Net written premium dropped 10% in 2020, but workers’ compensation systems across the U.S. appear to have weathered the COVID-19 pandemic, as carriers fielded fewer virus-related claims than anticipated and wrapped up another profitable year, according to the National Council on Compensation Insurance’s annual “State of the Line” report.
Because of COVID-related job losses and subsequent dwindling payrolls, net written premium for state funds and private insurers fell from $47.1 billion in 2019 to $42 billion last year, according to the report.
Despite the pandemi...
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