The Connecticut Insurance Department recently approved the National Council on Compensation Insurance’s (NCCI) workers’ compensation filing for an overall -0.6 percent change for pure premium loss costs and an overall -0.5 percent change in assigned risk plan rates in Connecticut.
NCCI filed its proposal on Sept. 26. The approved changes will become effective Jan. 1, 2015, according to the Connecticut Insurance Department announcement on Nov. 13. 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: -0.5 percent for manufacturing; -0.5 percent for contracting; -3.2 percent for office and clerical; +0.6 percent for goods and services; and -1.4 percent for miscellaneous.
For the assigned risk plan, NCCI’s filing reflected the following rate level changes: -0.4 percent for manufacturing; -0.4 percent for contracting; -3.1 percent for office and clerical; +0.7 percent for goods and services; and -1.3 percent for miscellaneous.
Was this article valuable?
Here are more articles you may enjoy.
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
