The COVID-19 pandemic has so far not had any notable impact on the workers compensation residual market, according to research released Monday by the National Council on Compensation Insurance.
Boca Raton, Florida-based NCCI compared the current residual market with 2019, when the market share of the residual market pool was about 7%. While indirect effects of the pandemic, such as delayed medical care and the inability of some workers to return to work, may impact the residual pools, few direct impacts have yet been observed, according to the ratings agency.
