Connecticut regulators this week approved the National Council on Compensation Insurance’s workers’ compensation filing for an overall +3.2 percent change for voluntary market advisory pure premium loss costs and an overall +5.7 percent change in assigned risk plan rates.
NCCI filed its proposal in September. The changes will become effective Jan. 1, 2014. Changes to individual classification costs have been limited to 20 percent of the industry group change.
NCCI’s filing in voluntary market advisory loss costs reflected the following pure premium level changes: +3.7 percent for manufacturing; +3.5 percent for contracting; +2.5 percent for office and clerical; +2.3 percent for goods and services; and +5.2 percent for miscellaneous.
For the assigned risk plan, NCCI’s filing reflected the following rate level changes: +6.2 percent for manufacturing; +6.0 percent for contracting; +5.0 percent for office and clerical; +4.7 percent for goods and services; and +7.7 percent for miscellaneous.
Topics Trends Profit Loss Connecticut
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