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“The pandemic was the moment to rise to the challenge, and the workers' compensation system did so with integrity. Our workers’ compensation system is fulfilling its noble mission to help injured workers,” said NCCI President and CEO Bill Donnell. (Credit: Fotolia) “The pandemic was the moment to rise to the challenge, and the workers’ compensation system did so with integrity. Our workers’ compensation system is fulfilling its noble mission to help injured workers,” said NCCI President and CEO Bill Donnell. (Credit: Fotolia)

The U.S. workers’ comp system saw net premiums decline 10% during 2020, while carriers recorded $260 million in COVID-19 claims and other key economic metrics are at or near historic highs, according to the National Council on Compensation Insurance (NCCI).

Regarding the drop in premiums written, which totaled $42 billion in 2020, the council reports job losses and shrinking payrolls were the major driving forces.

NCCI chart 1

Noting the system is emerging from the pandemic “stronger than ever,” NCCI President and CEO Bill Donnell said in a release: “The pandemic was the moment to rise to the challenge, and the workers’ compensation system did so with integrity. Our workers’ compensation system is fulfilling its noble mission to help injured workers.”

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