While 2006 and 2016 had the same number of adjusted mega claims, 2016 had fewer lost-time claims in total than did 2006. (Photo: Shutterstock)
Workers compensation claims have been known to get high from time to time, but 2016 saw an uptick of 10 so-called mega claims (claims of $10 million or more), which is having a large impact on the workers compensation industry.
According to a research brief from NCCI, while the 2016 level of mega claims is high, it is not unprecedented. The same number of adjusted mega claims occurred in accident year (AY) 2006 and nearly as many in AY 2007 after inflation-adjusting past AYs to today's dollars. Also, 70 percent of the claims in 2016 were attributable to motor vehicle accidents and falls from elevation. Hospital and home health care account for more than half of the medical costs.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.