Call or email us anytime
(805) 484-0333
Search Guide
Today is Tuesday, July 27, 2021 -

News Articles

NCCI Will Treat COVID-19 as Catastrophic Comp Event

  • National
  • Topic: NATIONAL
  • - Popular with: Legal
  • -  1 share

The COVID-19 pandemic will be treated as a catastrophic event in workers' compensation loss cost and rate filings, according to the National Council on Compensation Insurance.

Boca Raton, Florida-based NCCI announced Tuesday it has begun submitting annual jurisdiction-specific loss cost/rate experience filings with proposed effective dates ranging from November 2021 to August 2022 and will exclude COVID-19 claims from the determination of loss costs and rates because they are “not expected to be predictive of the loss experience.”

NCCI also said it will address future pandemic losses during rate filing season by either including a proposed change to the definition of catastrophe to include any single event or peril resulting in aggregate workers' comp losses in excess of $50 million in states with an approved catastrophe provision, or propose such a change in states that have not approved a catastrophe (other than certified acts of terrorism) provision.

Business Insurance is a sister publication of WorkCompCentral. More stories are here.

No Comments

Log in to post a comment

Close


Do not post libelous remarks. You are solely responsible for the postings you input. By posting here you agree to hold harmless and indemnify WorkCompCentral for any damages and actions your post may cause.

Upcoming Events

  • May 19 – Sep 2, 2021

    Webinar Series: Fundamentals o

    Overview: WorkCompCentral has partnered with Randy Pollak, Managing Attorney at Wintersteen & Casa …

  • Jul 29, 2021

    Webinar: Reimagining Marketing

    Reimagining Marketing Methods Thursday, July 29th | 3:00 - 4:00 PM EST Mark your calendars for T …

  • Aug 5, 2021

    FREE WEBINAR: RACIAL INEQUITY

    Overview: WorkCompCentral and our distinguished panel will discuss racial inequity in the workers …

Workers' Compensation Events

Social Media Links


WorkCompCentral
c/o Business Insurance Holdings, Inc.
PO Box 1010
Greenwich, CT 06836
(805) 484-0333