Viewpoint: Using AI to Identify Work Comp Fraud Related to COVID-19

As employees return to work after the COVID-19 crisis has subsided, insurers and employers will likely experience a surge in claims related to the virus. Analysts expect coverages for workers compensation, employer liability, and business interruption to be especially hard hit.[i] The California Workers Compensation Insurance Rating Bureau estimates annual losses in its state will be $1.2 billion.[ii] Extrapolating nationally, losses would be approximately $5 billion. Most states have enacted legislation or executive orders to designate critical occupations in the wake of the virus.