers’ comp industry, a collaborative effort was made to analyze COVID-19 claims characteristics, including representation from the following workers’ comp bureaus: California, Delaware, Indiana, Michigan, Minnesota, New Jersey, North Carolina, Pennsylvania, Wisconsin and the National Council on Compensation Insurance.
he analysis does not include experience from self-insured employers or denial and expense-only claims.
Key findings, including those impacting California, in the report include:
The full report can be found in the research section of the WCIRB website.
Source – InsuranceJournal.com