Pending Loss-Cost Increase Triggers Call for Reforms

By Michael Whiteley, Eastern Bureau ChiefConnecticut's second proposed increase in loss costs over the past two years is fueling a push by both labor and employers for cost-saving reforms during the 2012 session of the state General Assembly.Labor wants the Legislature to create a state-chartered insurance carrier, while business interests are hoping for a statutory cap on the price of repackaged drugs.The National Council on Compensation Insurance (NCCI) has filed to increase loss costs in the voluntary market by 4.5% and to boost rates in Connecticut's assigned-risk market by 2.9%, e...