One of Country's Most Expensive States for Comp Considers 14% Rate Decrease

The nation's fourth most expensive state for workers' compensation insurance could be looking at an approximately 14% rate decrease come January if its insurance commissioner approves a National Council on Compensation Insurance proposal announced last week. The rate-maker recommended a 14.1% rate decrease for the voluntary market, and a 12.6% rate decrease for the residual market.  The Connecticut Insurance Department approved an 11% rate decrease last November after NCCI filed a proposal in September recommending the reduction. Last year's double-digit reduction was cause...