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Key takeaways from the 2021 NCCI Annual Issues Symposium

Each year, the National Council on Compensation Insurance (NCCI), which gathers data, analyzes industry trends and legislation, and prepares insurance rate and loss cost recommendations for 38 jurisdictions, holds an Issues Symposium. The theme of this year's event was Stronger Together.

Key takeaways include:

While conditions suggest that the workers' comp system is strong and resilient, NCCI experts noted issues of concern include the uncertainty of long COVID claims (early data showed a readmission rate six months after initial hospital discharge in the 10% to 15% range for workers who contracted COVID-19), how quickly the recovery will drive an increase in payrolls and workers' compensation premiums, the impact of presumptions, and the impact of vaccines.

NCCI Resources:

State of the Line Report

State of the Line Guide

Highlights: Latest trends in Time to Treatment, Escalating Medical Costs