The National Council on Compensation Insurance recommended an average 6.1% cut in voluntary loss costs for Connecticut in 2025.
NCCI also proposed a 6.2% average reduction in the assigned risk market rates in a filing submitted to the Connecticut Insurance Department.
NCCI said the primary driver of the proposal is improved experience.
Lost-time claim frequency has generally been declining in the state. Although claims increased in policy years 2020 and 2021, NCCI said those increases — along with larger-than-typical decreases in policy years 2018 and 2019 — may reflec...
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