COVID Claims Not as Costly as Feared, but Carriers Likely Won't See Profit in 2020

Almost five months into the coronavirus pandemic, one thing is certain: Uncertainty remains the watchword for COVID's impact on the workers' compensation industry, actuaries said. “It's too early to give any numbers. We simply don't have the data that we would need to do that,” said Sean Cooper, senior actuary at the National Council on Compensation Insurance. It won't be until September, the end of the third quarter, before actuaries have a better idea of the cost of medical treatments on claims filed in April and May, one of the peak seasons for the pand...