Connecticut’s insurance regulator has approved an industry filing that will lower workers’ compensation rates beginning January 1, 2026.
The new voluntary market rates will reflect an average 3.8% decrease in loss costs. The rate for assigned risk will fall an average 0.4%.
Insurance Commissioner Andrew N. Mais approved the rate filing by the industry’s National Council on Compensation Insurance (NCCI) largely as it was submitted in September. The department received no comments on the filing and held no hearing.
The insurance department’s staff determined that overall cost levels are decreasing for the voluntary market and the assigned risk rates. The cost levels for this filing are based on Connecticut loss experience for policy years 2022 and 2023.
This marks the twelfth straight year of a decrease in workers’ compensation costs in the state. For 2025, Connecticut approved an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market, as NCCI proposed.
Was this article valuable?
Here are more articles you may enjoy.
Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case 
Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida 
Black Vultures Spreading North, Attacking and Killing Cattle 
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth 
