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NCCI sticks 2020 COVID-19 comp losses of $ 260 million



Loss benefits in 2020 from 45,000 COVID-19-related claims amounted to $ 260 million, according to data published Wednesday by the National Council on Compensation Insurance. NCCI provides rate-taking services.

NCCI said in its report that COVID-19 claims have the potential to ultimately lead to workers compensating for losses in excess of $ 500 million during the pandemic.

To date, health care / convalescent home staff other health care professionals and first responders have together accounted for more than 75% of all COVID-19 claims reported to NCCI. Workers in the restaurant, construction, distribution and retail industries together accounted for 14% of reported COVID-1

9 claims, according to the data.

For a separate COVID-19 medical severity report released on Wednesday, NCCI analyzed 5198 reported COVID-19-related medical transactions from January 1, 2020 to March 29, 2021, and found that 3629 were classified as "mild", requiring some medical treatment. but no hospital stay; 621 were "moderate" and required hospitalization without an intensive care unit or ventilation. and 171 were "severe," requiring ICU hospitalization and / or ventilation.

More insurance and work compensation news about the coronavirus crisis here .

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