Workers’ Compensation Insurance Rating Bureau News

Pace of COVID-19 Claims in Calif. Slower than Projected So Far

California workers had filed 5,093 COVID-19 workers’ compensation claims as of Tuesday, according to the state Department of Industrial Relations, a pace that might lead to a lower impact on costs than projected by actuaries. The potential cost of the …

WCIRB Lowers Mid-Range Estimate of COVID Workers Comp Costs by $10B

The Workers’ Compensation Insurance Rating Bureau of California published estimated costs of allowing state workers to receive benefits for COVID-19 claims without proving virus exposure at work, dropping a prior mid-range estimate by $10 billion. In a report published on …

Work Comp May Need Backstop as Presumptions Push Claim Costs into Billions

An executive order by California Gov. Gavin Newsom last week is the most aggressive yet among the directives issued by 13 states that require workers’ compensation insurers to pay at least some COVID-19 claims. Pressure is growing on workers’ compensation …

California Governor Expands Workers’ Comp Coverage in Virus Cases

SACRAMENTO, Calif. — Gov. Gavin Newsom on Wednesday signed an executive order allowing employees across California’s economy to apply for worker’s compensation if they contract the coronavirus, with a presumption that it was work-related unless employers can prove otherwise. The …

NCCI: COVID-19 Will Cost Billions Even With Modest Infection Rates

If only 10 percent of health care workers contract COVID-19 and all of their claims are deemed compensable, workers’ compensation loss costs for that sector could double or even triple in some states, according to an analysis by the National …