NCCI Recommends 3.9% Decrease in Loss Costs

The National Council on Compensation Insurance is recommending a 3.9% loss-cost reduction for the Connecticut voluntary market and a 6.3% drop for the assigned-risk market, according to a State Advisory Forum presentation posted online last week. The proposed reduction follows a 2.3% decrease that took effect on April 1 to account for savings created by adoption of a new Official Fee Schedule for Hospitals and Ambulatory Surgery Centers. The office and clerical sector would see the largest overall decrease, at 6.3%. The rate filing would reduce loss costs for the contracting sector by 6%, ma...