Insurers Expected COVID-19 Workers’ Comp Surge; It Never Came
| posted in Blog, NewsletterThe number of COVID-19 workers’ compensation claims submit to carriers has not been as widespread as insurers and ratings agencies around the country had predicted when the pandemic first started in early 2020. On top of that, a large chunk of COVID-19 workers’ compensation claims filed by workers nationwide have been rejected, with insurers often citing lack of proof that the illness was contracted in the workplace. These two factors have lead to a much lower surge of claim payouts than expected. The insurance industry was bracing for a deluge of workers’ comp claims when the seriousness of the pandemic…
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