Conn. Regulators Weigh Workers’ Comp Rate Hike Proposal

October 23, 2012

Connecticut Insurance Commissioner Thomas Leonardi announced a 30-day public comment period on the National Council On Compensation Insurance (NCCI) voluntary loss cost and assigned risk rate filing.

NCCI is proposing that the insurance department approve a +7.1 percent change to the current voluntary loss costs and a +0.4 percent change to the current assigned risk rate level (both of which went into effect on Jan. 1, 2012) and that the new loss costs and assigned risk rates take effect on Jan. 1, 2013.

The insurance department said last week it does not intend to hold a public hearing concerning the proposal. However, interested parties are encouraged to provide comments concerning the NCCI filing to Thomas Taggart, the insurance associate examiner, at the property/casualty division of the Connecticut insurance department.

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