NCCI: $260M in Incurred COVID Losses for 2020

The National Council on Compensation Insurance said it has observed $260 million of case-incurred COVID-19 workers’ compensation losses among insured employers in the jurisdictions where it provides ratemaking services for the 2020 accident year. “NCCI estimates that COVID-19 claims, excluding self-insureds, have the potential to ultimately result in WC losses exceeding $500 million over the entire duration of the pandemic across jurisdictions where NCCI provides ratemaking services,” according to a report posted Wednesday. NCCI said that as of the end of 2020, private...