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.
Takeaways From AP Analysis on the Flaws in National Flood Insurance 
State Farm to Increase Claims Workforce by 3,000 
Florida Commissioner Suspends A-Cap’s Atlantic Coast Life Over Surplus Issues 
AXA XL Launches Insurance Company, AXA XL E&S 
