Mega claims, with reported losses above $2 million, represent less than 0.1% of total workers compensation claims but account for over 2% of total loss dollars, in excess of $1 billion each year.
These claims typically have significant medical expenses, stemming from severe injuries with prolonged recoveries and time away from work.
In response to stakeholder concerns about the relative frequency of these claims, several workers compensation rating bureaus produced a countrywide analysis of mega claims in 2020. These same bureaus have collaborated again to conduct an updated and enhanced analysis of the trends in frequency, characteristics, loss size, and emergence of countrywide mega claims.
Learn more on
ncci.com and look for the webinar recording coming soon.
For more information, contact NCCI's Customer Service at 800-NCCI-123 (800-622-4123), option 7.
