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NCCI will treat COVID-19 as a catastrophic comp event



The COVID-19 pandemic will be treated as a catastrophic event in labor compensation costs / rates, according to the National Council on Compensation Insurance. jurisdiction-specific loss / interest applications with proposed entry into force from November 2021 to August 2022 and will exclude COVID-19 receivables from the determination of loss costs and interest as they are “not expected to be predictable for the loss experience.

NCCI also stated that it will address future pandemic losses during the seasonal fee season by either including a proposed change in the definition of disaster to include each individual event or hazard, resulting in aggregate workers' combined losses of over $ 50 million in states with an approved disaster provision, or propose such a change in states that have not approved an emergency provision (other than certified terrorist acts).

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