NCCI Proposes Workers’ Comp Loss Cost Decrease in Connecticut

The National Council on Compensation Insurance (NCCI) recently proposed an overall average change in voluntary loss cost level of -0.6 percent in Connecticut. Key components for the proposed change include -0.4 percent for experience and trend, -0.2 percent for benefits, and no change for loss-based expenses.

In its filing on Sept. 26, NCCI also requested an overall average change in assigned risk rate level of -0.5 percent. Key components include -0.6 percent for the overall voluntary loss cost level change and +0.1 percent change in the assigned risk multiplier.

NCCI’s filing is proposed to be effective Jan. 1, 2015 and is currently under review by the Connecticut Insurance Department.

Topics Trends Profit Loss Workers' Compensation Connecticut