Rating Bureaus: COVID Claims Less Costly Than Non-COVID Claims

In the first year of the pandemic, COVID-19 claims in workers’ compensation made up roughly 10% of claims and on average were less costly than non-COVID claims in almost every state, according to new analysis jointly published Wednesday by nine state rating bureaus and the National Council on Compensation Insurance. The COVID-19’s Impact on Workers Compensation report sourced data from 45 jurisdictions representing $630 million in COVID-19 incurred loss dollars and 80,000 COVID-19 claims, representing an average claim cost of $7,800. By state, COVID-19 claim count shares varied f...