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Covid, interest rate adequacy top list of concerns among business leaders



COVID-19 and interest rates are at the top of the list of concerns among 102 heads of occupational injury insurance companies investigated in October by the National Council on Compensation Insurance, according to a report released on Tuesday.

The Boca Raton, Florida, found the credit rating agency also the changing workforce, the potential for increased safety problems due to an inexperienced and still constantly aging workforce, and riding medical costs as among other major problems.

On COVID-19, the report noted that "(e) although the pandemic appears to be declining certain areas, the potential for new variants and long-term effects reappears, which creates a significant change in the industry landscape. ” Managers are concerned about how the expansion of the presumption of infectious diseases may affect workers' compensation coverage and costs, and whether a significant number of employees working from home instead of in an office will have an impact on the industry. , including return to work, and the financial consequences of resulting medical claims and claims, is also a problem. , and their final impact on premium levels, but are concerned about whether the trend will continue.


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