NCCI: 'Fast-Emerging' Large Claims Make up Majority of Severe Comp Losses

“Fast-emerging” large workers' compensation claims, or those reaching $1 million or an applicable threshold in incurred losses within roughly two years of injury, now make up a majority of all large claims, according to the National Council on Compensation Insurance. Fast-emerging claims accounted for 59% of claims exceeding $1 million in 2023, up from 27% in 2003, according to figures from the industry group. Slow-emerging large claims have declined as a share of large losses over the same period. NCCI defines large claims as those with total incurred losses above specified ...