Nation's Second-Most Expensive State Poised for Double-Digit Rate Reduction

The National Council on Compensation Insurance has filed 10.9% rate decreases for both voluntary loss costs and the assigned risk market in Connecticut, the nation’s second-most expensive state. NCCI observed lower claim frequency, improved loss experience and increasing premium volume for the policy years 2013 and 2014, its filing states. The Connecticut Insurance Department approved a 3.9% rate decrease last November. There will be no public hearing on NCCI’s filing, but the state will accept public comments through Oct. 26 at Cathleen_Cirone@ct.gov or by mail to Cathleen Ciro...